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Tag Archives | Quicken Loans
Things to know when buying a foreclosed property
by Clayton Closson on November 2, 2007 in Homeowners Tips
Federal Reserve cuts fed funds rate quarter point
by Clayton Closson on October 31, 2007 in Market Update
For the second consecutive meeting, the Federal Reserve Open Market Committee dropped short term interest rates.
Home for the holidays, updates that increase value
by Clayton Closson on October 26, 2007 in Homeowners Tips
Planning for the holidays can include welcoming guests in your home. For many, this means getting your home in order and that might include some light remodeling.
New home sales rebound, long term rates still low
by Clayton Closson on October 25, 2007 in Home Sales
Sales of new, single-family homes bounced back in September after hitting a seven-year low in August, as reported by the U.S. Census Bureau and the Department of Housing and Urban Development.
Existing home sales down. Fed rate cut urged.
by Clayton Closson on October 24, 2007 in Home Sales
Existing home sales at 8-year low according to the National Association of Realtors. Federal Reserve to meet next week.
October sets record for ARMs adjusting
by Clayton Closson on October 19, 2007 in Market Update
According to CNNMoney.com, $50 billion in adjustable rate mortgages will reset in October 2007, driving interest rates up. Some may jump as much as 50%.
Bill HR3648. The Senate-bound phantom income bill
by Clayton Closson on October 12, 2007 in Market Update
In a move to relieve some of the burden that faces homeowners filing for foreclosure, the US House of Representatives voted to remove a tax penalty known as phantom income tax.
Mortgage Applications Move Higher on FHA Loans
by Clayton Closson on October 10, 2007 in Market Update
The Mortgage Bankers Association announced this morning that applications for mortgage loans jumped 2.4 percent last week when compared to the week prior.
FHA Loan refinance upswing may be on the horizon
by Clayton Closson on October 3, 2007 in Mortgage Rates
Mortgage activity tumbled for the second straight week, according to a survey released today by the Mortgage Bankers Association (MBA). Quicken Loans Chief Economist Bob Walters says purchase activity is indicative of recent housing trends, but an upswing in refinance activity is likely ahead.
New Home Sales at Seven Year Low
by Clayton Closson on September 27, 2007 in Home Sales
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in August dipped 8.3 percent. Bob Walters, chief economist at Quicken Loans says the drop in home sales is not totally unexpected, given the recent turmoil affecting the mortgage industry.
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