FHA 203K loans
Updated Oct. 9, 2013
If you've been passing up buying homes that require cosmetic repairs for lack of funds to fix them up, FHA has a program for you. Not to be confused with FHA's much more complicated 203K program, a FHA Streamline loan eliminates much of the paperwork and simplifies the process to obtain rehab funds.. How...

Daily market updates 11-8-2011
Updated Oct. 9, 2013
MARKET NEWS. Tuesday's bond market has opened flat with little scheduled to drive trading. The stock markets are showing minor losses with the Dow down 32 points and the Nasdaq down 2 points. The bond market is currently up 1/32, but we may still see an increase in this morning's mortgage rates of...

11-17-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS. Wednesday's bond market has opened in positive territory again due to early stock weakness. The stock markets are posting noticeable losses with the Dow down 69 points and the Nasdaq down 5 points. The bond market is currently up 5/32, which should improve this morning's mortgage rates by...

Market News 11/21/2011
Updated Oct. 9, 2013
MARKET NEWS This holiday-shortened week brings us the release of five relevant economic reports for the markets to digest along with the last FOMC meeting's minutes and two potentially important Treasury auctions. All of the week's data is being posted over three days due to the Thanksgiving...

11-22-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS Tuesday's bond market has opened fairly flat despite news of weaker than expected economic activity. The stock markets are mixed with the Dow down 9 points and the Nasdaq up 4 points. The bond market is currently down 1/32, which will likely keep this morning's mortgage rates very close to...

11-23-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS Wednesday's bond market has opened down slightly despite sizable losses in the major stock indexes. Stocks are reacting negatively to concerns about overseas financial issues and not this morning's abundance of economic data. The Dow is currently down 163 points while the Nasdaq has...

11-28-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS There are six pieces of economic news that may affect mortgage rates this week. Some of the data is considered highly important to the financial and mortgage markets, so it will likely be an active week for mortgage rates. As the week progresses, the data gets more important.. Unlike most Mondays, there...

12-05-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS. This week is fairly light in terms of the number of economic releases scheduled for release. There are only three monthly or quarterly reports on the agenda that have the potential to influence mortgage rates and none of them are considered to be highly important. That means that the stock markets...

Market News 12-06-2011
Updated Oct. 9, 2013
MARKET NEWS. Tuesday's bond market has opened in negative territory again, keeping in pace with the recent daily pattern of early weakness then afternoon strength. The stock markets are showing minor gains with the Dow up 26 points and the Nasdaq up 1 point. The bond market is currently down 7/32, but due to...

12-07-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS. Wednesday's bond market has opened in positive territory for a change, due to early stock weakness. The stock markets are reacting negatively to news from Europe that raises concerns about the possibility of the region solving its financial crisis. The Dow is currently down 68 points while the...

12-08-2011 Market Update
Updated Oct. 9, 2013
MARKET NEWS. Thursday's bond market has opened in positive territory again following early stock losses. The stock markets are showing moderate losses during morning trading with the Dow down 54 points and the Nasdaq down 13 points. The bond market is currently up 5/32, which with yesterday's...

12-12-2011
Updated Oct. 9, 2013
MARKET NEWS Monday's bond market has opened in positive territory due to sizable losses in stocks during early trading. The stock markets are falling as concerns about Europe take center stage again. The Dow is currently down 141 points, while the Nasdaq has lost 45 points. The bond market is currently up...

12-13-2011
Updated Oct. 9, 2013
MARKET NEWS Tuesday's bond market has opened in negative ground despite weaker than expected economic news. The stock markets are showing noticeable gains despite that sales data. The Dow is currently up 94 points while the Nasdaq has gained 14 points. The bond market is currently down 7/32, which will...

12-19-2011
Updated Oct. 9, 2013
MARKET NEWS Monday's bond market has opened flat, following suit of stocks. With no relevant economic data being posted today and nothing of extreme importance coming from overseas, the markets seem to be on standby. The news from North Korea is certainly interesting and will likely come into play...

Market News 12-20-2011
Updated Oct. 9, 2013
MARKET NEWS. Tuesday's bond market has opened well in negative territory due mostly to early stock strength. The major stock indexes are rallying this morning, pushing the Dow up 257 points and the Nasdaq up 65 points. The bond market is currently down 23/32, which will likely push this morning's...

12-22-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS Thursday's bond market has opened in positive territory following a mixed bag of economic news. The stock markets are in positive territory also, posting minor gains. The Dow is currently up 28 points while the Nasdaq has gained 13 points. The bond market is currently up 12/32, which should...

12-27-2011 Market update
Updated Oct. 9, 2013
MARKET NEWS. Tuesday's bond market has opened flat despite much stronger than expected economic news. The stock markets are reacting favorable to the same data, but are showing only minor gains. The Dow is currently up 17 points while the Nasdaq has gained 6 points. The bond market is currently nearly...

Market News 12-28-2011
Updated Oct. 9, 2013
MARKET NEWS. Wednesday's bond market has opened in positive territory due to early stock weakness. The stock markets are showing moderate losses with the Dow down 61 points and the Nasdaq down 18 points. The bond market is currently up 8/32, which will likely improve this morning's mortgage rates by...

12-29-2011 Market Update
Updated Oct. 9, 2013
MARKET NEWS. Thursday's bond market has opened fairly flat despite weaker than expected employment news. The stock markets are showing early gains, helping to prevent bonds from moving higher. The Dow is currently up 98 points while the Nasdaq has gained 13 points. The bond market is currently down 2/32, but...

Market News 01-03-2012
Updated Oct. 9, 2013
MARKET NEWS This week bring us the release of only three monthly reports that are relevant to the bond market and mortgage rates, but two of them are considered to be highly important. In addition to those three reports, we also will get the minutes from the last FOMC meeting that may influence the markets and...