Looks like the Federal Housing Administration is loosening their belts along with the rest of us following Thanksgiving Day stuffing. The rates for FHA are down considerably while conventional rates are climbing in the same period. And jumbo rates are showing signs of lowering as well. All of these items are contrary to [...]

This is the week to give thanks.
Thanks to the tax credit we have more interest in the housing market. Not just with first time home buyers but now for current home owners as well as long as they’ve owned for more than 6 years.
Thanks to the market and the Feds that have kept interest rates [...]

Talk about Good News…..but the wait was well worth it.
According to an email we just received from RAMB,
Yesterday, the U.S. Senate voted (98-0) to pass a bill which extended and expanded the federal homebuyer tax credit.  Today, the U.S. House of Representatives did the same (403-12).  It’s now on its way to the President for [...]

Tax Credit expires at the end of this month….or does it?
The senate has offered an extension through July of 2010 but it needs to be agreed to by congress. So for now the only tax credit is still slated to expire at the end of this month.
There is an interesting twist to the one now [...]

“Mortgage Bonds are lower this morning, following through on Friday’s weakness and responding to a move higher in Stocks. While Stocks are higher due to good earnings reports, it is important to understand that positive earnings numbers gained by cutting jobs are not really positive for the economy, nor are these gains sustainable.
There are no [...]