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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?
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. – [...]
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?
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.
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.
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.
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?
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?
The Federal Open Market Committee decided today to hold short-term rates steady for the sixth consecutive time.