Mortgage Rates February 18, 2009 – Thats It? This Is Going To Save The Housing Market
Posted by yourmortgageplanner on Feb 18, 2009 in Credit Crisis TARP, Economy, Mortgage Rates | 0 comments
Today Mortgage Rates ended where they started. Prior to Obama’s Foreclosure Plan speech MBS reached their worst, which I am confident, put lenders fingers on the trigger. During the speech the majority of the losses were recouped. Overall we did see a good amount of action in the MBS today, which...
How Does the Obama Stimulus Plan Help Me
Posted by yourmortgageplanner on Feb 17, 2009 in Featured Articles, Financial Awareness, One Step Ahead, Random/Old BlOgS | 0 comments
Tax Credit for Homebuyers
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to...
Mortgage Rate Week End Wrap February 13, 2009
Posted by yourmortgageplanner on Feb 13, 2009 in Featured Articles, Financial Awareness, Mortgage Rates, Random/Old BlOgS, Say What? | 0 comments
The week started out in a positive manner with rates improving both Monday and Tuesday, only to stall out on Wednesday and give back the majority of the gains Thursday and Friday. Mortgage Backed Securities ended the week with only a slight 3bp gain over last week. Friday we saw MBS give up -28bp (FNMA 30...
Fannie Mae Rolls-Back Investor 4 Property Limit
Posted by yourmortgageplanner on Feb 12, 2009 in Financial Awareness, Investors, One Step Ahead | 3 comments
Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however.
Homeowners buying a 5th,...
