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This is a great article and wanted to share. Also Happy Valentines Day! When most people start shopping for a mortgage, the first thing they do is look for the lowest interest rate they can find. And that can get them into trouble. A low interest rate can save you money, obviously. But it's onl...
Mortgage rates may be near historic lows, but have jumped around somewhat in recent weeks. This has been perplexing to most people mulling a home purchase or refinance this spring. It's not always easy to pinpoint the cause of interest rate volatility, but much of it has to do with jittery cap...
Historically rates are still GREAT! http://www.freddiemac.com/pmms/pmms30.htm Enjoy the weekend everyone. I will be available through Saturday for any Pre-Quals/Scenario's but X'd Sunday off the calender for the Superbowl which should be an awesome game! -Tony :)
Higher unemployment numbers coupled with poor GDP results should help mortgage rates settle back down today. Call anytime for a custom quote 480-705-0199 Thanks and make it a great day!
Federal Housing Administration is raising premiums and taking other measures in order to bolster its capital reserves and reduce its exposure to risky loans. Government-insured mortgages are about to get more expensive. The Federal Housing Administration, which is the largest insurer of low-dow...
The sudden rise in interest rates to nine-month highs doesn't yet signal a turn, but that could change if Congress resolves the fiscal crisis hanging over the markets. With stocks hitting multi-year highs and economic data surprising to the upside, investors have been selling Treasurys — which...
I thought this was a great article about the top 50 things to do/see in Arizona and just wanted to share. http://www.azcentral.com/arizona-bucket-list/community/phoenix/50-things-to-do.html CUINAZ!
Lets Hope Not.. Several government agencies are reviewing data to determine what will be the minimum down payment required under the new Qualified Residential Mortgage (QRM) guidelines scheduled to be revealed in the next few months. In the original Mortgage Market Note issued by the FHFA, it was...
When the Treasury issued the Troubled Asset Relief Program (TARP) in October 2008, it designated $45.6 billion for mortgage-related programs.However, a little more than four years later, when a few of the non-mortgage TARP programs have drawn to a close, more than $40 billion in mortgage relief r...
I have been getting inundated with questions about all the new regulations and cross checks for loan applicants and if they are really necessary. My simple answer is YES and let me give you one example as to why. A few years back one of my loan officers took in a deal as a referral. It seemed s...