3 Surprising Things Your Homeowner’s Insurance Covers (And 3 It Doesn’t)

Homeowner’s insurance is meant to offer you financial protection if your home or some of the things in it are damaged or destroyed. But even the standard policies have a couple quirks, and not everyone takes the time to read the fine print. Here are three things you may not have realized you had coverage for. […]

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Current Mortgage Rates for Friday, January 23, 2015

What to make of yesterday?  Bonds were all over the place after the ECB announced its quantitative easing program.  The markets don’t seem to know what to make of it, and neither do I.  I will say that despite all the volatility, the 5-day trend for mortgage backed securities is roughly flat.  We’re really not […]

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How FHA Changes Will Benefit First-Time Homebuyers

FHA home loans are well-liked by buyers. While conventional lenders require more cash out-of-pocket for home purchases and have stricter credit score requirements, FHA loans feature lower down payment and credit score requirements, which makes homeownership attainable for first-time buyers. FHA loans have helped more than 40 million people become homeowners since 1934, and with […]

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Current Mortgage Rates for Thursday, January 22, 2015

Yesterday mortgage backed securities sold off, and mortgage rates rose by a bit.  There was no real significant economic data issued yesterday, so we can probably attribute the price action to profit-taking, and maybe the re-alignment of some positions prior to today’s announcement from the European Central Bank. MBS have started the day in the […]

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Current Mortgage Rates for Wednesday, January 21, 2015

Yesterday was sort of a case of much ado about nothing.  Mortgage backed securities were volatile, and ultimately ended up just a little bit worse than they were the previous day.  MBS are down a bit on the week, but not by much.  Mortgage rates have risen from the lows of the year, but are […]

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5 Easy Ways to Boost Your Home’s Appraisal

A too-low appraisal can wreak all sorts of havoc on the sale of your home. Often, lenders and banks will back out of a purchase if the property is appraised for less than the offer, taking your buyer with them. So what can you do? Generally speaking, unless you have the time and money to […]

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Current Mortgage Rates for Tuesday, January 20, 2015

Yesterday the markets were closed for the Martin Luther King holiday.  Mortgage rates were unchanged from Friday.  There’s a lack of significant economic domestic data scheduled for today, so once again, the primary influences on our markets are going to come from reaction to news abroad and global economic pressures.  So far, mortgage backed securities […]

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Current Mortgage Rates for Monday, January 19, 2015

The markets are closed today in observance of the Martin Luther King, Jr. Holiday.  Mortgage rates will remain the same as they were on Friday.  Speaking of Friday, rates took a little bit of a beating after sitting near 20-month lows for close to two weeks.  I believe that the sell-off was prompted by profit-taking rather […]

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