6 Ways To Shop For A Refinance
Reposted from thestreet.com | BY HSH.com While the essential elements of shopping for a mortgage are the same for a purchase or refinance, the refinancing process usually starts with a decision to either improve your cash flow or change your debt profile, says Russ Anderson, a centralized sales executive with Bank of America in Los [...]
5 Housing and Mortgage Trends To Get Ready For This Spring
Reposted from businessinsider.com | Polyana da Costa, Bankrate.com Homeowners who endured years of declining home values will discover that the game has changed in their favor. With low mortgage rates and home prices gaining momentum, an increasing number of buyers are expected to shop for homes this spring. The good news for sellers: The inventory of homes for sale [...]
Mortgage Rates Slip To New, Lifetime-Lows After May 2013 FOMC Statement
By Dan Green | Reposted from themortgagereports.com Mortgage rates are dropping as the Federal Open Market Committee (FOMC) adjourns from its third meeting of the 2013. In its post-meeting press release, the Fed described the U.S. economy as expanding “at a moderate pace” over the past six weeks, buoyed by strengthening housing and labor markets. [...]
Applying For A Mortgage While Fixing Your Credit
By Dan Green | Reposted from themortgagereports.com Your credit score is a number meant to score your history of “borrowing money”. However, a February 2013 study from the Federal Trade Commission (FTC) found that 20% of U.S. consumers have at least one documented error in their active credit history, with a quarter of those errors [...]
Mortgage Rates: 30-Year Fixed Rate Slips To 3.54%
By Dan Green | Reposted from themortgagereports.com Conforming mortgage rates slipped this week as the Refinance Boom continues. According to Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS), a poll of more than 100 banks nationwide, the average 30-year fixed rate mortgage rate fell 3 basis point to 3.54% this week. The rate is available [...]
How To Boost Your Credit Score When Applying For A Mortgage
By Dan Green | Reposted from themortgagereports.com Ultra-low mortgage rates have sped up the housing market’s recovery during the last year, with home sales and home prices both on the rise. During the third quarter of 2012 alone, $521 billion in new mortgages appeared on consumer credit reports, marking the fourth consecutive increase in mortgage [...]
Brian Cavanaugh Featured on Curbed’s Ask a Mortgage Banker
Take a look at this post from Curbed University. I’ll be answering your questions next week! Curious about borrowing to buy that dream home in the Hub? Wondering what it all entails beyond the credit check? Well, clear the confusion and get some answers with our upcoming Asking a Mortgage Banker… feature, part of our [...]
Vital Signs Chart: Mortgage Rates Still Near All-Time Lows
Reposted from the Wall Street Journal | By Brenda Cronin Mortgage rates continue to plumb historically low levels, on the threshold of the industry’s key spring home-sales season. The rate on a 30-year fixed-rate mortgage ticked down to an average of 3.54% in the week ended on March 21 from 3.63% the previous week. That [...]
Spring Real Estate Forecast Looks Bright
By WBZ-TV Chief Correspondent Joe Shortsleeve | Reposted from CBS Boston BOSTON (CBS) – Spring is the busiest season in the real estate market, and this year is shaping up to be red hot. Homes are going under agreement at lightning speed which is good news for sellers like Kerri Ann Richard of Watertown. She listed [...]
WEDNESDAY UPDATE: 03/20th
Today’s FOMC adjournment and economic projections yielded little surprises. The meeting adjourned with no change to key short-term interest rates and the Fed outlook on the economy is slightly weaker than previously estimated. Their prediction for Gross Domestic Product (GPD) growth is now between 2.3% and 2.8% while they believe that the U.S. unemployment rate [...]
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