Mortgage rates set new record lows, might hold steady next week
Treasury bond yields, which influence the home-loan rates, have surged since Tuesday. Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan interest costs won’t fall again next week. Mortgage rates set new record lows, might hold steady next week news source : http://www.latimes.com/classified/realestate/news/la-fi-mortgage-20100903,0,2407695.story?track=rss
Community organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties Summit sponsored by the Federal Reserve Bank. The two day conference is focused on examining the problems associated with vacant and abandoned property and to explore approaches to neighborhood stabilization. Governor Elizabeth Duke, Board of Governors of the Federal Reserve opened the summit on Wednesday. In her remarks she introduced the types of issues that are faced by communities with high rates of foreclosure and REO and highlighted some of the lessons learned in the last few years about neighborhood stabilization strategies. She pointed out that the impact of each foreclosure goes far beyond…(read more)
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DPS To Hire 30-40 Teachers To Reduce Class Sizes
Refinancing has resulted in more money for Denver Public Schools to hire 30-40 new teachers. DPS To Hire 30-40 Teachers To Reduce Class Sizes news source : http://www.thedenverchannel.com/education/24860918/detail.html
In this book a mortgage lending insider reveals her answer to this question – and more – in her best selling So You Want to Refinance. If you are baffled by the dizzying array of mortgage companies, sales pitches, and loan products, this book is for you. The book walks you through each step of the loan process in easy-to-understand language to help you make an informed decision that’s good for YOU-not for your loan officer. The book
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Refinancing Mortgage Info
www.refinancingmortgageinfo.com Refinancing Mortgage Info is a mortgage company and mortgage broker information directory which lists mortgage loans & services offered by mortgage firms in all 50 states and 20000 towns throughout the United States. RMI is free to use and free for brokers…
The National Association of Realtors released the Pending Home Sales Index today. NAR’s Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once “pending” sales contracts are closed, they are considered an existing home sale. Because the Pending Home Sales index tells us how many contracts were signed, it is consider a forward indicator of existing home sales. A signed contract is not counted as an existing home sale until the transaction actually closes. Excerpts from the Release… Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed…(read more)
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News: Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand?
mortgage rates fall to 10 Time in 11 weeks Record-low mortgage interest rates have homeowners and potential Hausken? Bank flocking to their local banks. mortgage rates fall to 10 Time in 11 weeks news source: http://chronicle.augusta.com/news/business/2010-09-03/mortgage-rates-fall-10th-time-11-weeks ?
The Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage market The new rules establish three goals for single-family, owner-occupied home purchases; one for low-income families, another for very low-income families, and a third for families living in geographical areas with lower-income populations, areas with high concentrations of minority residents, or federal declared disaster areas. The goal for disaster areas contains a sub-goal to ensure that the needs of lower-income and minority areas are addressed. A goal has also been established for…(read more)
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Vertis Holdings Announces Important Updates Regarding Its Previously Announced Refinancing Transactions
BALTIMORE–(BUSINESS WIRE)–Vertis Holdings, Inc. (“Holdings”) announced today several important updates regarding its previously announced comprehensive refinancing (the “Refinancing Transactions”) of substantially all of its principal operating subsidiary Vertis, Inc.’s (“Vertis”) outstanding secured and unsecured indebtedness. The purpose of the Refinancing Transactions is to reduce overall … Vertis Holdings Announces Important Updates Regarding Its Previously Announced Refinancing Transactions news source : http://www.businesswire.com/news/home/20100901005810/en
City saving residents money by refinancing bonds
Englewood’s decision to take advantage of lower interest rates and refinance two series of bonds means that Englewood homeowners will pay about 0,000 less in property taxes over the life of the bonds. City saving residents money by refinancing bonds news source : http://www.coloradocommunitynewspapers.com/articles/2010/09/02/englewood_herald/news/27_tm_bonds_en.txt
Mortgage Refinancing Tips
www.mortgage–refinance.biz – Mortgage Refinancing Tips – If you’re thinking about getting your mortgage refinanced, here are some quick tips on what you should know before calling the bank. Video Rating: 0 / 5
The Census Bureau today released Construction Spending data for July 2010. Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures, finishing of basements and attics, modernization of kitchens, bathrooms, etc. Also included are improvements outside of residential structures, such as the addition of swimming pools and garages, and replacement of major equipment items such as water heaters, furnaces and central air-conditioners. Maintenance and repair work is not included. The value of all construction put in place in the U.S. on an annualized basis was 5.2 billion compared to a rate of 3.1 billion…(read more)
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News: Recap and Charts: July Construction Spending Data
U.S. mortage applications rise on low rates
U.S. mortgage applications for home purchasing and refinancing increased last week as interest rates hit a new low, a glimmer of hope for a housing market that has failed to find footing in the absence of government support U.S. mortage applications rise on low rates news source : http://www.financialpost.com/mortage+applications+rise+rates/3468446/story.html
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