ARCHIVED BLOG POSTS
2011
Mortgage markets worsened terribly last week. Amid more reports of an improving economy and fears of pending inflation, mortgage rates skyrocketed to their highest levels since April 2010. According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tack...
02/15/2011
2
Comments
More good news out there, yes I am being sarcastic - FHA just announced an increase in monthly mortgage insurance premiums, an increase of 25 bps. This is set to happen with applications April 4th, 2011. While FHA is a great tool to help those who might have less than 5 or 10% for a down paymen...
02/15/2011
2
Comments
p> Mortgage rates are surging. Over the last 7 days, conventional, 30-year fixed rate mortgage rates have jumped 24 basis points, or 0.24%, according to Freddie Mac's weekly Primary Mortgage Market Survey. It's the largest 1-week spike in mortgage rates in recent history. The 30-year fixed rate m...
02/11/2011
Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010. The phrase "foreclosu...
02/10/2011
1
Comments
Mortgage markets worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This is a huge increase from just 11 weeks ago when mortga...
02/10/2011
If your ARM is due to adjust this spring, your best move may be to allow it. Don't rush to refinance -- your rate may be adjusting lower. It's because of how adjusted mortgage rates are calculated. First, let's look at the lifecycle of a conventional, adjustable rate mortgage: There's a "starter...
02/08/2011
Mortgage markets worsened last week as Wall Street came to terms with the expanding economy; and realized the Federal Reserve may be trying to induce inflation. Better-than-expected retail sales and positive job growth buoyed stock markets and sank bonds. Mortgage rates rose for the 4th time in 5...
02/07/2011
0
Comments
At W.J. Bradley, we're experienced at navigating the requirements for government backed Federal Housing Administration (FHA) loans and in helping you decide whether this is the right kind of loan for you. These loans can help first-time and low-income borrowers get into the home of their dreams ...
02/04/2011
1
Comments
Americans are getting back to work. Sort of. This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. More commonly called "the jobs report", the government's data showed a large decrease in the number of working Americans as compared to ...
02/04/2011
0
Comments
Mortgage lending appears to be loosening. At least for now. In its quarterly survey of member banks, the Federal Reserve asks senior loan officers around the country whether their "prime" residential mortgage guidelines had tightened within the last 3 months. A prime borrower is one with a well-d...
02/03/2011
Rainmaker
111,167
111,167
Michael Haigh
Production Manager/Top Producing Sr. Loan Officer