Monthly Archives: 2010年March

Single-Family Housing Starts Hold Steady For The 8th Straight Month

Single-family Housing Starts idled last month, dropping just 3,000 units from the month prior, or 0.2%. According to the Commerce Department’s report, February marked the 8th straight mo......

Mortgage Scenario for March 16, 2010

4.875% (APR 4.904%), 30-Year Fixed, $400,000 loan amount, 60% Loan-To-Value, Refinance – No Cashout, Single Family Home or Condo, 740 FICO, 0 Points This is a generic refinance scenario w......

A Simple Explanation Of The Federal Reserve Statement (March 16, 2010 Edition)

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. econ......

A Rate-Locking Strategy For Today’s Fed Meeting

The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year.  The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since De......

What’s Ahead For Mortgage Rates This Week : March 15, 2010

Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average. FHA a......

How To Refinance When Your Home Is Underwater

The Federal Housing Finance Agency has extended the government’s Home Affordable Refinance Program by 12 months. HARP’s new end date is June 30, 2011. Originally known as Making Ho......

Foreclosures Per Capita | February 2010

According to foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 12th straight month last month as 1 in every 418 U.S. homes received a foreclosure filing. ItR......

“Dale Bail” at The Gorge

I’ve windsurfed several times at The Gorge in Hood River, Oregon, but I’ve never seen anything like this…

Don’t Rush To Refinance That ARM — It May Be Adjusting To 3 Percent Or Lower

If your mortgage is set to adjust this year, the smart move may be to let it. Today’s conforming mortgages are adjusting lower than ever before — as low as 3 percent.  It may not ......

What’s Going On with Jumbo Mortgages???

An Introduction: We have all heard about the Mortgage Meltdown that started in early 2007.  And we know about the Housing Bust with values plummeting and waves of foreclosures.  We watched the ......

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