First Time Home Buyers
From the monthly archives: February 2010
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family.
Continue Reading →According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction.
Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family. Drive-time [...]
Continue Reading →Mortgage interest rates rose for the first time in 5 weeks.
We mentioned in last week’s predictions that Greece was the force behind the rate rally and could be a driving force if rates ticked up.
Continue Reading →Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise.
Continue Reading →Consumer confidence has been improving for the past 12 months.
Continue Reading →Foreclosure stories continue to dominate the news, but they are regional.
Continue Reading →The mortgage world is changing quickly. Rates change more often. Home loan approval guidelines are constantly being tweaked.
If we talk today, not only could mortgage rates be different tomorrow, but they likely will be. They’re no different than stocks in that regard.
When it comes to mortgage changes, they’re almost as inaccurate as urban [...]
Continue Reading →The current interest rates sit virtually unchanged today after having made up for losses at the opening bell.
Fed Chairman Bernanke was due to testify before the House today, but they’re taking a snow day today as a second storm barrels at them. There wasn’t much data due out this week, but there is even [...]
Continue Reading →Bankers are a really negative group right now, but it is important to keep things in context.
Continue Reading →The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.
Continue Reading →