Today, the WALL STREET JOURNAL published an article with recently announced FHA changes. The highlights of the changes are buyers’ FHA insurance premium will increase from 1.75% to 2.25%; seller’s can contribute less money towards closing costs to help buyers; and buyers with credit scores below 580 will be required to make a 10% [...]
Entries Tagged as 'Mortgage Market News'
FHA Changes – Insurance Premium to Increase 30%
January 20th, 2010 · No Comments · FHA, Housing Market, Mortgage Market News, Real Estate Agents, Realtors
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Federal Homebuyer Tax Credit Extension and Expansion Details
December 14th, 2009 · 1 Comment · Home Buyer Tax Credit, Housing Market, Mortgage Market News, Real Estate Agents, Realtors
Many home buyers have questions regarding the latest home buyer tax credit extension enacted in November, 2009. Local Winston Salem Loan Officer, Bob Church, of Bank of America has outlined the details of the newest homebuyer tax credit. Please give Bob a call if you are in need of financing or refinancing your home. His contact details are on the flyer below.
If you are a first time home buyer (homebuyer) in the Winston-Salem (Piedmont Triad) area, you can learn more about buying your first home by clicking the previous link. If you are looking for a trustworthy Realtor, give me a call at (336)462-9544 or on my cell at (336) 287-4423.
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Mortgage Market News for the Week Ending September 4, 2009
September 5th, 2009 · No Comments · Mortgage Market News, Real Estate
Unemployment Rate Jumps
Investor sentiment about the economic recovery fell this week, and the stock market declined.
Expectations for slower economic growth are favorable for bond markets, including mortgagebacked
securities (MBS), and mortgage rates ended the week a little lower.
The important monthly Employment report showed mixed results. Against a consensus forecast
for a loss of -225K jobs in August, [...]
Tags: Mortgage News
