First Time Home Buyers
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Mortgage rates improved on almost all loans for first time home buyers last week.
Continue Reading →Mortgage rates on nearly all first time home buyer programs improved last week.
Continue Reading →Mortgage rates jumped last week for the second week in a row. Largely, this was from hotter-than-anticipated inflation data and a surprise move by the Federal Reserve. Loans for first time home buyers rose by the largest margin in any week since late-2009. In brief, last week was all about the Federal Reserve.
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 →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 →This is four weeks in a row where rates have improved for all of the most popular loans for first time home buyers.
Continue Reading →Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In the 3-minute piece, the NBC Today Show talks about 7 ways that homebuyers ruin their credit — often by accident.
Continue Reading →The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy âhas continued to strengthenâ, that the jobs markets is getting better, and that financial markets are supportive of growth.
Continue Reading →In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.
Continue Reading →The expanded version of the home buyer tax credit endThe expanded version of the home buyer tax credit ends on April 30, 2010. To meet the requirements, you must be under contract by April 30th and closed by June 30th. There’s 100 days left to claim it.
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