Mortgage Rates Rise For The 7th Straight Day

On February 9, 2011 By

Mortgage rates are rising. Homeowners have lost 10% of their purchasing power since November.

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30 Year v. 5/1 ARM

On February 8, 2011 By

The 30 Year Fixed has been the choice of borrowers for the past year or two.  The bad ARMs of the subprime world, those 2/28′s with the high adjustments, probably helped push us all towards a fixed-friendly state of mind.

In the past few months, we’re now seeing a historically huge gap between the [...]

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Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now

On February 8, 2011 By

If your ARM is due to adjust this spring, your best move may be to let it. Don’t rush to refinance — your rate may be adjusting lower.

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What’s Ahead For Mortgage Rates This Week : February 7, 2011

On February 7, 2011 By

Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.

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Unemployment Rate Drops To Lowest In 2 Years

On February 4, 2011 By

This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. Mortgage rates are rising in response.

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Mortgage Guidelines Starting To Loosen?

On February 3, 2011 By

Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.

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Practical Advice : How To Help Your Home Sell Faster

On February 2, 2011 By

Home sellers that want to sell quickly should take a listen to this 3-minute interview from NBC’s The Today Show. It’s loaded with practical advice.

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Pending Home Sales At The Highest Levels Since April 2010

On February 1, 2011 By

Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®

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What’s Ahead For Mortgage Rates This Week : January 31, 2011

On January 31, 2011 By

Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall.

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New Home Sales Reach 8-Month High

On January 28, 2011 By

The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise.

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