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
Will My Credit Score Go Down While Shopping For A Mortgage?
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Tag Archives: dan the planner
California Home Values up 4% – What About Sacramento?
The housing market recovery appears to turning the corner, but Sacramento is behind the curve and still playing catch-up.
According to the Federal Housing Finance Agency’s Home Price Index, home prices rose by a seasonally adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. Continue reading
Why Are Rates Getting Worse Today? (August 1 , 2012)
In its press release, the Federal Reserve noted that the U.S. economy has “decelerated somewhat” since January. Beyond the next few quarters, though, the Fed expects growth to “remain moderate” and then gradually pick up. Remember, when there is bad news for the economy, rates improve. And when there is good to moderate news, rates get worse (see video explanation). Continue reading
Is The Real Estate Market in Sacramento Really Getting Better?
84 U.S. Markets Improved In July, and the Wall Street Journal proudly called an end to the housing crisis, a declaration made without hedge, stating, “the housing bust is over.”
The Treasury Market is Getting Better Today. So Why Aren’t Mortgage Rates Getting Better Too?
Click on the Photo for Enlarged Version. Much easier to read!
With last Friday mornings report, the Bureau of Labor Statistics released its Non-Farm Payrolls report. More commonly called “the jobs report”. Depending on the strength — or weakness — of the data, mortgage rates will change. As expected, the numbers were not as good as we hoped for and money started to flow into the “safe haven” of mortgage bonds. Continue reading