Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group’s new, costly mortgage insurance premium schedule.
Tags: fha, MIP, UFMIP | Category: Mortgage Guidelines | Comments Off
|
Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums.
Tags: fha, MIP, UFMIP | Category: Mortgage Guidelines | Comments Off
|
Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom.
Tags: Foreclosures, RealtyTrac, REO | Category: Housing Analysis | Comments Off
|
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.
Tags: Freddie Mac, Greece, Homebuilder Confidence | Category: Mortgage Rates | Comments Off
|
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.
Tags: Homebuilder Confidence, Housing Market Index, NAHB | Category: Housing Analysis | Comments Off
|
Lenders are reserving lowest rates for the customers with high FICOs. Here’s a few ways to improve your credit score quickly.
Tags: FICO, NBC, The Today Show | Category: Personal Finance | Comments Off
|
For the 3rd time in 7 years, your federal income taxes will not be due April 15. They’ll be due Tuesday, April 17 instead.
Tags: 1040s, Federal Income Tax, IRS | Category: Taxes | Comments Off
|
Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
Tags: Ben Bernanke, Fed Funds Rate, FOMC | Category: Federal Reserve | Comments Off
|
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
Tags: Existing Home Sales, Existing Home Supply, NAR | Category: Housing Analysis | Comments Off
|
The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next.
Tags: Eurozone, Existing Home Sales, FOMC | Category: Mortgage Rates | Comments Off
|
Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 — the last month of last year’s home buyer tax credit.
Tags: Homebuilder Confidence, Housing Starts, New Home Sales | Category: Housing Analysis | Comments Off
|
According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate fell to 3.89% nationwide. This week, the Eurozone will determine whether rates rise or fall.
Tags: Eurozone, Freddie Mac, Sovereign Debt | Category: Mortgage Rates | Comments Off
|
Will your home gain value over the next 12 months? Nobody can know for sure, but should recent housing trends continue, there’s concrete cause for optimism.
Tags: Home Values, NBC, The Today Show | Category: Personal Finance | Comments Off
|
The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. December’s Fed Minutes shows Fed members with a positive, cautious, take on the economy.
Tags: Ben Bernanke, Fed Funds Rate, FOMC | Category: Federal Reserve | Comments Off
|
Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
Tags: Consumer Spending, Non-Farm Payrolls, Retail Sales | Category: The Economy | Comments Off
|
Starting soon, nearly all home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law.
Tags: congress, FICA, Payroll Tax | Category: The Economy | Comments Off
|
If you’re floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET.
Tags: Jobs, Non-Farm Payroll, Unemployment Rate | Category: The Economy | Comments Off
|
|
