Monthly Archives: March 2016

Where Do Mortgage Rates Come From? Mortgage rates are life-changing numbers. If the rate on a thirty year $290,000 loan were to drop from just four to three percent, it would save the customer $170 per month, and $61,200 throughout … Continue reading

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CHANCES OF A RATE HIKE GO HIGHER 

Housing starts came in strong for February, rising 5.2% month over month to 1.178 million units when annualized. Single-family starts were especially robust, rising 7.2%. That said, at least a few commentators were down on permits, a useful gauge for … Continue reading

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The Boomerang Buyer: How Many are Coming Back?

It takes 7 seven years for a foreclosure to disappear from a credit score. Now do the math from when the Great Recession began, and 2016 could very well signal the era of the boomerang buyer. A boomerang buyer is … Continue reading

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Market Preview for the Week of March 14

BACK ON PACE AGAIN After a respite in January, payrolls returned to form in February, with job growth in excess of 200,000. Markets have turned things around as well. Stocks are again on the rise; commodity prices continue to trend higher. … Continue reading

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The VA Loan is Thriving

  The US Department of Veterans Affairs’ home loan program has the most arduous task of any government loan program: Give those who make the American dream possible the best chance to live that same dream. It’s a big task, … Continue reading

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