Despite all the economic doom and gloom, many homeowners are taking advantage of historic low rates by refinancing mortgages. Today, homeowners are eager to refinance and capitalize on low fixed rates. Many homeowners fear future interest rate increases on their adjustable rate or simply getting locked out due to tightening credit. No matter what the...
Learn MoreThe “Great Recession” is over!? Just the other day the Federal Reserve announced the economy “shows widespread signs of slowing”, particularly along the East Coast and Mid Western regions. These announcements come as mortgage rates are at record lows, a glimmer of light for some homeowners looking to refinance or attain a mortgage. Yes, people are buying! Factor in the...
Learn MoreWhy shopping for a loan shouldn’t hurt your credit score–and other myths debunked. Mortgage shoppers hear many strange tales about the home loan-shopping process. Here are 6 common myths about shopping for a mortgage and the facts you should know: Myth: Shopping for a mortgage loan will hurt your credit score. Fact: Credit scoring companies know most people want to...
Learn MoreToday the uber-important nonfarm payroll report was issued by the Bureau of Labor Statistics. For a change, the report was good*. The economy added 151,000 jobs in October, well above the consensus predicted increase of 60,000 jobs. Unemployment remains high at 9.6 percent. *This report is really only good in comparison to the last couple of reports. A more accurate...
Learn MoreIt is commonplace that the party in power will lose seats during mid-term elections. If the pollsters and pundits are correct, Tuesday might bring a fair sea change to Washington The first two years of the present administration have featured sweeping changes to a number of areas near and dear to the mortgage and housing markets, from the distorting effects of homebuying...
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Mainstream Funding Network
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