Great way to buy your first Indiana home
I was sitting in a class last night after speaking to a few local Real Estate Agents about buying foreclosed homes and some multi-units. I had one of those moments of clarity and I am not sure why I had not thought of it before.
When my wife moved back to NW Indiana to work [...]
What goes down…
Mortgage markets “broke bad” on us last week on the heels of some weak economic News, data and some rather unispired corporate earnings.
This caused Indiana mortgage rates to rise for the second week in a row. They are now quite a bit higher than the great low point we hit about 3 weeks ago.
For [...]
New Regulations for the Indiana Moving on up Buyer
When an Indiana homeowner sells his home and decides to buy a new one, there are really just 3 basic options for the residence — sell, keep or rent.
Unfortunately, no matter which path is chosen,the Indiana move-up homebuyer will be in need of a home loan and they will find that qualifying for this home [...]
Not Good News
Well, rates…after improving for 11 straight weeks, Indiana mortgage rates ticked higher last week. This is according to Freddie Mac’s weekly mortgage rate survey,and the Freddie Mac survey showed that mandatory mortgage fees rose last week.
Well, unfortunately, the bad news for rate shoppers just doesn’t stop there.
Since, Freddie’s survey is done on a Tuesday and [...]
Read more »Indiana Reverse Mortgage
The number of federally insured reverse mortgages that closed in year 2008 grew 6.4% to about 115,000 loans.
According to the latest figures from HUD. More seniors are trying to figure out how to cope with today’s economic conditions, the HECM program takes on increased significance.
A detailed analysis of HUD data conducted by Reverse Market Insight [...]
The Mortgage Markets in Review
After a strong start last Monday and Tuesday, the mortgage markets suffered with the stock markets in the last half of last week. Thus, leaving mortgage rates higher for the week overall.
Market losses were especially steep last Friday and mortgage rates were up heading into the long weekend on a strong uptick. Most people took [...]
10 Huge Blunders in 2009
This will with either be a “here we go again year,” or a “let’s go do something different” year. I am on the “do something different” team and this year is going to be an incredible year.
I had a brainstorming session with a few friends (colleagues, mentors, my knight of the roundtable). We came up [...]
Refinancing good idea or not
As Indiana mortgage rates continue to fall, go up and fluctuate my phone rings more and more. I am finding myself talking to people that have been taken advantage of in recent years. And, not by some local mortgage broker, but banks both locally and on the internet. People with 700 plus score that have [...]
Read more »Looking Past the Headlines
Another week and more screaming headlines about mortgage rates falling to an all-time low. If you are in Northwest Indiana and are not taking advantage of this. I will post the number to the local asylum, they are looking for more nuts.
Freddie Mac published its weekly mortgage rate survey yesterday and it found [...]
Read more »Wait for it, wait for it, NOW, do it NOW
After a weak holiday shopping season, annual retail sales declined in 2008. I know we did a smaller Christmas in our family and extended family.
It is the first time annual Retail Sales declined since the government started tracking the data some 40-odd years ago.
It also gives nod to the notion that the U.S. economy is [...]
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