Monthly Archives: 2010年June

Good News For Sellers : Housing Starts Fall To 1-Year Low In May 2010

Single-family housing starts plummeted to a one-year low in May, just 30 days after soaring to a 20-month high.  It’s no wonder home builders are confused. Against a revised April f......

Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week

If you plan to finance your Chicago home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.  Starting next week, Fannie Mae ......

Shopping And Paying Bills Online? Here’s Methods To Protect Your Online Financial Identity

In May 2010, Retail Sales at non-store retailers — a category that includes Amazon and eBay — topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an in......

What’s Ahead For Mortgage Rates This Week : June 14, 2010

Mortgage markets posted four good days last week and one awful one.  Unfortunately for rate shoppers in IL , that one bad day outweighed the gains of the other four and mortgage rates wor......

FHA Mortgage Insurance Premiums Approved To Triple In Cost

Starting sometime later this year, the monthly cost to carry an FHA-insured mortgage is expected to rise. In a near-unanimous vote, the House of Representatives gave the FHA power to raise th......

Bank Reposessions Reach Record Levels For The Second Straight Month

According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. As compared to May ......

Conforming Loan Costs Are Rising, Says Freddie Mac

Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-M......

Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

A new loan quality initiative from Fannie Mae is making it harder for Chicago home buyers and refinancing homeowners everywhere to close on a mortgage. Beginning June 1, 2010, with all new app......

What’s Ahead For Mortgage Rates This Week : June 7, 2010

Rate shoppers caught another break last week as mortgage markets improved on weak jobs data. The May Non-Farm Payrolls report fell well short of expectations while ongoing jobless claims rose.......

Chicagoans: Please take a look. Contact the CPD if you have any info. #Chicago #Bucktown

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