Neil Coleman Mortgage Matters

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Mortgage and Lending - First Midwest Bank - Conventional / VA / Jumbo / FHA/ USDA - 143306
Last week’s economic news included several housing-related reports including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February. The National Association of REALTORS® also released its Existing Home Sales report for February and the Federal Res...
We will continue to float as Mortgage Bonds seem to be stabilizing. After a week of getting roughed up, Mortgage Bonds are attempting to stabilize.  At some point, lower prices lure in buyers.  The bad news – the Bond has fallen through multiple support layers, meaning they now become resistance....
Americans filing for first time unemployment benefits rose marginally in the latest week as the labor market continues to work through its post-recession recovery. Weekly Initial Jobless Claims rose by 5,000 in the latest week to 320,000, which was below the 330,000 that was expected. The four-we...
Spring is around the corner, and it’s time to get your home in order! Spring cleaning can be fun and easy if you follow some general guidelines, which are sure to get your home ready for the nice weather and looking as beautiful as the weather is about to. Kick the winter clutter to the curb (or ...
The Mortgage Bankers Association's Market Composite Index, a measure of total mortgage loan application volume, fell by 1.2% in the latest week. The refinance index decreased by 1%, while purchase index also decreased 1%. The refinance share decreased to 56.5% of total applications, down from 57%...
Spring is here  (yippee!!!), and the National Association of Home Builders Housing Market Index (NAHB HMI) thawed slightly in March. The current reading of 47 is one point higher than for February. NAHB HMI Details Show Regional Variances The NAHB HMI national reading is based on builders’ views ...
So you are thinking of refinancing? Well you are in luck because I have 4 quick and important questions you should ask yourself before doing so. 1) Do I Have Enough Equity To Get A Mortgage? Equity:  The market value of your home minus what you owe on your home. The difference is called “equity”....
Harsh weather continued to weigh on the housing market in February as construction on new homes fell slightly. However, future construction showed a big upswing as the temperatures rise across the nation. The Commerce Department reported that Housing Starts were steady last month rising to an ann...
Economic data had little impact t on the capital markets today as all eyes continue to focus in on the geopolitical news out of Europe. The republic of Crimea has voted to break off from Ukraine and join Russia. President Obama has stated that Crimea's vote "would never be recognized" by the U.S....
For those of us who have a mortgage, we know very well how stressful it can sometimes be to make the monthly payment on time. And then for some of us, late payments are inevitable. In fact, in 2013, from October to December, a whopping 3.85 percent of homeowners were behind on their mortgage paym...

Neil J Coleman

"Best Loan Officer" Illinois Mortgage Banker Assoc
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