Archive for December, 2007
Mortgage applications dip during the holidays
Have you seen the rates lately? I still consider anything under 8-10% to be a bargain. We might not see the 3-4% days for a while, but look back many years and you’ll see 8%, 10%, 12%, and even higher! Here’s some recent information that I found….The Mortgage Bankers Association announced […]
Housing starts decline, rates still at 2-year lows
It seems as though I find valuable new mortgage information far more often than I ever expected when I started this blog. Let me know if this information was helpful…The U.S. Census Bureau and the Department of Housing and Urban Development announced today that the number of privately-owned housing starts decreased in November.
Does the Fed rate cut affect your mortgage rate?
Does having bad credit mean that you can’t get a loan? Of course not! Does it mean that you might have to put a little more effort into obtaining a loan? Maybe. Either way - you need to start somewhere and this may help your decision…The Federal Reserve lowered the Fed funds […]