Neil Coleman Mortgage Matters

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Mortgage and Lending - First Midwest Bank - Conventional / VA / Jumbo / FHA/ USDA/ Construction - 143306
RECENT BLOG POSTS
Last week’s economic news supported recent reports that home sales were fewer and home prices increased, but did so at a slower pace. The NAR reported a slower pace of existing home sales, and FHFA reported a slower year-over-year rate of growth for home prices on properties financed by Fannie Ma...
04/27/2014
We will continue to float headed into the weekend, but very carefully as the 4% coupon is near the higher end of the recent short term trading range. Today's candle does show some indecision after the recent rally. As we have been saying, if your rate sheet is favorable and has gotten back to a l...
04/25/2014
Consumers views on economic conditions surged in April to its highest reading since July, as reported by the Thomson Reuters/University of Michigan's final reading on Consumer Sentiment. The Index rose to 84.1, above the 82.6 expected. Consumer expectations rose to 74.7 in April from 70.0 in Marc...
04/25/2014
Americans filing for first time unemployment insurance rose in the latest week as the job market continues to rebound from the low levels seen after the Great Recession. The Labor Department reported that Weekly Initial Jobless Claims rose by 24,000 in the latest week to 329,000 and above the 312...
04/24/2014
March sales of existing homes exceeded expectations at a seasonally adjusted annual rate of 4.59 million sales according to the NAR. Analysts projected that existing home sales would reach 4.55 million based on February’s reading of 4.50 million sales. The pace of existing home sales declined by ...
04/24/2014
Housing news was abundant Tuesday as the sector is in the midst of the spring buying season. The National Association of REALTORS® reported today that March Existing Home Sales fell by 0.2% from February to an annual rate of 4.59 million units. Last month's sales volume remained the slowest since...
04/22/2014
To refinance a mortgage means to pay off your existing loan and replace it with a new one. There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Each has its ...
04/22/2014
Real estate investments are still going strong and will probably continue to be a popular method of financial gain into the future. Real estate is solid. It is a tangible product that is attractive to both beginning investors and experienced pros. The most important part of getting started in rea...
04/22/2014
Fannie Mae released its April Economic and Housing Outlook today revealing that the slow growth pattern in the first quarter of 2014 is expected to gain momentum in the second quarter. The increase is expected to come from stepped up government spending and a diminishing drag from a slowdown in i...
04/22/2014
Last week’s economic news supported the general outlook for moderate economic growth. Housing related news included the National Association of Home Builders / Wells Fargo Housing Market Index for April and Housing Starts for March. NAHB: Builder Confidence Holds Steady Amid Concerns The NAHB/Wel...
04/20/2014
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Neil J Coleman

"Best Loan Officer" Illinois Mortgage Banker Assoc
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