Another calm day in the MBS market (FNMA 30 YR 4.5% 101.72) translated into a stable day in Mortgage Rates. SEE REAL TIME MORTGAGE RATES!  Positive News for New Home Sales, February numbers reflected a 4.7% increase.  On the down side prices are down year over year. Don’t look now but oil prices...

Mortgage Rates remained unchanged today, even after a mid afternoon pullback in the FNMA 30 YR 4.5% which saw the MBS touch a low of 101.5625. REAL TIME MORTGAGE RATES! Today we saw the AIG Hearing commence with the House Financial Services Committee question Fed Chairman Bernanke, Treasury Secretary...

Mortgage Rates sustained and maintained there position today SEE REAL TIME RATES! Bank stocks posted strong gains after the new banking plan was released pre market. After the Fed’s Wednesday afternoon announcement, rates fell to all-time lows before recovering sharply into the weekend on economic...

Fannie Mae has an easy to use online tool to help you look up your loan, this will help you in determining if you are eligible for ”Am I Eligible For Making Home Affordable”

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent.  This doesn’t mean the Fed stood pat, however. On plan to resurrect the economy using “all available tools”, today, the Fed announced a new, $1.5 trillion...

Jim Cramer to MOP floor with Jon Stewart Tonight!! Tune it to watch Cramer educate the Faux News Reporter. As Method Man says: “I came to bring the pain hardcore from the brain Let’s go inside my economic plane”

The basis of most mortgage lending is credit scoring.  In general, the higher a person’s credit score, the lower his offered mortgage interest rate. Despite the many credit scoring models in use today, however, just 3 are relevant to American homeowners: The Equifax BEACON® score The Experian...

Mortgage Rates improved slightly today. See Real Time Mortgage Rates This week, there isn’t much economic news upon which to trade, save for Thursday Retail Sales data.  Therefore, markets will look for other clues about the future of the U.S. economy. Tuesday, Fed Chairman Ben Bernanke has a...

When the White House first introduced the Making Home Affordable program in February, it was positioned as a mortgage program with two goals: To help financially-needy homeowners get mortgage relief To help homeowners who’ve lose equity qualify for today’s low rates Wednesday, in a much-anticipated...

Image via Wikipedia As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the First-Time Homebuyer Credit Form. True to tax code standards, the 10-field form is accompanied by 3 pages of instructions. Form 5405 is a helpful,...