<!– –> This newsletter is compliments of: Eric M. Burgess Mortgage Consultant NMLS# 240240 Office: 707-526-6100 Cell: 707-508-5600 San Diego Direct: 619-238-2700 Thought of the month “A dream is your creative vision for your life in the future. You must break out of your [...]
Tag Archive | "Mortgage Rates"
Before it was known for long weekends, BBQ’s, family, camping and boating, let’s remember the true meaning behind memorial day and thank those who is serves. Memorial Day, which falls on the last Monday of May, honors the men and women who died while serving in the American military. Originally known as Decoration Day, it [...]
WASHINGTON – As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans. The upfront MIP [...]
The present today is slipperier to evaluate than usual for an odd reason: it is so similar to the turn of last year. Hardly anything has changed. Interest rates are the same, near 5.00% for mortgages, near 3.50% for 10-year Treasurys, both expected to rise last year as now. The lack of employment is the [...]
-In today’s market, many home buyers are attracted by the increasing number of foreclosed homes that are constantly becoming available in the market. Although foreclosed homes often present a great opportunity for buyers, foreclosed homes are not always the best option. There are many things that buyers need to consider before they decide to make [...]
THE MARKETS: Stocks have gained in five out of the last six weeks, and the Dow Jones Industrial Average closed above 11,000 for the first time in five months Friday. Bolstering results last week, Friday’s depressed jobs report lifted expectations that the Federal Reserve will soon step in to stimulate the economy yet again, and [...]
Today’s release of July employment data has vastly greater political consequences than economic or financial. Those consequences extend beyond elected officials to policy makers at the Fed, and inside the administration and out. Net of all the moving parts (census workers) and revisions (June minus 152,000), job creation is flat. A minor up-trend in [...]
