Happy Holidays from David Kosmecki and his Staff at Guaranteed Rate! And also a Happy New Year 2011! Thank You for your devoted interest in our Blog: all year thru & into next. Sincerely: David Kosmecki - Guaranteed Rate, Inc. website: http://www.homeloansmidwest.com/ youtube channel: http
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12/23/2010
Existing Home Sales jumped another 6 percent in November, the report's third month of improvement since bottoming in July. According to the National Association of REALTORS®, a quarter-million more existing homes were sold during the annual period ending in November as compared to October. An "e
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12/23/2010
The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October. The Census Bureau defines a "housing start" as a home on which construction has started. November's starts represents a 7 percent increase from the month prior. However, if you see the Ho
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12/23/2010
According to foreclosure-tracking firm RealtyTrac, the foreclosure filings fell 21 percent in November to 262,339 units nationwide. A foreclosure filing is defined as default notice, scheduled auction, or bank repossession. November marked the first time since February 2009 that the number of m
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12/21/2010
Mortgage markets worsened again last week as belief in a U.S. recovery and concerns for inflation took hold on Wall Street. Conforming mortgage rates rose in Wisconsin for the 6th straight week. According to Freddie Mac's weekly Primary Mortgage Market Survey, the average 30-year fixed rate mort
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12/21/2010
Home builder confidence is holding firm this month, according to the National Association of Home Builders. The group's monthly Housing Market Index survey posted 16 for December. That's the same value as from November. It's also equal to this 2010′s average HMI reading. HMI is scored on a scale
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12/21/2010
Loan-level pricing adjustments are mandatory loan fees based on a borrower's specific default risk. First introduced in 2008, LLPAs were Fannie Mae's and Freddie Mac's logical response to massive balance sheet losses. At the time, the housing market was deteriorating and mortgage delinquencies we
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12/21/2010
Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that since November's meeting, the "economic recovery is continuing", but at a pace deemed too slow to make a materia
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12/21/2010
The Federal Open Market Committee holds a one-day meeting today, its 8th scheduled meeting of the year and 10th overall. The FOMC is part of the Federal Reserve, the government group that sets U.S. monetary policy. The Fed's primary policy-setting tool is an interest rate known as the Fed Funds R
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12/14/2010
Mortgage markets worsened last week as the U.S. economy showed additional signs of strength; and global demand for mortgage bonds slipped. Conforming mortgage rates rose in Wisconsin and around the country for the fifth straight week. It's a streak that's been marked by volatile pricing that's re
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12/14/2010
