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Great News! The Texas Department of Housing and Consumer Affairs (TDHCA) has replenished it’s Downpayment Assistance Fund for First Time Home Buyers. (Bond Program 74) The Texas Department of Housing and Community Affairs (TDHCA) recently released a new First Time Homebuyer Program (Bond Program 74) that offers a 10-year deferred forgivable 2nd lien for down payment and [...] Top of the morning to ya! Last Thursday of 2009, so let’s see what’s going on. Initial Jobless Claims are about to come in here in a little bit. We are expected to come in at 460k, higher than last reports figure of 452k. This report measures the number of people [...] The Chicago PMI report came in this morning at 60, versus the expected 54.9. What does this mean and how does it affect you? While this report shows the overall economic activity in the Chicago area, it is also seen as being representative of the overall economy (employment, inflation, etc). More orders in the manufacturing and non-manufacturing [...] Today’s 5 yr auction helped mortgage rates a tad and we are regaining some of the losses we’ve had recently. Tomorrow’s Chicago PMI (shows expansion or contraction of the business sector) report should have an impact on stock and mortgage bonds, so stay tuned for any updates. Make sure to follow me on Twitter for your daily [...] CC came in at 52.9, very close to the predicted 53. Rates are stable at the moment and are not changing leading into the auction here shortly. Currently up around 9 bp, we have the Consumer Confidence report coming out here in the next 30 minutes. This report surveys consumers throughout the country on their attitudes of the present and future outlook of the US economy, as this is a pretty important influence on bond and stock markets. We are estimated to come in [...] Currently down 34 bps for the morning, rates may start .125% higher this morning. We’re teetering right under the 200 DMA and in volatile territory, so hopefully you’ve taken advantage of our FREE advice of locking in your loan programs a while ago. Right now is not a time to be risking your rate, and a [...] Currently down 22 bps, rates jump this afternoon due to deteriorating market conditions. This makes 6 consecutive days of rate increases. Happy Christmas Eve to everyone! Here’s what we got this morning: Jobless Claims (measure the number of people filing for state unemployment insurance for the first time ) The Jobless Claims came in at 452K, lower than the [...] Now the Senate Bill is threatening new home construction…fantastic! Let’s get all the punches in while we can folks. Last time I looked, we were trying to SOLVE the housing crisis! — Source: NAHB December 21, 2009 – In a rush to pass a massive health care overhaul before Christmas, Senate Democrats have included a last-minute provision targeting [...] |
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