Foreclosures : The Last “Great Deal” In Housing Is Endangered

December 15, 2011

The number of foreclosed homes for sale is dwindling, yet buyer demand for them surges. Remember that highly-publicized, 25% discount for buying a bank-owned home? It’s about to go away. If you’re looking at foreclosures, here’s where to find them.

The 5-10 Properties Program Is For Investors With More Than 4 Properties Financed

December 14, 2011

Fannie Mae’s standard mortgage guidelines include its 5-10 Properties Financed Program. Yet, most banks won’t offer it to the public. If you’ve ever been turned down by your bank for having more than 4 properties financed, here’s what to do about it.

Mortgage Rates : Reacting To The Federal Reserve’s December 2011 Statement

December 13, 2011

The Fed stood pat today. No change in policy and no QE3. Wall St didn’t expect that. In response, mortgage rates have dipped to new lows. Act quickly, though. Low rates never seem to last very long.

After 5 Weeks Of “No Change”, Mortgage Rates Ready To Rocket Higher

December 7, 2011

The mortgage market is loaded up with 3 years of negative expectations. And, once those forces reverse, they’ll reverse quickly, sending mortgage rates soaring. It’s time to execute on that mortgage plan. Rates are poised to rise.

FHA Mortgage Rates Falling More Quickly Than Conventional Ones

December 5, 2011

There is a big advantage to “going FHA” these days — especially if you’re making a low downpayment purchase. FHA mortgage rates are lower than they’ve ever been as compared to conventional ones, and FHA mortgage insurance rates have yet to rise.

The Effect Of Low Mortgage Rates : A Sustained Housing Recovery Is Finally Underway

December 2, 2011

Maybe low rates matter after all. After months of near-4 percent mortgage rates, a bevy of housing data all points to the same conclusion — the housing market recovery is underway.

HARP Mortgage Applicants : Statistics, Demographics And Figures

December 1, 2011

Statistics, geography, and demographics of the HARP Refinance Program’s first applicant wave. Data includes Median LTV, Median Interest Rate, and Average Loan-to-Value.

The Case-Shiller Index : Flawed, Unreliable, And Down In September

November 30, 2011

The Case-Shiller Index reports that home values fell in September as compared to the month prior. The good news is that we can ignore its findings.

The “Zero-Closing-Cost Mortgage” : Killed By The U.S. Government

November 28, 2011

A pending mortgage policy renders loans less valuable to banks on the “back-end”. Expect to pay more on the front-end instead. Zero-closing-cost mortgages are history.

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