A trend seems to be emerging. More and more people are bringing cash to the closing table and lowering their mortgage payment and principal balance when they refinance.
This week’s economic calendar will be dominated by 3 big events: mid-term elections on Tuesday which are expect to result in numerous seats changing hands in both the Senate & House, the end of the 2-day FOMC meeting on Wednesday which may include an announcement for a 2nd round of quantitative easing, and the October employment report due out on Friday.
Treasuries opened up this morning and then jumped up more following the morning’s GDP report. The report, which is one of the Fed’s preferred inflation measures, increased less than forecast and added speculation that they will be boosting purchases of long-term assets. Also, today’s October consumer confidence report from the University of Michigan is expected to rise.
Entrepreneurial academy to launch brain-economy businesses in urban center Cleveland, Ohio – Oct. 28, 2010 – Bizdom U, a non-profit boot camp that trains entrepreneurs [...]
News spread from the Mortgage Bankers Association’s annual convention that rates are expected to rise as early as next quarter. Meantime, all eyes are on the Federal Reserve’s anticipated plans to bolster the economy.
A recent study shows that 53% of Americans have concerns about their mortgage payment. We provide some quick tips on how to manage and save money on your monthly mortgage payment.
Treasuries and mortgages were lower on Wednesday as questions were raised surrounding the size of the Fed’s rumored quantitative easing. Today, mortgage bonds are higher as the Fed asked bond dealers how an asset purchase will influence yields, encouraging speculation that policy makers remain open to large purchases in order to spur the economy.
In our weekly video blog, Jen Horvat clears up the confusion surrounding reverse mortgages.
Treasury and mortgage bonds fell for a sixth straight day on Tuesday. Today’s September durable goods orders report was expected to show an increase of +2.0%, reversing the -1.5% decline in August. The actual number came in stronger than expected at +3.3%. This has added further pressure to bond prices.
Facebook promotion to drive Metro-Detroiters to businesses along parade route to find Clownie Fatheads Detroit, Mich. – Oct. 26, 2010 – The Parade Company and [...]