How To Get Home

There is some positive news coming out of Washington for a change. It seems as if the people in charge are starting to take the foreclosure situation serious. The exact details of the programs are being worked out, but here is the story on the effort to help those in trouble:
WASHINGTON (AP) — With foreclosures […]

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After barely moving for four days, mortgage rates jumped Friday morning after the release of the Employment report. The economy added 180K new jobs in March, far above the forecasts, and the figures for prior months were revised higher as well. The Unemployment Rate fell to 4.4%, below the consensus of 4.6%. […]

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You are going to hear a lot about MEW (mortgage equity withdrawal) in the coming months. The questions are how much if any home prices might fall and how that will impact the economy. Americans, by some accounts, have been using the equity in their homes like an ATM to finance cars, vacations, and other […]

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A combination of stronger than expected economic data and inflation warnings from the Fed pushed mortgage rates to the highest levels of the month. In a highly anticipated appearance, Fed Chief Bernanke testified before Congress on Wednesday that inflation is running higher than the Fed’s comfort level and that the Fed’s […]

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Stability in the stock market last week (as compared to the wild ride the week before) caused mortgage investors to return their focus to the economic data, and there were few surprises early in the week. Mortgage rates held steady through Thursday, as investors mostly remained on the sidelines ahead of […]

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