The Summit County Mortgage Source

Mortgage and Lending - JBerman Group
Federal Housing Administration will "soon" increase its annual premium on jumbo mortgages by 25 basis points, according to government budget documents released Monday morning.
The Home Affordable Refinance Program (HARP) was exanded on Monday. New guidelines were promised that should allow more people to refinance. I'm encouraged by the details of HARP II. The changes will allow more homeowners to refinance. However, until final details are disseminated by FNMA & FHMLC...
It's always a good idea for real estate professionals to spend a little time each week browsing the state of real estate in other parts of the country. It helps shape your own personal views on where things have been and where they might be going. A few links that caught my eye this morning...   ...
Here's the latest economic news as provided by our monitoring service. The trend the past 7 sessions in the bond market has been negative. Things are settling down across the pond which is bringing stability back to the stock market. For the time being, the best strategy is to get your applicatio...
New home sales fell 2.3% in August to a seasonally adjusted annual rate of 295,000 units from a revised rate of 302,000 units in July. Compared to a year ago, new home sales were up 6.1%. The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 0....
  In a welcome sign of strength, existing home sales rose 7.7% in August to a seasonally adjusted annual rate of 5.03 million units from an upwardly revised 4.67 million units in July. The inventory of unsold homes on the market decreased to 3.577 million, an 8.5-month supply at the current sales...
FYI—VA Funding Fees have been LOWERED, and are effective on October 3, 2011…                           As always, if we can help you with anything, including your VA refinances & purchases, give us a call at 970.455.4131.
Treasuries remain under pressure as equity markets around the globe rally following yesterday's CNBC report that European authorities were constructing the framework for a rescue plan. Greek leaders appealed for support at home and abroad to avert default before key legislative votes as the U.S. ...
Today's news by the fed that lower rates may be around the corner stimulated some questions from clients that have recently locked with us. Can I re-lock a lower rate while my loan is In-Process if the Fed drops rates? Picking the right time to lock is tough. Fortunately, if there is a significan...
Hurray Beer! Frisco's Oktoberfest is back after a few years hiatus. The event was on-hold because Main Street vendors & residents felt the event created too many problems. Road closures, long hours, and excessive noise & drinking resulted in a decision that the 'party' be moved. With the recent d...

Jason Berman

Summit Countynulls Mortgage Guy
local_phone(970) 455-4131
Contact The Author