Should You Do Your Own Taxes?

With the first month of the year almost over and your W-2s in, it’s time to face the facts: tax season is upon us. Even though you still technically have a couple more months of valuable procrastination time left, it’s not too early to start thinking about your game plan. That is, whether you’re going […]

Continue Reading

Current Mortgage Rates for Tuesday, January, 27, 2015

Twas the day before the Fed/and all through the shed/nothing was stirring/except me, trying to figure out where somebody put the @#&*$#$!@*! rock salt.  A bad case of bronchitis kept me from blogging yesterday (won’t keep me from shoveling today, though), but it looks like the mortgage backed securities market was pretty close to flat […]

Continue Reading

New FHA Home Loan Guidelines for 2015

If you need a low-down payment mortgage and you don’t have the best credit score, an FHA home loan can help you get the keys to homeownership. The FHA home loan program has been around since 1934 making homeownership affordable for many. With the new year underway, the Federal Housing Administration recently announced changes to […]

Continue Reading

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. […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading