Because of how frequently bank rules are changing, it can be hard for laypersons to distinguish between mortgage fact and fiction of what's coming next. Recently, we saw this with respect to FHA home loans.
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.
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.
Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck.
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.
APR is an acronym for Annual Percentage Rate. It's a government-mandated [...]
For today's home buyers and homeowners that can manage the [...]
Image via Wikipedia The First Time Home Buyer's Tax Credit [...]
The Federal Open Market Committee voted to leave the Fed [...]
The above video was created by the Federal trade Commission [...]
Sometimes, saving money on your mortgage is as simple as [...]
Monday, mortgage markets improved with news of new Swine Flu [...]