Mortgage Advice – Make Sure You Get the Best
Tuesday, September 29th, 2009Looking for a mortgage can be a bewildering affair. As the market grows, it gets more and more compl
Are the Creditors Winning?
Tuesday, September 29th, 2009Oh, how I wish I audio-taped the last hour and half! No one would believe this phone call. I am exha
Mid-Day Recap: Equities Close to Erasing All of Last Week’s Losses
Monday, September 28th, 2009US equities were quick out of the gate on Monday morning. In just a few hours stocks have came close to erasing all of last week’s losses. As of 1pm, the NASDAQ is trading 2.16% higher at 2,136, the Samp;P 500 is up 1.74% to 1,063, and the Dow is up 1.42% to 9,802….(a href=”http://www.mortgagenewsdaily.com/09282009_equities_soar.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=109610″ width=”1″ height=”1″
Rates For September 28, 2009
Monday, September 28th, 2009Conforming Rates at Par
30 years Fixed
4.75%
20 years Fixed
4.75%
15 years Fixed
4.125%
The Week Ahead: Employment, Home Prices, Income, Manufacturing
Monday, September 28th, 2009Markets are looking optimistic this morning ahead of an insanely busy week. Monday begins slowly with no major macroeconomic data on the schedule, but later in the week are key industry surveys, the monthly employment numbers, critical spending figures, plus housing prices and a variety of speeches from the Federal Reserve Board.
The Samp;P 500 dropped a heavy 2.2% last week, and moves in either direction could be even more dramatic this week, if data surprises….(a href=”http://www.mortgagenewsdaily.com/09282009_employment_home_prices_incom.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=109561″ width=”1″ height=”1″
How can a Mortgage Calculator Help?
Monday, September 28th, 2009Taking out a mortgage is a very serious step, both financially and emotionally. After all, your bigg
Friday Market Update for 9/25/2009
Friday, September 25th, 2009Happy Friday:
The majority of the market data was positive for the week. The Leading Economic Indic
Mid-Day Recap: Data Disappoints. Stocks Weaker for Third Straight Session
Friday, September 25th, 2009Weak orders for durable goods and a soft advance in new home sales have contributed to a lackluster performance in equity markets today. While a boost to consumer sentiment was able to help stocks recovery from a disappointing open, the gains were temporary.
As of 1:00pm, all three indexes appeared to be ending the week on a low note. The NASDAQ is down 0.94% to 2,087, followed by a 0.82% decline in the Samp;P 500 to 1,042 and a 0.58% slide in the Dow to 9,652….(a href=”http://www.mortgagenewsdaily.com/09252009_mid_day_recap_new_home_sales.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=109342″ width=”1″ height=”1″
New Home Sales +0.7% in August. Regional Results Mixed
Friday, September 25th, 2009New home sales increased for the fifth straight month in August, but the 0.7% gain didn’t match the median estimate of +1.6%. The annual pace of sales is now 429,000, or 3.4% below the August 2008 rate.
Not only were sales lower than expected, they were also so lopsided that only one of the four areas even experienced growth. Sales in the West jumped 12.1%, but sales fell 16.3% in Northeast and 5.8% in the Midwest, while activity in the South was flat….(a href=”http://www.mortgagenewsdaily.com/09252009_new_home_sales.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=109325″ width=”1″ height=”1″
Good News about Interest Rates
Friday, September 25th, 2009In a move to keep interest rates low, the Federal Reserve announced that it will continue to purchas
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