Mortgage Rates February 27, 2009 Weekly Update

Another down week in the Mortgage Backed Security Market, the FNMA 30 YR 4.5% gave up 56bp, which is roughly .375% in Mortgage Rates. The FED continued it MBS Purchase Program, acquiring $24.99BN this week.  The total is now $160.33BN of the allocated $500BN.  The program is set to run until this June. To...

Mortgage Rates February 25, 2009

I am back from my Kenneth Zahn CFP® Test prep. My normal Mortgage Rate updates will recommence.  Today Mortgage rates increased by over .25% given the -47bp decline in the FNMA 30 YR 4.5% MBS.  The decline could be contributed to the Treasury Auction and profit takers. Today’s Existing Home sells...

FHA loan limits in Maricopa County

Phoenix, AZ FHA loan limits in Maricopa County have just increased from $271,050 to $346,250. This is a great opportunity to purchase a home.

Is Now A Good Time To Buy A Home? Rent vs. Own

As far as financial awareness is concerned there are multiple factors to take into consideration when weighing the benefits of purchasing a home.  Yes there are tax breaks and credits and we are looking at the possibility of massive inflation.  “Is Now A Good Time To Buy A Home?”  As discussed in...

Cuba Used To Have Mansions – 2009 Chicago Tea Party

In Mesa, Arizona, Wednesday, the President presented the Homeowner Affordability and Stability plan, a multi-pronged effort to support the housing market. The story made the front page of nearly every newspaper in the country. The president’s plan is worrisome: Incent mortgage servicers to work with...