Weekly Mortgage Update

June 13, 2011

It’s the flight to safety effect coming into play again this week as the S&P index has dropped approximately 10% and fears continue over Greek and  Portuguese debt.  The flight to safety occurs when investors become less concerned with a rate of return and more concerned with just keeping what they have.  The US bond…

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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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