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Category Archives: Mortgage Trends
Are your buyers using a USDA Rural Housing Loan? Act fast!
October 1st, 2011. Remember this date. On this date, one of the key features of a USDA Rural Housing home loan will change. You see, currently a USDA loan carries no monthly mortgage insurance. Much like a VA loan, the … Continue reading
Posted in Mortgage Trends, USDA
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100% Financing for USDA loans in Arizona and California
Unless you’re a qualified veteran, the days of 100% financing in Arizona and California are pretty much unheard of. However, there is this little kept secret called USDA Rural Housing program that allows 100% financing. What does this mean for … Continue reading
Posted in Mortgage Trends, USDA
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TenDayClose.com and Academy Mortgage: Why we made the move.
Recently our team made a move over to, what I would consider, our chief competitors. The old saying goes, “if you can’t beat ‘em, join ‘em”. …and we did. Academy Mortgage is home to Ten Day Close, and is the … Continue reading
Posted in Mortgage Trends
Tagged Academy Mortgage, arizona home loans, Arizona Real Estate, TenDayClose.com
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More FHA Changes on the Horizon
Today FHA announced new policy changes in respect to a strengthening of their finances and risk. In order to provide homeownership opportunities for millions of Americans, they will need to increase their capital reserves. They will also need to change … Continue reading
Posted in FHA, Mortgage Trends
Tagged Arizona, FHA, FHA Down Payment, First Time Home Buyer, Guidelines, Home Loan, Home Loans, HUD, mortgage, phoenix
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What’s Ahead For Mortgage Rates This Week : December 21, 2009
Mortgage markets improved last week as pricing followed a roller coaster-like pattern. After touching a 6-week high Tuesday, rates rallied to weekly lows Thursday, and then jumped back higher Friday. Despite the improvement last week overall, mortgage pricing remains significantly … Continue reading
Posted in Mortgage Rates, Mortgage Trends
Tagged arizona home loans, chandler, Gilbert, interest rates, interest rates in arizona, mesa, Mortgage Rates, phoenix, Scottsdale, tempe
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Strong Retail Sales Data Could Lead To Higher Mortgage Rates In January
If you wonder what mortgage rates and home affordability will look like next year, today’s Retail Sales data may hold your answer. Versus October, November’s ex-auto sales were up by more than 1 percent. Analysts expected the increase, but not an increase of this … Continue reading
Posted in Mortgage Rates, Mortgage Trends
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FHA Streamline Refinance Program : There’s 5 Days Left
Consider this a last call for FHA Streamline Refinances. Starting next Tuesday, the popular rate-lowering program gets strict on borrowers. There’s 5 days left. Under the current streamline refi guidelines, FHA homeowners have minimal program eligibility requirements. FICO scores must … Continue reading
Closing On Or Near Labor Day? Plan Ahead.
As the unofficial end of summer, Labor Day weekend is popular vacation time for American families. And this year, with home sales on the rise and mortgage rates relatively low, early-September figures to be a popular closing date, too. These … Continue reading
A Simple Explanation Of The Federal Reserve Statement (June 24, 2009 Edition)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent. The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion. In its … Continue reading
