Economy

Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes

The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It's a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers' policy decisions. The Minutes is a terrific look into the Fed's collective mind and, yesterday, Wall Street didn't like what it saw.

By |2017-08-10T02:42:32-04:00February 22nd, 2010|Economy, FOMC Minutes, Mortgage Lending|Comments Off on Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes

Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive

In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group's portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.

By |2017-08-10T02:43:05-04:00January 26th, 2010|Economy, FHA Mortgages, Homebuyer Tax Credit, Mortgage Lending, Real Estate|Comments Off on Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive

Looking At The 2010 Predictions For Housing Markets And Mortgage Rates

There's a lot of talk on CNBC and elsewhere about what's coming in 2010. Before you take those predictions to the bank, just remember that analysts do a much better job interpreting data from the past than projecting it into the future.

By |2017-08-10T02:43:14-04:00January 20th, 2010|Economy, Local, Mortgage Lending, New Jersey, Opinion, Pennsylvania, Real Estate, Wall Street|Comments Off on Looking At The 2010 Predictions For Housing Markets And Mortgage Rates

Home Prices On The Rise, Says The October Home Price Index Report

More positive signals from housing -- home values are still on the rise. According to the Federal Housing Finance Agency, after posting its first quarterly increase since 2007 this past September, the Home Price Index rose by another 0.6 percent in October. Prices are up in 4 of the last six months.

By |2017-08-10T02:43:28-04:00January 9th, 2010|Economy, Home Values, Local, New Jersey, Pennsylvania, Real Estate|Comments Off on Home Prices On The Rise, Says The October Home Price Index Report
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