The rate of interest charged on a mortgage, more commonly known as “mortgage rate” is virtually a non-factor these days. Of course, as with everything else, this is also relative; hence, the
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New Mortgage Type Available with DC Lender
Comment Off 42 ViewsWhereas adjustable rate mortgages (ARMs) have the advantage of low rates, fixed-rate mortgages stand out by the predictability of the monthly payments. The best features of both these types of loans
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Fixed-Rate Mortgage Comparison by Length
Comment Off 32 ViewsThe main feature of a fixed rate mortgage is the fact that the interest rate does not modify over the life of the loan. The borrower pays the same amount without further rate adjustment. Fixed-rate
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Toll Brothers Revenue Grows, As More Units Are Sold
3762 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
1679 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
1329 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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Weekly Mortgage Applications Suddenly Spike
68 ViewsReports of a massive spike in mortgage applications hit the market in spite of the slow progress of interest rates. Recorded data from the MBA
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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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Fannie-Freddie Multifamily Mortgage Model
61 ViewsAfter the U.S. housing crash, the apartment-lending units of Freddie Mac and Fannie Mae (FNMA) were among the few money making sources for these
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Major Drop in the Rate of Unemployment – is it too good to be true?
52 ViewsThe US employment data for June have exceeded expectations, and the news has been released on a “Jobs Thursday”, in anticipation to the
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Major Drop in the Rate of Unemployment – is it too good to be true?
52 ViewsThe US employment data for June have exceeded expectations, and the news has been released on a “Jobs Thursday”, in anticipation to the
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Rise in Mortgage Applications with Higher Purchase Volume
981 ViewsFor the third consecutive week, there has been a rise in mortgage applications due to the increase in purchase volume. Peak levels were reached in
Read more ...The Jobs Report and the Rise of U.S. Mortgage Rates
121 ViewsWhile all the market players were keeping their fingers crossed for the jobs report, U.S. mortgage rates rose. The increase occurred based on the
Read more ...Jumbo Mortgage Rates
96 ViewsWhat is a jumbo loan? As the very name suggests a Jumbo Loan is one that exceeds the conforming loan limit. The amount of money that you can
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