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Cash out refinances making a comeback 21 Aug 2013 | 10:10 pm
For the few years following the housing market crash in 2007 cash out refinances became a rarity. First, the number of homeowners with enough equity to get cash out dropped dramatically. Second, lende...
The FHA shortens waiting period after bankruptcy or foreclosure to one year 17 Aug 2013 | 10:55 pm
The FHA announced yesterday that it will shorten the waiting period requirements for borrowers who declared bankruptcy or lost a home to foreclosure or a short sale. This is big news for borrowers who...
Mortgage interest rates threatening to move higher — get started on that purchase or refinance now 16 Aug 2013 | 11:24 pm
With the possibility of the Fed pulling back on it’s “QE3″ stimulus program looming, mortgage interest rates are poised to bounce higher again soon. The Fed has been compressing interest rates since 2...
President Obama gives hope for possible HARP 3 8 Aug 2013 | 04:39 am
In a roundtable discussion with the folks over at Zillow today, President Obama gave some hints that HARP 3.0 might still be a possibility. We get the following quotes from a recent HousingWire articl...
Housing values expected to continue to gradually increase 5 Aug 2013 | 12:06 pm
In the first half of 2013 housing values all across the US were rapidly increasing. Some of the hardest hit markets like Phoenix and Sacramento saw especially large jumps in housing values. The rate o...
Editorial: Why an ARM (adjustable rate mortgage) might make sense 24 Jul 2013 | 11:12 pm
When the housing bubble burst in 2007 the reputation of adjustable rate mortgages (ARMs) took a beating. The problem then was too many borrowers who were intending to sell their homes in 5-10 years be...
More Bernanke comments help push mortgage rates lower again 17 Jul 2013 | 09:22 pm
It appears the Fed Chairman has had enough of people reading his mind. For the last couple of months markets have been betting that the Fed was planning to stop pouring so much money into the system s...
Chairman Bernanke’s comments help reduce mortgage interest rates 13 Jul 2013 | 12:11 am
Mortgage interest rates temporarily spiked over the 4th of July weekend in reaction to better than expected jobs numbers. Then earlier this week Federal Reserve Chairman Ben Bernanke gave a speech in ...
After a spike earlier this week, mortgage interest rates improving again 29 Jun 2013 | 12:11 am
The mortgage markets didn’t take Fed Chairman Ben Bernanke’s comments last week well. After Bernanke said that if the economy continued to recover the Fed would like to start tapering off its $85 bill...
Housing prices increasing and rates still low 27 Jun 2013 | 05:56 am
Housing prices are increasing all across America in 2013. That is good news for sellers and buyers. For sellers, it is obviously good news because they can make more on their home sale. But for buyers...
