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Mortgage Applications Fall Despite Low Rates
by Clayton Closson on April 4, 2007 in Market Update
Mortgage applications were weaker last week as compared to the previous week. The housing market has suffered some setbacks recently, but will the future continue to weaken or will it stabilize?
Quicken Loans Crosses $2 Billion Milestone In Monthly Closing Volume: $2.1 Billion In Monthly Retail Home Lending Volume Closed During March 2007 Is All-Time Company Record And Most Closed Online In U.S. History
by brawson on April 3, 2007 in Press Release
250 new full-time hires each month fueling growth; New record strengthens company’s position as the #1 largest online retail lender in America. Livonia, Mich. – [...]
4 Reasons to Refinance Your Adjustable Rate Mortgage
by Clayton Closson on March 30, 2007 in Mortgage Rates
The mortgage industry is going through a rough time with sub-prime mortgages being constricted. Rates have not gone up, but they could at any time. Is this the right time to refinance your adjustable rate mortgage?
Purchase Applications See Slight Gain
by Clayton Closson on March 28, 2007 in Market Update
Home buyers are encouraged to take advantage of low long-term fixed rates as we enter the home buying season for 2007. The excess of unsold homes also makes for a favorable situation for buyers.
New Home Sales Dip Despite Low Rates
by Clayton Closson on March 26, 2007 in Home Sales
The report of new home sales was a bit contradictory compared to the existing home sales report. Sales of new homes were down a bit last month from January levels.
Low Long-Term Rates Drive Home Sales Higher
by Clayton Closson on March 23, 2007 in Home Sales
Sales of existing homes increased last month, compared to the previous month. Low long-term rates and the decision by the Fed to maintain the level of short-term rates is helping the housing industry along.
What Kind of Loan Should a First-Time Home Buyer Get?
by Clayton Closson on March 23, 2007 in Home Buying
Buying a home for the first time can be an overwhelming experience. It can be even more difficult if you have less-than-perfect credit. So what kind of mortgage should you get if you're a first-time home buyer with bruised credit?
Low Long-Term Interest Rates Spur Demand for Housing
by Clayton Closson on March 21, 2007 in Home Sales
Long-term interest rates remain at low levels. Homes are becoming more and more affordable for home buyers and many are also looking to build new homes. How long can this trend of favorable rates continue?
Fed Holds Rates Steady, But Takes Long Look at Housing
by Clayton Closson on March 21, 2007 in Market Update
The Federal Open Market Committee decided today to hold short-term rates steady for the sixth consecutive time.
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