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Monthly Archives: February 2012

Federal Reserve Wary Of European Crisis

FOMC Minutes January 24-25 2012The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012.

The Fed Minutes is a summary of the conversations and debates that shape our nation’s monetary policy. It receives less attention than the Fed’s more well-known, post-meeting press release, but the Fed Minutes is every bit as important.

To rate shoppers in Sacramento , for example, the Fed Minutes can give clues about whether mortgage rates will generally rise or fall in the coming months. Read the rest of this entry »

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Posted by on February 24, 2012 in Federal Reserve

 

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Homebuilder Confidence Returns To Pre-Recession Levels

NAHB HMI index 2010-2012

New construction buyers in Sacramento , look out. The nation’s home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches.

It’s not time to bring out the balloons and good china yet, as the housing market’s health has a long way to go. To put this in perspective, the current pace is less than half the rate in which those homes went up during the 1990s. Hopefully, this is emblematic of a gradual and sustained growth (and recovery). Read the rest of this entry »

 
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Posted by on February 16, 2012 in Housing Analysis

 

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Are You Upside Down on Your Mortgage? HELP is coming!

Making Home AffordabieThis is a big deal — especially today. Mortgage rates are at an all-time low and millions of U.S. homeowners have been unable to take advantage. HARP aims to change that.

The government’s new, revamped HARP program is 6 weeks from release. Homeowners in California and nationwide are gearing up to refinance. Email me at dtharp@comstockmortgage and get on my First Call Reservation List. Read the rest of this entry »

 
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Posted by on February 10, 2012 in Mortgage Guidelines, Mortgage Rates

 

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Boost Your Credit Score For Better Mortgage Rates

Are you in the process of buying a home or refinancing your current mortgage? Are you getting an FHA loan, or a Conventional loan? What is your credit score? Before a loan officer quotes a rate, these are the questions they will ask.
 
 

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Your Tax Deadline Extended To April 17, 2012

Tax Day moved to April 17, 2012

Traditionally, federal income taxes must be filed with the IRS on, or before, April 15 each year. The date has become such a part of U.S. culture that many people simply call it “Tax Day”.

This year, however, for the 3rd time in 7 years, your federal income taxes will not be due April 15. Instead, because of a combination of the calendar, a holiday, and tax law, Tax Day 2012 is delayed until Tuesday, April 17. Read the rest of this entry »

 
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Posted by on February 8, 2012 in Taxes

 

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Lock An Instant 13% Savings On Your Monthly Mortgage Payment

Mortgage payments down 13%

Falling mortgage rates make owning a home more affordable. Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership.

It’s a money-saving time to buy a home in Sacramento — or to refinance one. Mortgage rates have never been this low in history. Read the rest of this entry »

 
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Posted by on February 7, 2012 in Mortgage Rates

 

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