Monthly Archives: 2010年January

Mortgage Scenario for January 21, 2010

4.875% (APR 4.913%), 30-Year Fixed, $300,000 loan amount, 60% Loan-To-Value, Purchase or Refinance, Single Family Home, 740 FICO This is a generic purchase or refinance scenario where the borro......

Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive

Securing an FHA mortgage in IL is about to get more expensive. In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The sh......

Mortgage Scenario for January 20, 2010

3.75% (APR 3.583%), 5-Year ARM, $400,000 loan amount, 60% Loan-To-Value, Refinance – No Cashout, Single Family Home, 740 FICO This is a generic refinance scenario where the borrower has a......

There’s 100 Days Left To Claim The Homebuyer Tax Credit

November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program.  There’s 100 days left to claim it. The expiration date of the up-to-$8,000 tax credit......

Mortgage Scenario for January 19, 2010

3.875% (APR 3.590%), 5-Year JUMBO ARM, $630,000 loan amount, 70% Loan-To-Value, Refinance – No Cashout, Single Family Home, 700 Min FICO for Self-Employed This is a typical Jumbo refinanc......

What’s Ahead For Mortgage Rates This Week : January 19, 2010

Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound. ......

Explanation of “Rate Trend” Tweets

What’s this guy talking about? He’s constantly tweeting about “bps” and “Mortgage Bonds”…plus…minus…Treasury Auctions…Jobs ReportR......

RealtyTrac’s 2009 Foreclosure Report Gives Reason For Optimism

Like real estate, it appears that foreclosure activity is a local phenomenon, too. As reported by RealtyTrac.com, more than half of all foreclosure-related activity in 2009 came from just 4 s......

Mortgage Scenario for January 14, 2010

3.875% (APR 4.172%), FHA 5-Year ARM, $386,000 loan amount, 96.5% Loan-To-Value, Purchase, Single Family Home, 680 FICO, 1 Origination Point This is a pretty standard FHA purchase scenario where......

Retail Sales Dropped In December And Now So Are Mortgage Rates

Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck. Excluding motor vehicles and parts, De......

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