Author Archives: admin
5% Down Mortgage Payments
5% Down Payments are being offered by banks. Could this help increase mortgage applications? An important aspect for borrowers to know is the cost of the mortgage over the life of the loan. Check http://mortgagebiweeklycalculator.com/for a great way to calculate … Continue reading
Mortgage Rates Update from Mortgage Saver
The rise in the mortgage rates and prices have change the forecast for pending home sales. A quote from the NAR – “The National Association of Realtors said Monday that its seasonally adjusted pending home sales index dropped 5.6 percent … Continue reading
Foreclosure Rates Increase
News in from RealtyTrac.com & Nationalmortgageprofessional.com on the US foreclosure rate rises by 2%. The 2008 fallout can still be seen with foreclosures still on the horizon. Mortgage Saver and Bi Weekly Mortgage Calculator are tools to help ensure people … Continue reading
Mortgage News
Sales of homes dipped in September while the affordability of homes has fallen to a 5 year low as quoted by Lawrence Yun. The real effects of the #governmentshutdown will be seen as delays that had been felt will now … Continue reading
Government Reopens for Business
After a 16 day shutdown, business is now back to normal in Washington. Lets hope this delay won’t change the outlook of the economy. With the mortgage and real estate industry being major backbones to the economy we need … Continue reading
Mortgage Applications Go Flat
As the Government Shutdown goes on it effects the mortgage industry on the consumer and business side. With deals being negotiated over the debt ceiling in Washington the world waits and it is beginning to show in different areas of … Continue reading
Mortgage Rates Could Spike with US Default
More updates on the how the government shutdown and possible US default could effect the mortgage industry. As reported from Market Watch there are two days left to reach a deal otherwise the debt ceiling will be breached. It is … Continue reading
5 Mortgage Applications Get Denied
A quick read for the Monday back to work. 5 Reasons Mortgage Applications Get Denied from the Motley Fool. http://www.fool.com/investing/general/2013/10/13/5-reasons-mortgage-applications-get-denied.aspx
Mortgage Saver Update on Mortgage Rates
The average mortgage rate for 30 years stands at 4.23% up from 4.22% last week, the average 15 year fixed rate rose to 3.31% up from 3.29%. http://abcnews.go.com/Business/wireStory/average-us-30-year-mortgage-rate-423-pct-20529159
Tax Transcripts Slowing Down Mortgage Applications & More
News from Forbes Magazine: Over two million tax transcripts are processed a month by the IRS and are now being held up with the Government Shutdown. This delays loans for many people applying. http://www.forbes.com/sites/ashleaebeling/2013/10/09/federal-shutdown-crimps-mortgage-applicants-credit-card-seekers-and-job-hunters/