Mortgage rates reflect the changes in economic data; this interrelation is a reality that doesn’t change. When the economy is weak, rates go down and vice versa. Nevertheless, in today’s
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Major Drop in the Rate of Unemployment – is it too good to be true?
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The US employment data for June have exceeded expectations, and the news has been released on a “Jobs Thursday”, in anticipation to the Independence Day Holiday. Economists had estimated an
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Toll Brothers Revenue Grows, As More Units Are Sold
3763 ViewsToll Brothers Inc., a home building company based in Horsham Pennsylvania, announced a 29 percent increase in its quarterly revenue due to the sale
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Housing Market Projects Are Looking Brighter for the Spring
2823 ViewsUnemployment, the high cost of just about everything and bills piling up to the sky..We have been facing all these problems for awhile now. The
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US Construction Spending on a Record Rise Despite Sluggish Economy
1680 ViewsU.S construction data shows an unusual rise in spending despite the overall slowdown in the economy. Construction spending surged to an annual rate
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Varying Views of Economists on Falling Oil Prices for Home Construction
1330 ViewsFalling oil prices on housing has been one of the most controversial topics for economists. They view such idea from different perspectives. Some
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Why Mortgages and the ER are so much alike!
37 ViewsA good insight of the mortgage world mechanisms can give one the ability to see the ups and downs in the market and grasp the similarities with other
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Big Rise in Sales of US Existing Homes
146 ViewsThe home sales figures in May point to the biggest rise in four years for previously owned US homes. After a slow start at the beginning of the year,
Read more ...Adjustable Rate Mortgages
33 ViewsOne way of classifying mortgages is by the type of interest rate, i.e. fixed or adjustable. For an adjustable rate mortgage or ARM, the interest rate
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Third and largest insurance purchase by Freddie Mac to offset as much as $285 million of losses on a pool of US home loans.
115 ViewsIt’s a risk-sharing attempt that relies on regulators’ support. Freddie Mac made an email statement on the subject of the policies. These
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Disaster Areas – Home Loans and Appraisals
164 ViewsQuestion: What are the documentation requirements after the appraisal is completed for a subject property situated in a disaster
Read more ...Toll Brothers Revenue Grows, As More Units Are Sold
3763 ViewsToll Brothers Inc., a home building company based in Horsham Pennsylvania, announced a 29 percent increase in its quarterly revenue due to the sale
Read more ...Reduce Your Debt in 5 Steps: DIY Debt Reduction
48 ViewsReducing debt on your own is neither impossible nor too difficult: it only requires a bit of time and careful planning. Paying a debt counselor or a
Read more ...Peak Sales for Existing Home in July 2014
65 ViewsSo far this year, July registered peak sales for existing homes, according to the National Association of Realtors® (NAR). Sales increased 2.4% from
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