Private Mortgage Insurance
Updated Oct. 9, 2013
Private mortgage insurance, or PMI, is often bad-mouthed as a terrible deal for consumers.. But without PMI, you might not be able to get a conventional home loan at all.PMI is required on any conventional loan when the borrower doesn't make a 20% down payment. If you have to get mortgage insurance,...

Mortgage Newsletter
Updated Oct. 24, 2014
For the week of May 20, 2013 - Vol. 11, Issue 20>>. Market Update QUOTE OF THE WEEK... "Optimism is essential to achievement and it is also the foundation of courage and true progress." --Nicholas Murray Butler, American diplomat and educator. INFO THAT HITS US WHERE WE LIVE... It definitely takes guts to remain...

Mortgage Newsletter
Updated Oct. 9, 2013
>> Market Update QUOTE OF THE WEEK... "In April the sweet showers fall..." --Geoffrey Chaucer, Prologue to 'The Canterbury Tales'. INFO THAT HITS US WHERE WE LIVE... A shower of home purchases sure sweetened the real estate market in April, as Existing Home Sales gained 0.6% for the month, hitting an...

Mortgage Newsltter
Updated Oct. 9, 2013
INFO THAT HITS US WHERE WE LIVE... Last week, Pending Home Sales took their place at the top, hitting their highest level since April 2010, when folks were rushing to close before the homebuyer tax credit expired. April Pending Home Sales, based on signed contracts for existing homes, were up 0.3% over March and up 10...

Mortgage Newsletter
Updated Oct. 9, 2013
INFO THAT HITS US WHERE WE LIVE... U.S. home prices were certainly knocked down for a few years there, but they've definitely gotten up now. A prominent data analytics firm reported that home prices, including distressed sales, rose 3.2% in April, up for the 14th month in a row. Compared to a year ago, prices were up...

Mortgage Newsletter
Updated Oct. 9, 2013
David M. CarrSenior Home Loan ConsultantNMLS# 1314884100 East Mississippi, Ste. 1000Denver, CO 80246Mobile: 248-469-5588Fax: 888-382-6740. 5 unsightly red flags that drive home buyers away - PLUS 12 cool tools for Dad this Fathers' DayIn many places, home prices are heading up and more buyers are...

Market Update
Updated Oct. 9, 2013
Market Update QUOTE OF THE WEEK... "The greatest weapon against stress is our ability to choose one thought over another." --William James, American psychologist and philosopher. INFO THAT HITS US WHERE WE LIVE... Here are two thoughts that should relieve some stress for those of us working in the housing market....

Market Update
Updated Oct. 9, 2013
INFO THAT HITS US WHERE WE LIVE... There appears to be plenty of real estate people who believe they can succeed, as last week saw more housing numbers go through the roof. Existing Home Sales were up 4.2% in May to a 5.18 million unit annual rate, up 12.9% over a year ago. The median price climbed to $208,000, up 15.4% over a...

Market Update
Updated Oct. 9, 2013
INFO THAT HITS US WHERE WE LIVE... No one has been more resolute and determined than those working in the housing market and, yes, more opportunities are arising. Last Tuesday new single-family home sales were reported up 2.1% in May, to a better than expected 476,000 annual rate and up 29% versus a year ago. There were...

Market Update 7-8-2013
Updated Oct. 9, 2013
HINFO THAT HITS US WHERE WE LIVE... The collective will of everyone working in the housing market has certainly found the way to a housing recovery. More evidence of this came last week when a leading data and analytics firm reported that nationwide, home prices in May jumped 2.6% for the month and 12.2% since last year....

Market Update 7-30-2013
Updated Oct. 9, 2013
INFO THAT HITS US WHERE WE LIVE... It was certainly important to understand the details of last week's Existing Home Sales report. The headline numbers showed June Existing Home Sales were down a disappointing 1.2%, to a 5.08 million annual rate. But other details were encouraging. Existing Home Sales are up 15.2%...