Housing Market News: Listed Inventory Grows at End of March

Posted on 4/22/2013 @ 7:41 PM in #Finance by mortgages 0 comments

At the end of March the supply of housing had actually increased month-over-month moving up 1.6% to tally 1.93 million existing-homes for sale...read more mortgage rate news

Existing Home Sales Fall Slightly In March

Posted on 4/22/2013 @ 7:40 PM in #Finance by mortgages 0 comments

With inventory levels continuing fall on a nationwide scale over the past few months, we may start to see an adverse effect on the bolstering housing market. Withmortgage ratescontinuing to remain low, Americans have had, and still have the opportunity to lock in low, affordable financing...read more mortgage rate news

Impressive Housing Growth Shown in First Quarter of 2013

Posted on 4/22/2013 @ 7:38 PM in #Finance by mortgages 0 comments

Despite many daily fluctuations inmortgage ratesand other markets, the first three months of 2013 showed significant improvements in the national housing market. Potential home-buyers have had, and still have, opportunities to apply for affordable mortgage rates...read more mortgage rate news

Home Prices Helped by Low Home Supply

Posted on 4/22/2013 @ 7:36 PM in #Finance by mortgages 0 comments

When demand is high and supply is low, prices will increase for that service or product.Mortgage rateshave remained low making this the perfect time to go into a refinancing or first-time mortgage. The rising demand combined with the low supply of homes has kept home prices aloft...read more mortgage rate news

Mortgage Rate News: Mortgage Rates Start Week Steady

Posted on 4/22/2013 @ 7:35 PM in #Finance by mortgages 0 comments

Mortgage rates did not change much on Friday, but were better in general that whole week. Freddie Mac's Primary Mortgage Market Survey shows the average rate of a 30-yr fixed-rate mortgage to be 3.41%, a three-month low...read more mortgage rate news

Mortgage Rates in California as of 4/19/2013

Posted on 4/22/2013 @ 7:31 PM in #Finance by mortgages 0 comments

Throughout the week ending Friday, April 19, there was little change inmortgage ratesin California. The 30-year fixed-rate mortgage is being offered with the low interest rate of 3.375%, and the common FHA 30-year fixed-rate mortgage is even lower at 3.250%, still unchanged...read more mortgage rate news

4 Steps to Help you Buy a your First Home

Posted on 4/10/2013 @ 4:01 PM in #Finance by mortgages 0 comments

Withmortgage ratesstill very low and the economy improving steadily every week many people should be thinking about buying their first home during the traditional spring home-buying season. Unfortunately, most of the people who will be buying their first homes will know nothing about buying a home, therefore the list below is designed to help new home buyers better navigate the ins and outs of home-buying...read more mortgage rate news

Housing Market News: Consumer Confidence Remains High

Posted on 4/10/2013 @ 4:00 PM in #Finance by mortgages 0 comments

Even with an overabundance of rumors and worries and government concerns, the housing market has retained the faith of consumers across the nation. According to Fannie Mae's March 2013 National Housing Survey, consumers remain confident in the general direction of the U.S. housing market...read more mortgage rate news

Refinance Successfully with these Helpful Approaches

Posted on 4/10/2013 @ 3:57 PM in #Finance by mortgages 0 comments

While foreclosure activity has dropped over the past several months, there are still many Americans that have trouble with mortgage payments. In an effort to avoid foreclosure and keep their homes, these people should take advantage of today's lowmortgage ratesand refinance. However, you have to be well-informed about refinancing and following the guide below will help you to become well-informed...read more mortgage rate news

New Refinance Opportunities Possible with Proposed Changes to HARP

Posted on 4/10/2013 @ 3:57 PM in #Finance by mortgages 0 comments

The Home Affordable Refinance Program'sobstructions should be coming down thanks to the Responsible Homeowner Refinancing Act of 2013...read more mortgage rate news

Mortgage Rates News: April 10, 2013

Posted on 4/10/2013 @ 3:56 PM in #Finance by mortgages 0 comments

Mortgage ratesincreased slightly this morning thanks to a sell off caused by a the most recent wave of FOMC Minutes. While the Minutes were releasedin very unorthodox way, neither that nor the contents indicate that quantitative easing programs have endangered at all. The markets still became pretty nervous thanks to some hints of tapering off in the Minutes to merit a sell-off...read more mortgage rate news

Avoid these Remodeling Mistakes to Improve Home Values

Posted on 4/9/2013 @ 10:58 AM in #Finance by mortgages 0 comments

Withmortgage rateslow and and refinancing saving people money, it is a good time to add value to your home with a remodeling job. However, it is important that you do this right and avoid some very costly mistakes...read more mortgage rate news

Fannie Mae Post Record-Breaking Profits for 2012

Posted on 4/9/2013 @ 10:57 AM in #Finance by mortgages 0 comments

In the housing market's darkest hour, Fannie Mae reported a net income of $17.2 billion, the largest the institution has ever seen. The question of "how" has been asked and the answer is simple, sticking to the business fundamentals and adjusting business policies to fit the scenarios. Lending aid to many underwater Americans has also helped them reach this profit level...read more mortgage rate news

Mortgage Rates in California

Posted on 4/9/2013 @ 10:57 AM in #Finance by mortgages 0 comments

The state of California reported rates for 30-yr fixed-rate mortgages between 3.375% and 3.625%, based on the lender as well as the borrower. Other rates that have been reported in California are 2.750% a month ago, and a few between 3.275% and 3.500%, it is important to mention that almost all California mortgage quotes have been below the national average of 3.750%...read more California mortgage rate news

The Ins and Outs of Refinancing

Posted on 4/9/2013 @ 10:56 AM in #Finance by mortgages 0 comments

In light of all the improvements and the recovery and the still-lowmortgage rates, more people are getting on the refinancing bandwagon. Whether they are trying to avoid foreclosure or simply trying to save money; refinancing seems to be the way to go these days. And not a moment too soon either as the Mortgage Bankers Association predicts that mortgage rates will rise throughout 2013...read more about refinancing your mortgage

Save More Money with a Short Term Mortgage

Posted on 4/5/2013 @ 2:21 PM in #Finance by mortgages 1 comments

While choosing a 30-yr fixed-rate mortgage will save a person a couple hundred each month in payments, in the long run a short term mortgage could save you thousands in interest. Yahoo Homes says purchasing a $250,000 home using a 15-yr FRM could save a person more than $100,000 using interest rates from February 13, 2013...read more mortgage rate news

New York Home Sales Dip in March

Posted on 4/5/2013 @ 2:20 PM in #Finance by mortgages 0 comments

Althoughmortgage ratesare still low, making homes more affordable throughout the month of March, home buying plans in the state of New York dipped slightly in March. Consumer home buying plans fell by 0.3 points and consumer confidence fell 2.8 points according to the most recent poll from the Siena Research Institute...read more mortgage rate news

March Ends with Fourth-Month High in Jobless Claims

Posted on 4/5/2013 @ 2:19 PM in #Finance by mortgages 0 comments

Despite improvements in employment, jobless claims increased at the end of March which will have an impact on the spring home-buying season, although what kind is up for speculation. Mortgage rates have been kept low by the Fed until the jobless claims situation hits a certain mark. The more people are out of work, the longer they will be kept low...read more mortgage rate news

Despite Home Prices Continuing to Rise, Mortgage Applications Decrease

Posted on 4/5/2013 @ 2:18 PM in #Finance by mortgages 0 comments

Mortgage application activity fell during the week ending March 29. There has been a lot of improvements made during this week, so, possibly, the only reason for this recent development could be the changes made by the Federal Housing Administration...read more mortgage rate news

Mortgage Rates for April 4, 2013

Posted on 4/5/2013 @ 2:18 PM in #Finance by mortgages 1 comments

Wednesday was a good day for Mortgage Backed Securities which had another session of regrouping after the poor employment data and an ISM non-manufacturing report that did not live up to expectations, and that regrouping continued into yesterday morning. The soft economic data that has been coming in this week has been good for mortgage rates. The weekend will bring even more improvement should today's data follow the trend...read more mortgage rate news