With many of our brave men and women currently overseas defending our freedom, we need to make sure they know how grateful we are for their service to our country. To continue to show gratitude for the military, the U.S. government has extended the homebuyer tax credit for members of the uniformed services, members of the Foreign Service and employees of the intelligence community.
Yesterday, Quicken Loans posted their 14 story billboard, announcing to those who haven’t already heard that we are, “Proud to Call Motown Our New Hometown!” Quicken Loans first [...]
Yesterday, treasury prices remained lower for most of the morning before 10-year treasury auction. That changed in the afternoon as a strong auction produced solid demand despite low yields. Treasury and mortgage bond prices are lower to start the day as equities have opened strong this morning.
Information for veterans weighing the pros & cons of two popular government loans, the VA loan & the FHA loan.
Treasuries are slightly lower this morning ahead of the $21 billion auction this afternoon and also after a report showing that Chinese exports jumped 50% in May. The mortgage applications report showed a 12% drop last week even with the lower rate environment.
As you sat fanning yourself in your back yard, sweaty and hot, weighed down by the heat and the steam of the mid-day sun, did [...]
Yesterday, mortgage bonds rallied as equity markets remained under pressure. Treasury and mortgage prices are set to open lower this morning from yesterday’s close as equities look to rebound and after comments from Bernanke that the central bank will raise interest rates before the economy returns to full employment.
With mortgage rates being at record lows and many people ready to buy or refinance, it’s important to know the facts about the loan options available to you. Read this brief evaluation of conventional vs FHA loans & know the facts before you sign on the dotted line.
The Treasury will be auctioning $70 billion this week. Bernanke will be testifying before the House Budget Committee this week and there will be an ECB meeting. It will be critical that they address the growing concern about potential defaults in Europe.
The Wall Street Journal reported late last week that 15-year fixed rates were at an all-time recorded low. We’ve never seen average 15-year rates this low, or at least since Freddie Mac began tracking them in 1991.