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Maine Mortgage Market Wrap
MARKET WRAP: Mortgage finished near unchanged levels but were able to pare losses after news that a new earthquake hit Japan, which drew money out of Stocks and into the Bond markets. The 4% coupon...
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The VA Lending Program is for active military, reserves and retired military.
Find out if you are eligible for a VA Home Loan If you are considering a VA Home Loan the fastest and easiest way to find out if you qualify is by connecting to a VA Home Loan Specialist who can help...
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How important is a credit score?
Before deciding on what terms lenders will offer you on a loan (which they base on the “risk” to them), they want to know two things about you: your ability to pay back the loan, and your willingness...
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FDIC’s Bair suggests time right for rate hikes.
Outgoing Federal Deposit Insurance Corp. Chairman Sheila Bair on Friday said it may be time to think about implementing a slow increase in interest rates to make bank lending more profitable. Bair’s...
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The Volley on the Market Continues
WOW. What a roller coaster on Wall street. Markets experienced extreme volatility once again today especially after the Fed announced its statement at 2:15pm ET. The Fed did not say that it would add...
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It’s a great time to own Gold
It’s a great time to own Gold : Stock markets were unchanged today giving the Bond markets a reason to run higher. The 3.5% coupon jumped 25bp to end at 101.56, but ended below resistance levels set...
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Sell off.
Investors sold Bonds today and took some profits after the big surge in prices this week. Markets don’t go straight up or straight down so the move lower today wasn’t a big surprise and came without...
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REFINANCE UPDATE if your home is under water
This morning, FHFA announced their enhancements to the HARP refinancing program. Operational details of the plan are to be released on November 15. Only loans that were purchased or guaranteed by...
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FHA Mortgage Insurance RISING April 1st
It’s Official: FHA Hike of 75bps Will Come April 1. The Federal Housing Administration is following through with its pledge to increase upfront and annual insurance premiums on its forward...
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Housing Bright Spot: Construction Spending Rises
Construction Spending Rises U.S. construction spending rose 0.3 percent in April as private residential construction increased at the fastest pace in six months. Overall construction spending was up...
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3 Common Home Financing Problems And How To Avoid Them
Getting the best mortgage financing for your new home can sometimes be a complicated process and, unfortunately, things can go wrong. Using a licensed and trusted mortgage loan specialist can help...
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Get The Overview On Escrow Accounts
Whether you are purchasing a new home or you are considering to refinance your home, odds are the lender will require an escrow account. These accounts are often a source of confusion for homeowners....
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