Many homeowners in Arizona and California will find out if they will be able to refinance their “upside down” homes tomorrow. The Initial “HARP” Home Affordable Refinance Program was rolled out in 2009. It was designed to help refinance “underwater” homeowners that owe more than their homes are worth. Since the program had very little success… Continue Reading
Tag Archives: arizona home loans
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 #3 mortgage company in Maricopa County, behind Bank of America and Wells Fargo. Academy Mortgage… Continue Reading
What’s Ahead For Mortgage Rates This Week : February 22, 2010
Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve. Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row. Last week was a bad week to float a mortgage, to say the least…. Continue Reading
HomePath, Welcome Home. Buy a House with Low Down, No PMI, No Appraisal? Yes!
HomePath loans from Fannie Mae provide home buyers an opportunity to purchase a home with low down payment, no PMI, no appraisal, and Seller paid closing costs. Owner Occupants and Investors are welcome to enjoy the benefits of HomePath…. Continue Reading
What’s Ahead For Mortgage Rates This Week : February 8, 2010
Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates improved for the 4th consecutive week. Mortgage rates are now at a 6-week low but probably shouldn’t be. It underscores just how important global… Continue Reading
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 worse from the all-time lows set in late-November. Oddly, last week’s most prominent mortgage-related story… Continue Reading
A Simple Explanation Of The Federal Reserve Statement
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to pick up”, that the jobs markets is getting better, and that housing market has shown “some signs of improvement” lately. It’s the… Continue Reading
What’s Ahead For Mortgage Rates in Arizona This Week : November 16, 2009
Mortgage markets improved last week as foreign buyers of mortgage debt helped to push mortgage rates to a 4-week low. It marked the 3rd consecutive week that rates improved in Arizona, breathing extra life into this year’s ongoing Refi Boom. Fixed-rate, conforming mortgage rates fell about 0.125 percent on the week. ARMs did about the… Continue Reading