An attempt to debunk some of the common myths associated with VA loans. This great benefit of military service is often misunderstood and underutilized – we’re hoping this will help change things.
A foreclosure can be a great investment if you know how to buy one. Read our 6 simple tips before you get started.
The market is slightly down this morning. Some of the key economic releases this week include today’s new home sales report which is expected increase. On Tuesday, another housing report will be released and the Treasury will begin their weekly auctions. They will be auctioning a total of $104 billion of securities this week. Also, there are a lot more earnings releases slated for the week including the GDP report.
Don’t fret if you missed out on the tax credit – as a homeowner you still have tax incentives to look forward to. Learn about the tax benefits of homeownership from today’s special Guest Contributor.
Yesterday, mortgage bonds fell as better than expected corporate profits quelled fears of further Fed intervention. Today, treasuries and mortgages are lower on positive new overseas. The UK’s GDP grew nearly twice as much as expected and German business confidence rose to a three-year high.
Yesterday, treasuries and mortgages rallied as the Fed remains prepared to act as needed to aid economic growth. Bernanke used the term, “unusually uncertain” to describe the economic outlook. Traditionally, the FOMC would cut rates but with the Fed Funds rate at or near zero, he outlined how they could lower the amount interest paid on bank reserves, pushing money back into the economy via banks. Mortgages are selling off this morning on better than expected home sales data (-9.9% was expected, -5.1% was actual).
Save money, feel better and lower your medical bills – all at the same time! Find out how from guest contributor David Ning.
Livonia, Mich. – July 21, 2010 – One Reverse Mortgage LLC, the nation’s third largest reverse mortgage lender, today announced it will move its Livonia, [...]
Last week, the number of Americans applying for mortgages increased 19.5% when compared to the week prior, according to a report released today by the Mortgage Bankers Association (MBA). The study showed refinance applications rose 8.6 percent, and applications from those seeking to purchase a home increased 15.3 percent.
The market is relatively flat this morning ahead of Bernanke’s testimony to the Senate Banking Committee today. It is expected that Bernanke will be reiterating that rates will remain low for a while. In terms of economic releases, MBA’s mortgage application index came in higher at 7.6%, being that record low rates have boosted refinancing.