Posts Tagged ‘ first mortgage loans ’

On the surface, May's Pending Home Sales Index looks terrible for housing. And, if you're a seller, it just might be. But, if you're a buyer, the story reads differently. Just consider the market conditions.
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Mortgage rates move in response to hundreds of factors. Among the biggest influences on mortgage rates? Inflation.
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Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
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According to the government, 431,000 jobs were created in May, but of those new jobs, 95.4 percent represented temporary staffing for the 2010 Census. Home affordability is improving on the report.
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If you want to buy a home for yourself, by taking out a mortgage loan, you need to choose the right mortgage lender. Choosing the right mortgage lender is not less important than choosing the right house for you. Just like you have done in choosing your house, you should shop around for the best lender...
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The Federal Reserve says that financial markets "remain supportive of economic growth". Residential mortgage guidelines, however, continue to tighten. If you've applied for a home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things. The hard proof of the changes, however, can be found in...
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Friday’s bond market has opened in negative territory after this morning’s Employment report showed a sizable improvement in the labor market. The stock markets are closed today in observance of the Good Friday holiday, but the bond market will be open until noon ET. It is currently down 12/32, which will likely lead to...
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There's just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.
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As expected, Existing Home Sales fell in February, slipping 30,000 units versus January's numbers. It's the 4th straight month in which Existing Home Sales were lower, month-over-month. But it may not last long.
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In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers -- homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take...
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