RECENT BLOG POSTS
Economy Expected To Have Added 80,000 Jobs In June Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you're currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly repor...
08/08/2011
What's Ahead For Mortgage Rates This Week : July 11, 2011 Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week's two big stories were the same two stories roiling mortgage markets since March - Greece and Jobs. In both instances, rate shoppers won. C...
08/08/2011
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What Is Annual Percentage Rate (APR)? More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents. A loan's APR is printed in the top-left corner of the Federal Truth-In-...
08/08/2011
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Fed Minutes Hint At New Economic Stimulus The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in South Carolina have idled in the hours since. The Fed Minutes is published 8 times annually, three ...
08/08/2011
For The 9th Straight Month, Foreclosure Filings Fall For the 9th straight month last month, foreclosure activity slowed. According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June. The phrase "foreclosure filin...
08/08/2011
Retail Sales Rise For 12th Straight Month In June The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing. In June, for the 12th straight month, retail receipts rose, excluding cars and auto parts. Analysts exp...
08/08/2011
What's Ahead For Mortgage Rates This Week : July 25, 2011 Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece ...
08/08/2011
Is An FHA Mortgage Better Than A Conforming One? The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. ”Going FHA” is more common than ever before — but is ...
08/08/2011
What's Ahead For Mortgage Rates This Week : August 1, 2011 Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning. 30-year fixed conforming mortgage rates improved in S...
08/08/2011
What Will The Debt Ceiling Agreement Do To Mortgage Rates? The United States is projected to reach its legal $14.294 trillion debt limit today. The limit was set by Congress February 12, 2010. The U.S. Treasury may not issue new debt beyond the debt ceiling. Since April 2011, Congress has debate...
08/08/2011