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B+
Be Positive
On Friday, I heard a commercial for mortgage guy out of Chicago and his message was just all over the place, but it was mostly negative. He was not being negative on his competition, but on the “market” on a whole. I was shocked by his comments. I was thinking what a fail of [...]
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 »5% is the new 3.6%
I have often touted the benefit of Indiana home ownership is the tax benefits. Now, I am not a tax professional. Please consult a local tax professional.
Since, the IRS makes it difficult to understand how the benefits actually work.
Indiana Homeowners have two related tax deductions:
1. annual mortgage interest paid
2. estate tax bills paid
However, [...]
Are you ready for the Mortgage Market this week
In the first full week of 2009 the mortgage backed bond market have traded back-and-forth in a seemingly never ending tug of war and eventually closed the week improved overall.
The weekly mortgage rates have fallen for the first time since mid-December.
The big news of last week was the Friday’s jobs report, and according to governmental [...]
The Power of Saving and Compounding Interest
Last year and at the start of this year there were a lot of changes in the mortgage industry. New rules, new regulations and so on. It is taking a lot of people by surprise. I know cause of the calls coming into me this week for people were wanting to be pre-approved to buy [...]
Read more »Indiana FHA Changes
All Indiana loans: (FHA, VA, Conventional)
A Credit report must be dated within 60 days of final loan approval. May be 120/180 days old at time of close.
Effective immediately Indiana FHA:
We are seeing an influx of building on own land. We have to do it as a purchase. However, this loan can be closed as a [...]
Oh, you waited, well you lose but not much
When it comes to mortgage rates, sometimes it’s better to “act now”. (when I tell you)
On Tuesday, Indiana FHA rates fell to the lowest levels that I have seen in nerly 4 years. Why, because the Fed let it be known that they would “use all available tools in their black bag or tricks” to [...]
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