Quicken Loans Capital Markets Update for May 11, 2009. Fed Chairman Ben Bernanke kicks off a busy week of economic news with today’s discussion of the financial crisis.
Quicken Loans mortgage news. “It's a buyer's market! Buy now and get the first time home buyer tax credit! Best time to buy a home, EVER!” Over the past few months you've heard the buzz circulating. So what's fueling this push to buy a home? What makes this the best time ever? Here, let's go over the top reasons to buy a home now.
Everyone with an FHA loan should contact a mortgage professional to find out how much they could lower their mortgage rate and mortgage payment with the FHA Streamline program. This is a great opportunity to take advantage of the government’s efforts to stabilize the housing marketing.
Speed…efficiency…responsiveness…three qualities all very important to me. Even more so as my husband and I buy a second home/investment property in Florida. Fortunately, Quicken Loans [...]
Quicken Loans Mortgage Update. Last week, the number of Americans applying for mortgages increased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
Quicken Loans housing and mortgage market update. In this morning's economic news, US mortgage applications rose 2% last week. Purchase applications led the way rising 5% while refinance activity increased by 1.2% as borrowing cost remained near historic lows. The ADP employment report says that US companies cut an estimated 491,000 workers from payrolls in April. The drop was smaller than economists forecast and the fewest since October.
Quicken Loans Housing and Mortgage Market Update. Treasury prices are little changed this morning as the 10 year yield continues to hover around a 5 month high, ahead Treasury's quarterly refunding operation. Today, the Treasury will sell $35 billion in 3 year notes to kick off this quarter's refunding operation. The market will keep a close eye on Fed Chairman Ben Bernanke's speech before the Joint Economic Committee today, looking for any hints on whether the Fed might boost the size of its Treasury and mortgage security purchase programs.
Quicken Loans Housing Market Update. This week the market will focus on the Treasury's long-awaited stress tests of the leading banks, Friday's April employment report and a smattering of big corporation financial results. In today's economic news, March pending home sales are expected to be unchanged following February's 2.1% rise, as lower prices continue to attract buyers.
Quicken Loans Housing Market Update. Mortgage and Treasury bonds continue their sell-off this morning as signs of an economic recovery have encouraged investors to increase their risk appetite. Today's economic calendar is fairly active, with reports including consumer confidence, factory orders and ISM manufacturing data. Economists expect these numbers to show continuing signs of improvement.
Yesterday, Quicken Loans Chief Economist Bob Walters was featured in an extremely informative article on bankrate.com. Walters explains how the Fed Funds Rate affects (or doesn't affect) mortgage rates.