ARCHIVED BLOG POSTS
2014
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The foreclosure sector of the housing market continues to receive positive news. CoreLogic reported today that there were 48,000 completed foreclosures in January 2014, compared to the 59,000 completed in January 2013, a 19% decline. From December to January, completed foreclosures declined by 11...
02/27/2014
Have you been looking through home décor magazines and gazing with wonder at the gorgeous homes inside? Do you want to add a touch of elegance and luxury to your home, but you are on a tight budget? No need to worry, there are many ways that you can make your home look like a million bucks, witho...
02/27/2014
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The Mortgage Bankers Association (MBA) reported today that its Market Composite Index, a measure of total loan application volume, declined by 8.5% in the latest week. The refinance index fell by 11.4%, which now makes up 58% of mortgage applications, lowest since September 2013. The purchase ind...
02/26/2014
Two major indicators of home price trends showed a slowing momentum for home prices in December. The S&P Case Shiller 10 and 20 city indices reported that of 20 cities tracked, home prices were lower in December than for November. Case-Shiller’s seasonally adjusted month-to month reading showed t...
02/26/2014
While homeowners typically equate the FHA loan program with low-down payment mortgages, FHA refinances are also available. In addition to rate-and-term and streamline refinances that replace an existing FHA mortgage with a better one, FHA even offers cash-out refinance loans. A cash-out FHA loan ...
02/25/2014
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Housing data dominated the economic headlines this morning as the sector tries to replicate the big home price gains seen in 2013. The Case Shiller 20-city Home Price Index rose by 13.4% in December 2013 compared to December 2012. That is slightly lower than the 13.7% year-over-year increase seen...
02/25/2014
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Prices at the pumps continue to rise as the national average price for a regular gallon of gasoline is at $3.41 today, up from $3.28 a month ago. The price is still lower than the $3.77 recorded a year ago. Violence in oil producing nations of Venezuela and South Sudan are a few of the reasons be...
02/24/2014
Last week’s economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February. Home builder confidence dropped to its lowest reading in nine month...
02/24/2014
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The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) in January rose by 0.1%, which was below the 0.2% expected. The Core CPI rate, which strips out volatile food and energy, was inline at 0.1%. Looking at the year-over-year numbers, the headline CPI rose to 1.6% from 1.5%,...
02/21/2014
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Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build. More equity is a good thing. Equity also equates to money you can use before you sell your home through a home equity loan. Use Your Home ...
02/21/2014
Rainer
500,347
500,347
Neil J Coleman
"Best Loan Officer" Illinois Mortgage Banker Assoc