My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Float if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ov
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12/31/2008
Beginning January 1st, FHA will require a second appraisal for those who are refinancing and taking cash out to more than 85% of the value of the home. This is regardless of the loan amount or the property location. The property must be the borrower's primary residence for at least 12 months be
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12/31/2008
The Federal Reserve announced that it will begin purchasing mortgage-backed securities (MBS) in early January.The Feds plan on purchasing up to $500 billion in MBS backed by Fannie Mae, Freddie Mac, and Ginnie Mae. The Feds have already selected private investment managers to act as their agents
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12/30/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ove
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12/30/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ove
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12/29/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ove
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12/26/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ove
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12/24/2008
As many bond traders are taking the next two weeks off, bonds and MBSs will be thinly traded until after the holidays. In addition, many lenders have been swamped with mortgage applications over the past several weeks. As they are spartanly staffed over the holidays, and as both this week and nex
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12/23/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ove
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12/23/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing was taking place between 21 and 60 days Float if my closing was taking place ove
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12/22/2008
