Weekly Mortgage Update

September 9, 2011

Not a lot of news in this shortened week.  The big news was really President Obama’s speech.  But more government intervention, while helpful in some regards, is still more of a Band-Aid in my opinion.  The Fed Beige Book showed some districts with stronger economic growth (Dallas) and some with slower growth (Philly, Richmond and…

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Best time for buying a home is NOW!

June 2, 2011

Right now is a great time to buy a home because there are an abundance of homes on the market, prices are affordable and interest rates are awesome! I was reading on the “Steve Sjuggerud’s Daily Wealth” website today about how he thinks right “now is literally the best time in recorded history to buy…

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Find out more on FHA raising the MIP

September 2, 2010

Did you know that FHA is raising the Mortgage Insurance Premium, MIP, on all loans filed after October 4th, 2010? FHA will raise the MIP on all FHA case numbers assigned on or after October 4th.  This is a value added proposition for any one out there that is on the fence about buying a house. …

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Rates still at an all time low!

September 1, 2010

Mortgage bonds traded yesterday afternoon at an all time low yield.  Below is 2-year history, which covers the current refinance cycle which started in late November, 2008. Let me know if you want to go shopping for a home!?! These rates enable you to buy a bigger/more expensive home at a lower price!

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