Archive | Mortgage News

Existing Home Sales See Largest Increase in 13 months

The National Association of Realtors announced today that existing home sales in September increased 5.5 percent as compared to August 2008.

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Why the Reverse Mortgage Market is Booming… New Loan Limits Could Be to Thank

What’s so great about Reverse Mortgages? Senior homeowners want to know… and quite frankly, so do their kids. Right now, reverse mortgages are gaining popularity among senior homeowners. But why? Could it be because of the FHA's announcement of new loan limits?

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Mortgage Rates Predictions

There are a few common questions that mortgage professionals hear over and over again. It doesn’t matter what the market is doing or if the economy is booming or tanking. The questions are the same.

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A Solution That Works – Quicken Loans Chairman Dan Gilbert’s Proposal To Fix The Housing Crisis

We'd like to offer a solution for the housing crisis straight from the Quicken Loans Chairman, Dan Gilbert. For the full story and to get involved, please visit www.ASolutionThatWorks.com.

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In Spite of Low Mortgage Rates, Wall Street Worries Drive Down National Mortgage Activity

Mortgage rates have remained low, but ongoing financial unrest on Wall Street continues to have a negative impact on the national mortgage market.

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Buying A Foreclosed Home. Good Investment or Risky Business?

With current market conditions spurring foreclosures, it only makes sense that buyers would want to take advantage of housing prices well under market value. But what’s the deal? Is this idea way too good to be true? Does buying a home that’s been foreclosed on make you a Good Investor or a Risk Taker? Here we'll explore the pros, cons and precautions to take when buying a foreclosed home.

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Even With Lower Long-Term Mortgage Rates, New Home Sales Dip in Latest Report

The U.S. Census Bureau and the Department of Housing and Urban Development today announced that sales of new, single-family homes fell in the month of August, decreasing 11.5% from July’s numbers.

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Existing Home Sales See Slight Decline, FHA Loans May Be Silver Lining

The National Association of Realtors announced today that existing home sales in August were down 2.2 percent as compared to July 2008.

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Despite Falling Mortgage Rates, National Mortgage Applications Lower Last Week

Despite rates remaining low, the surge of applications from the previous week did not continue, according to a report released today by the Mortgage Bankers Association.

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Wall Street vs. Main Street – What Will The Government’s Bailout Package Do For You?

To battle America's looming financial crisis, The Bush Administration has proposed a $700 billion package – but what's in it for you?

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