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mortgage: Monday Morning Mortgage Market Update - 03/19/12 11:48 AM
Market Update Week Ending March 16, 2012
What began as a quiet week quickly turned negative following the release of Tuesday's Fed announcement. Mixed economic data and Treasury auctions had little impact. Mortgage rates ended the week significantly higher.
While it was very similar to the last statement, the Fed announcement reflected some degree of improvement in the economy. This caused investors to reduce expectations for further Fed easing through purchases of mortgage-backed securities (MBS). The chance that the Fed would produce enormous additional demand had helped propel MBS prices to their recent highs, so this news caused investors to … (0 comments)
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mortgage: Mortgage Market Update - 02/27/12 06:57 AM
<!--StartFragment--> Market Update Week Ending February 24, 2012
The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates this week, and rates ended the week a little lower.
Investors are beginning to focus on the price of oil. Concerns about Iran have pushed oil prices up to the highest level in nine months. Higher energy prices are bad for consumers and the economy. Since higher oil prices have two opposite effects on inflation, though, the … (0 comments)
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mortgage: Buyers have returned - 02/07/12 05:04 PM
In record numbers, I am seeing license plates from the following states: Texas, Louisiana, Alabama, Georgia, Tennessee, Ontario, Ohio, Minnesota, Michigan, Kentucky and Illinois. Seems like there are record number of visitors in the area this year. Why not? Temperatures have been unseasonally warmer this year and we offer a lot of sunshine most year round. It has even been more difficult getting a tee time on my favorite golf course, the Santa Rosa Golf course. It's all good though. I have shown property for now a full week everyday in a row. I am also seeing a record number of … (1 comments)
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mortgage: What's in your FICO Score? - 03/03/11 11:31 AM
Where do the numbers come from to create my FICO score? What is the highest FICO score possible?
The numbers are pulled from the following sources:
Payment History makes up 35% of your FICO score.
Amounts Owed makes up 30% of your FICO score.
Length of Credit History makes up 15% of your score.
New Credit makes up 10% of your FICO Score.
Types of Credit Use makes up 10% of your FICO Score.
So what is a perfect score? 850 points.
You can get a FREE credit report once a year at http://www.annualcreditreport.com
Kelly Klein
Lifeguard Real Estate, Inc.
850-420-2480
… (3 comments)
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mortgage: Sources of Mortgage Money - 01/18/11 11:19 AM
Source of Mortgage Money Discussion
There are two separate but equally important sources of mortgage money for residential home loans. There is the primary market, which consists of the lenders who will actually make the mortgage loan to your buyers and are responsible to collect the monthly payments from them. There is also the secondary market, which supplies mortgage funds to the lenders by purchasing loans from lenders, enabling the primary lenders to replenish their mortgage funds. These mortgage loans are usually sold to investors and the original lender services the loan (collects payments), and earns an income for doing … (2 comments)
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mortgage: Make your house user FHA Friendly - 10/20/10 06:48 AM
Make Your House FHA-Loan Friendly
Article From BuyAndSell.HouseLogic.com
By: Terry SheridanPublished: June 02, 2010
Know the basics of FHA loan rules and you stand a better chance of selling your house or condo.
Make your house FHA-friendly, and it will appeal to more homebuyers. Why? Because the Federal Housing Administration is insuring the mortgage loans used by about 30% of today's homebuyers.
If your house passes the FHA rules, it will appeal to buyers who plan to use an FHA-insured mortgage. If your house doesn't qualify for an FHA loan, you're cutting out 30% of potential buyers.
FHA is especially important … (3 comments)
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mortgage: Buy or Bail???? I am so Naive - 03/04/09 09:18 PM
Buy or Bail ??????????? I guess I am so Naïve.
Never knew this until today. Scenario below.
2005 buy a house for $200,000 and a 100% loan. House is now worth only $150,000.
Monthly payment is $2,000 PITI. Income is good $7,000 a month. Credit is good.
A fake lease is drawn up by owners showing they have a renter in the home for $2,000 a month. Banks used to loan up to 75% of the rental income as consideration as a credit and not a debit.
So owner buys a second home for their new primary home at $200,000 and … (10 comments)
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mortgage: Ft. Walton Beach Florida - 12/10/08 08:24 AM
A local Air Conditioning Company let go 30 employees here locally. The owner stated that he holds 1 million dollars in real estate assets but is no longer able to borrow money against them to keep his business going. The lack of credit in the market place and the unwillingness of the banks to make these loans are causing small business owners like this one to shut their doors.
The trickle down economy does not work as being evidence now in all sectors. The rich simply got richer and the middle class are now among the poor.
What's your thoughts?
Kelly … (0 comments)
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