Neil Coleman Mortgage Matters

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Mortgage and Lending - First Midwest Bank - Conventional / VA / Jumbo / FHA/ USDA - 143306
RECENT BLOG POSTS
While the traditional method of trawling for sale listings, making bids, and negotiating with the seller has been a popular rite of passage for many home buyers, buying a house at auction is swiftly becoming a favored way to purchase property. Buying a home through auction can be tricky, so it’s ...
04/20/2014
When people purchase their home, one of their common requests is “plenty of light.” And for good reason! This is a critical factor for enjoying your home, and when designing your interior, you should pay special attention to just that: your sources of light. See them not only as a way to brighten...
04/20/2014
Mortgage Bonds have drifted lower all week and fell hard due to better than expected data. We will continue to lock in the short term, measured by days to a few weeks until Mortgage Bonds can find a bottom.    The average rate for a 30-year conventional fixed mortgage is at 4.27%. To obtain that ...
04/19/2014
Americans filing for first time unemployment benefits are hovering near seven-year lows as employers are slowing the pace of layoffs. The Labor Department reported that Weekly Initial Jobless Claims came in at 304,000, below the 312,000 that was expected. The 304,000 is up from 302,000 in the pri...
04/18/2014
When it comes to selling your home and getting the full selling price you want, there are certain tactics and methods you can employ to ensure that this wish becomes a reality. Avoiding the commonly made mistakes that end up lowering the value of your home and discouraging people from viewing it ...
04/18/2014
Something that the Europeans have been doing for decades has finally made its way over the Atlantic Ocean to North America: the trend is called micro housing, and it’s turned into an entirely new way of living. With micro housing, we’re beginning to do away with oversize condos and even detached ...
04/16/2014
Not much movement in Mortgage Bond prices Wednesday as they ended near unchanged and traded in an extremely tight range during the session. A not-so-good reading from March Housing Starts and Building Permits were offset by a rise in Stocks prices. The 4% coupon closed just near unchanged at 104....
04/16/2014
The Mortgage Bankers Association reported today that its Market Composite Index, a measure of total loan application volume, rose by 4.3% in the latest week after four straight weekly declines. The refinance index gained 7%, while the purchase index squeaked out a 1% gain. The refinance share of ...
04/16/2014
Consumers across the nation stepped up spending in March after dismal spending in the beginning of the year, due to the severely harsh winter weather. Retail Sales rose by 1.1% last month, the biggest gain since September 2012, while February's 0.7% rise was revised up from 0.3%. Retail Sales acc...
04/14/2014
While little housing-related news was released, last week’s economic news showed signs of a brighter economic picture. Labor statistics were stronger, with job openings up and new jobless claims filed lower than expected. Mortgage rates fell, and the University of Michigan’s Consumer Sentiment In...
04/14/2014
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Neil J Coleman

"Best Loan Officer" Illinois Mortgage Banker Assoc
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