Neil Coleman Mortgage Matters

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Mortgage and Lending - First Midwest Bank - Conventional / VA / Jumbo / FHA/ USDA - 143306
RECENT BLOG POSTS
  After Friday's lock alert, we will float into the weekend as the 4% closed near support at the 200-day Moving Average. MARKET WRAP: Another day of range bound trading for Mortgage Bonds closing modestly lower, despite tame inflation data and the lowest reading on Consumer Sentiment (80.0) since...
03/29/2014
If you live in a climate where your yard has been hibernating for months, then you’re probably ready for warmer weather and a hint of green outside your kitchen window. So, in preparation for children running on lush grass through spritzing sprinklers, use the five tips below to get your lawn rea...
03/28/2014
Americans' attitudes towards the economy fell to lows not seen since November as higher heating and gasoline costs put a strain on household budgets. The March Consumer Confidence Index came in at 80.0, which was inline with estimates and the February reading. Economic data in 2014 has been a bit...
03/28/2014
The Mortgage Bankers Association (MBA) reported Wednesday morning that total loan application volume, continued to fall in the latest week as home loan rates ticked up to their highest level since January. The MBA's Market Composite Index, a measure of total loan application volume, fell by 3.5% ...
03/26/2014
Harsh winter weather conditions contributed to home prices falling in January. The S&P Case-Shiller 20-City composite index reported that home prices dropped by 0.10 percent in January.  12 of 20 cities posted declines in home prices in January. The Federal Reserve’s Federal Open Market Committee...
03/26/2014
It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you’re a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process. Such misconceptions have many kept many would-be homeowner...
03/25/2014
Economic news was plentiful Tuesday with housing taking center stage. The Commerce Department reported today that February new Home Sales fell by 3.2% from January to an annual rate of 440,000, below the 445,000 expected and down from the 455,000 registered in January. The 440,000 is the lowest r...
03/25/2014
The Federal Reserve’s Federal Open Market Committee met last week and Janet Yellen held her first press conference as Fed chair. According to the FOMC statement released after the meeting, the Fed cited severe winter weather conditions as a reason for slow economic growth in recent months. FOMC m...
03/25/2014
A report from Bank of America Merrill Lynch revealed that the Federal Reserve needs to continue to back the mortgage market in order for the housing recovery to continue. The recovery may not be sustained if the Federal Reserve continues to scale back on its stimulus program, dubbed QE III, which...
03/25/2014
Fitch Ratings has taken the U.S. off of its negative watch after concluding a review of its credit rating. The agency stated that the U.S. deserves the highest rating - "AAA." The recent debt-ceiling crises in 2011 and 2013 has not affected the country's ability to borrow. Fitch went on to say th...
03/24/2014
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Neil J Coleman

"Best Loan Officer" Illinois Mortgage Banker Assoc
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