A Guide to the Pennsylvania Mortgage Market
A Guide to the Pennsylvania Mortgage Market
ARCHIVED BLOG POSTS
2010
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Yesterday, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent. In its press release, the FOMC noted that, since March, the U.S. economy "has continued to strengthen" and that the jobs markets "is beginning...
04/30/2010
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Yesterday, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent. In its press release, the FOMC noted that, since March, the U.S. economy "has continued to strengthen" and that the jobs markets "is beginning...
04/30/2010
0
Comments
Yesterday, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent. In its press release, the FOMC noted that, since March, the U.S. economy "has continued to strengthen" and that the jobs markets "is beginning...
04/30/2010
The Fed Adjourns From A 2-Day Meeting Today And What It Means For Mortgage Rates The Federal Reserve adjourns from a scheduled, 2-day meeting today. It's one of 8 scheduled Fed meetings for 2010. Upon adjournment, Fed Chairman Ben Bernanke & Co. will release a formal statement to the market. In ...
04/28/2010
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Why should I buy, instead of rent? Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. Thi...
04/28/2010
Before you begin to shop for a new home, you should at least get pre-qualified or even better, get pre-approved. What is the difference between the two? It is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the...
04/27/2010
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VA loans are mortgages that are guaranteed by the United States Department of Veteran's Affairs. VA loans allow an eligible service member to get 100 percent financing on a home without having to pay for private mortgage insurance. On most other types of mortgage financing, if a purchaser borr...
04/23/2010
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Super Jumbo Mortgage money is still available. Super Jumbos are available for loan amounts up $2 million. Some features of this program include... 80% financing for Purchases and Rate/Term Refinances up to $2MM Cash out up to 500K Interest Only or Fully Amortizing Second Home SFR Financing ava...
04/22/2010
The bond market has opened in positive territory on Wednesday despite a lack of economic news. There are minor gains in the stock markets with the Dow currently up 15 points and the Nasdaq nearly unchanged from yesterday's close. Right now, the bond market is up 9/32, which should improve this mo...
04/21/2010
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Mortgage rates and home affordability have improved lately, thanks to an unlikely ally -- Mother Nature. In the 7 days since Iceland's Eyjafjallajökull erupted, ash clouds have grounded planes, disrupted businesses, and stranded exports in warehouses worldwide. It's a drag on commerce that's spil...
04/21/2010
Rainmaker
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651,443
Keith Landis
Pennsylvania - "Your Pennsylvania Mortgage Source"