Ready to buy? Then here’s what documentation you need to prepare so a mortgage banker can let you know exactly what loan amount and purchase price you can qualify for…

Filed under: Buying, Finance, IRS, Making Home Affordable, Money-Saving, Mortgage, Mortgage Rates, Real Estate Market, VRN | No Comments »

Making sense of the Financial Regulations Bill for Buyers

Filed under: Current Events, Current Mortgage Rates, Finance, Making Home Affordable, Mortgage, Mortgage Rates, Real Estate Market, Tax Issues, VRN | No Comments »

Last week’s blog posts pretty much focused on the homebuyer tax credit’s closing deadline. We did our absolute best to deliver the latest news as it happened. Let’s review last week’s posts:
Saturday:
“GUEST POST: ‘All Right! The Deadline Has Been Extended!‘”:
All right! The deadline has been extended to September 30! I work in mortgage banking and have been working [...]

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If you were following us last week you would have read that mortgage rates once again fell to record lows. How low? We’re talking the lowest levels in 54 years. On Thursday of last week, the 30-year Conforming fixed rate rang in at 4.69%, a figure last seen in 1956.
“There was a time when ultra-low [...]

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This week was one for the record books, in the housing market that is. Mortgage rates fell to 54-year lows this week. Not since 1956 have market observers seen rates this low.
That said, on Thursday we mentioned that comparing mortgage rates from 1956 against 2010 isn’t exactly a fair comparison, even if they both range [...]

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Update1: At the close of business today, the 30-year Conforming fixed rate rang in at 4.69%.
Original post: At the close of business yesterday, the 30-year Conforming fixed rate rang in at 4.75%, according to HSH.com. That’s a 54-year low for mortgage rates (from what we can reckon), the lowest we’ve ever recorded.
However, mortgage-rate records [...]

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