FHA Interest Rates & the FOMC Meeting

On March 16, 2010 By

However, no change to the Fed Funds Rate doesn’t always mean no change in FHA interest rates.

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FHA Mortgage Rate Predictions | This Week | March 15, 2010

On March 15, 2010 By

The FHA interest rate lost ground last week for the first time in March.

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Foreclosures Per Capita

On March 11, 2010 By

According to foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 12th straight month last month as 1 in every 418 U.S. homes received a foreclosure filing.

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$8,000 Tax Credit Ends In 7 Weeks

On March 9, 2010 By

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 advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.

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FHA Mortgage Rate Predictions | This Week | March 8, 2010

On March 8, 2010 By

FHA Mortgage Rate Predictions | This Week | March 8, 2010

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FHA Loan Rates & The Jobs Report

On March 4, 2010 By

FHA loan rates have improved over the past few weeks, but tomorrow’s jobs report could send them much higher.

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Existing Home Sales Dip Again, But Stay True To Trends

On March 2, 2010 By

After a big drop of 17% December, the January Existing Home Sales report yielded a 7% slide. An “existing home” is a home not being resold by a previous owner. It essentially excluded only new construction.

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FHA Mortgage Rate Predictions for Week of March 1, 2010

On March 1, 2010 By

The FHA interest rate improved last week pushed rates to their lowest levels since early February.

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The Home Price Index Shows Some Regions Up, Some Regions Down

On February 26, 2010 By

Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by 1.6 percent nationally in December. And that’s an average, of course. Some regions performed well in December as compared to November, others didn’t.

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Home Supply Indicates A Few Extra “Good Deals”

On February 25, 2010 By

New Home Sales dropped last month by 11% and hit the lowest levels in the 47 years that the index has been tracked.

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