Another month, another good showing for the U.S. economy. Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report. The Bureau of Labor Statistics’ monthly report beat Wall Street expectations, while also showing a giant revision to the previously-released job tallies of August and September. 171,000 net new jobs [...]
How To Improve Your FICO Score
October 19, 2012 By Leave a Comment
The U.S. housing market recovery is underway. New home sales are at a multi-year high, housing starts are at pre-recession levels, and home builders plan for a strong 2013. Since late-2011, falling mortgage rates have boosted buyer purchasing power. Now, today, in many U.S. markets, the number of active home buyers outnumbers the number of [...]
Tips To Close Your Home Loan Faster, With Fewer Hassles
October 11, 2012 By Leave a Comment
Last week, with 30-year fixed rate mortgage rates slipping to 3.36% nationwide, home purchase and refinance activity is climbing. With loan volume high, banks are nearing their respective capacities for underwriting and approving home loans. If you’re trying to get a home loan, you’ll want to make sure that you’re taking whatever steps necessary to ensure [...]
How To Help Your Home Appraise At Its Fair Market Value
October 3, 2012 By Leave a Comment
Home appraisals thwart 33 percent of home purchase contracts nationwide. Here are steps you can take to help your home appraise at value. Home owners in St. Charles should provide their home appraisers with as much relevant information as possible.
Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages
September 7, 2012 By Leave a Comment
Beginning as soon as next week, new, mandatory mortgage fees will push mortgage rates higher throughout St. Charles and nationwide. Fannie Mae and Freddie Mac are raising their respective “guarantee fees”. Guarantee fees are fees that mortgage-backed securities providers charge to lenders for mortgage-related services including the bundling, selling and reporting of mortgage-backed bonds. Guarantee fees [...]
