ARCHIVED BLOG POSTS

2009 

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Okay, I am no Doctor, I don't even play one on TV... but what I do know is that what people care about is useful information online, and that is what Orlando Mortgage Chili Blog is all about. So - here it goes. I encourage you to do your own research as well - even check with your doctor before t...
10/19/2009

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Mortgage markets worsened last week on better than expected economic data, causing mortgage rates to rise. Last week was the third consecutive week that mortgage rates moved higher and, since touching a multi-month low in early-October, conforming mortgage rates are up by about a half-percent. It...
10/18/2009

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Mortgage rates are higher after the Federal Reserve released the internal notes of its September 22-23, 2009 meeting. Known as the "Fed Minutes", the report details the conversation and cross-currents that led to the Federal Reserve's decision to vote "unchanged" on the Fed Funds Rate after its l...
10/15/2009

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For the seventh consecutive month, foreclosure activity in the U.S. was dominated by a tiny subset of states. As reported by RealtyTrac.com, more than half of September's foreclosure-related activity occurred in just 4 states: California Florida Nevada Michigan These states represent just 22.05 p...
10/14/2009

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Mortgage markets worsened last week as investors responded to a recovering global economy. Despite briefly touching their lowest levels since May, mortgage rates ended the week dramatically higher. It's the second straight week that rates soared on a Friday. For several months, Wall Street has be...
10/13/2009

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According to the Freddie Mac weekly mortgage rate survey, the relative cost of a 5-year ARM is dropping versus its 30-year fixed-rate cousin. During the first 5 months of 2009, the products ran neck-and-neck. Today, they're a half-percent apart. On a $200,000 home loan, that's a difference of $60...
10/12/2009

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An escrow account is a designated savings account into which funds get deposited for a specific purpose. With respect to real estate and home loans, escrow accounts are used to pay real estate tax bills and homeowners insurance payments. Escrow accounts are managed and disbursed by lenders. When ...
10/12/2009

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Beginning November 17, 2009, the FHA will make it harder to qualify for its popular Streamline Refinance program. Available exclusively to homeowners with existing FHA home loans, the streamline program is meant to help homeowners reduce mortgage payments as simply as possible. As such, the progr...
10/09/2009

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According to the Freddie Mac weekly mortgage rate survey, the relative cost of a 5-year ARM is dropping versus its 30-year fixed-rate cousin. During the first 5 months of 2009, the products ran neck-and-neck. Today, they're a half-percent apart. On a $200,000 home loan, that's a difference of $60...
10/09/2009

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  Watch the Fox 35 Video here.     Andrea Tlumacki was one of the people not afraid to take the plunge... and she has been rewarded for it! With the deadline of the $8000 First Time Home Buyer Tax Credit approaching - it is urgent to develop a plan of execution. Most people are focused on the res...
10/08/2009
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