Tagged : mortgages

Found 2 blog entries tagged as "mortgages".

For the last 7 years, the Federal Reserve has kept interest rates low to spur business and consumer borrowing and risk taking. However, with reports showing the economy has gained strength and recovered, rumor has it the Fed will begin to raise rates.

Janet L Yellen, Federal Reserve chairwoman has hinted that a decision on raising rates may happen this week when the Fed’s policy-making committee meets. Yellen recently talked about raising rates would be “a testament, also, of how far our economy has come in recovering from he effects of the financial crisis and the Great Recession.”

The latest economic data, including a favorable jobs report in November, make it almost certain for the decision. The findings in the report show 211,000 jobs were added

721 Views, 0 Comments

The latest Weekly Applications Survey conducted by the Mortgage Bankers Association® finds demand for home purchase is currently up 29 percent higher than for the same period in 2014. Since purchase application demand is widely looked at as a reliable gauge for future home sales, predictions are that we will see a sales bump in the coming months.

The good news was revealed during a week that found loan demand to purchase homes for sale and condos for sale very much flat from the previous week and at the same time mortgage rates rose. Rates for mortgages were higher for all types of loans including conforming and jumbo loans for 30-year fixed rates, FHA backed loans and 15-year fixed rate loans.

Even with the small increase, demand to refinance was

774 Views, 0 Comments

Have a Question?

Contact Us

Follow Us