Monthly Archives: 2010年January

Home Values Rose In November 2009 By Another 0.7 Percent

Reporting on a two-month lag, the government said home values rose 0.7 percent in November.  National home prices are at their highest point since February 2009. But before we look too much i......

Mortgage Scenario for January 28, 2010

5.00% (APR 5.029%), 30-Year Fixed, $400,000 loan amount, 80% Loan-To-Value, Refinance – No Cashout, Single Family Home, 740 FICO This is a generic refinance scenario where the borrower ha......

A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has contin......

A Rate-Locking Strategy Ahead Of The Fed’s Meeting Today

The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It’s the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at ......

Mortgage Scenario for January 26, 2010

3.875% (APR 3.493%), 5-Year ARM, $250,000 loan amount, 75% Loan-To-Value, Purchase or Refinance, Single Family Home or Condo, 740 FICO This is a generic purchase or refinance scenario where the......

Existing Home Sales Plummet In December, But It Was Expected

Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though.......

Mortgage Scenario for January 25, 2010

4.375% (APR 4.440%), 15-Year Fixed, $300,000 loan amount, 60% Loan-To-Value, Refinance – No Cashout, Single Family Home or Condo, 740 FICO This is a generic refinance scenario where the b......

City of Chicago Property Tax Relief Program

The City of Chicago is offering a one-time Real Estate Tax Relief Grant of up to $200. The Grant is based on your income level and amount of tax increase from previous year. Click on the banner......

What’s Ahead For Mortgage Rates This Week : January 25, 2010

Conforming and FHA mortgage rates improved last week on the combination of weaker-than-expected economic data and new anti-banking rhetoric from the White House. The S&P 500 shed nearly 4 ......

Housing Permits Spike For The Second Straight Month

A “Housing Start” is a privately-owned home on which construction has started. It’s an important gauge of housing health because it tracks new housing stock nationwide. In De......

Switch to our mobile site