Monthly Archives: November 2011

Mortgage Market Update

Posted ago by Cary Cox

ShareHere is a quick weekly summary of the mortgage market for this week and what may affect prices in the mortgage market this week from our lending partner NYCB. It seems the mortgage market and mortgage rates will be dominated …

Mortgage Rates Help Housing Numbers

Posted ago by Cary Cox

ShareAmerican bought more homes last month than previously expected by the forecast of a consensus of economist across the financial sector.  The government reported that October sales of existing homes was up by over one percent when the expectation of …

Advantages of Having a Mortgage

Posted ago by Cary Cox

ShareThere is good and bad debt. Bad debt is credit-card debt resulting from making purchases that allow you to live beyond your means, though at a steep price. That price is being saddled with debt that can decades to pay-off …

FHA Mortgage Bailout

Posted ago by Cary Cox

ShareThe federal government has already made bailouts to mortgage giants Fannie-Mae and Freddie-Mac in excess of one hundred sixty-five billion dollars and it now appears that the agency, FHA, that insures mortgages insured by the government may need as much as forty-three …

Mortgage News Here & There

Posted ago by Cary Cox

ShareLots of happenings around the world regarding business and economic news that can effect mortgage rates. We have to remember that we are in a global economy and the rate of your mortgage can be effected by economic or geo-politcal …

Mortgage America or Rental America

Posted ago by Cary Cox

ShareLately there has been a lot of talk about how the United States of America is transitioning from a country of home-owners with a mortgage to a nation of renters that are mortgage free. In fact Morgan Stanley recently released …

Check Your Credit Before You Look For a Home

Posted ago by Cary Cox

ShareBefore starting the home buying process you should always check your credit report for erroneous information. Why? Two reasons – first at any time more than half of the nation’s population has incorrect information on their credit report. Second, if …