Between July – September 2012, fewer than 6% of banks tightened mortgage guidelines — the fourth straight quarter that’s happened– and roughly 10% of banks actually loosened them.
Mortgage Approvals : Documents To Gather For Your Lender
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Tag Archives: Comstock
Explanation Of The Fed Statement Today (October 24 , 2012)
For the ninth consecutive meeting, the vote was nearly unanimous. And, also for the ninth consecutive meeting, Richmond Federal Reserve President Jeffrey Lacker was the lone dissenter in the 9-1 vote.
The Fed Funds Rate has been near zero percent since December 2008. At the close today, Mortgage Backed Securities ended the day a little worse (rates/fees went up a bit) on the news… Continue reading
Tips To Close Your Home Loan Faster, With Fewer Hassles
Home sales are at their highest levels since May 2010 as home buyers take advantage of favorable economic conditions. Home prices are low, household income is rising, and rents are up in many U.S. cities.
Low rates have stoked mortgage refinance applications throughout Sacramento, too. Continue reading
Rates Are Going Down and Fee’s Are Going Up! I Am So Confused.
Because the Fed voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. For the eighth consecutive meeting, the vote was nearly unanimous (9-1 vote).
The Fed Funds Rate has been near zero percent since December 2008. Continue reading
Will My Credit Score Go Down While Shopping For A Mortgage?
Years ago, that concern made more sense. Today, it doesn’t, because having a mortgage company pull your credit is very different from having Walmart do it. Continue reading