Does Fannie Mae Own Your Mortgage? Loan Lookup Tool

Does Fannie Mae Own Your Mortgage? Loan Lookup...

Rates Have Hit All-Time Low Levels Again

CNBC and Bankrate.com just reported that home loan rates are at their all time lows. Yes, all time lows! This is great news for anyone who has yet to refinance to take advantage of the lowest rates ever recorded, or to purchase that new home or investment property more affordable than ever before. Both 30...

Buyers Take The May 2010 New Home Sales Data All The Way To The Bank

One month after the federal homebuyer tax credit’s official expiration, the New Home Sales report turned in its worst showing ever. In May 2010, for the first time in 11 months, the inventory of unsold new homes crossed the 8-month marker, posting an 8.5 month supply overall. Additionally, new homes...

A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent. In its press release, the FOMC said that, since April, “the economic recovery is proceeding” and...

What’s Ahead For Mortgage Rates This Week : June 21, 2010

Mortgage markets improved last week on weaker-than-expected jobless figures, ongoing troubles in Europe, and a tame reading on domestic inflation. As a result, conforming mortgage rates for Washington fell last week, drawing loads of new refinance applications. For a brief moment Thursday afternoon,...

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