Agent Genius had a great article yesterday discussing how Oklahoma is the first state to receive settlement checks from illegal mortgage foreclosures The payments Oklahomans are receiving are up to 20 times what the rest of the nation is receiving. Here is that article: Why is Oklahoma the first state that illegal foreclosure victims […]
The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn’t much there to disturb mortgage markets, thankfully.
November marked the first time since February 2009 that the number of monthly foreclosures filings failed to surpass 300,000 units.
Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.
Mortgage rates are moving quicker than the news can accurately report them. This week’s Freddie Mac mortgage rate survey is an excellent example.
Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.
Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.
Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.
With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending.
Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.