Dollars and Homes - Mortgage and interest rate news, data and analysis
Daily mortgage market and interest rate commentary, news, data and analysis by Bruce Brown, Branch Manager and Senior Loan Officer with Prime Lending in Kansas City.
ARCHIVED BLOG POSTS
2008
Existing Home Sales Are Relatively Unchanged Going On 14 Months Now In real estate, the term existing home refers to a "used" property; one that can't be classified as new construction. The number of existing homes sold each month is tracked by the National Association of REALTORS. The report ...
11/25/2008
Looking Back And Looking Ahead : November 24, 2008 As the stock market retraced to its 1997 level, mortgage markets improved last week -- but not by much. Mortgage rates closed out the week slightly lower, but the week wasn't without fireworks. Calls of deflation grew louder The automakers lef...
11/24/2008
Plunging Housing Starts Is Bad News For Spring 2009 Home Buyers When it comes to housing data, there are always two questions to consider: How does this impact buyers? How does this impact sellers? This is why housing data is rarely positive or negative on a universal level -- one group of Amer...
11/20/2008
The 2009 FHA Loan Limits For Every U.S. County In March 2008, HUD temporarily raised FHA loan limits around the country. Effective January 1, 2009, FHA loan limits revert. FHA home loans are mortgages made by private lenders and insured by the federal government. Historically, FHA home loans ...
11/18/2008
Looking Back And Looking Ahead : November 17, 2008 In another week of up-and-down trading, mortgage rates ended the week slightly higher last week. Ping-pong action like this has defined mortgage markets lately. It's increasingly common for rates to soar one day, and then come crashing down t...
11/17/2008
How The New Good Faith Estimate Form Can Help You Save Money On Your Mortgage To help demystify the mortgage process, the federal government is giving the much-maligned Good Faith Estimate document a makeover. Effective January 1, 2010, the current, 2-page form will be replaced by a new, eas...
11/14/2008
4 States Account For 51 Percent Of The Nation's October 2008 Foreclosures Foreclosure is a hot topic among the press lately. It's hard to turn on the television or open up a newspaper without seeing a story about it. But what's most interesting about foreclosures is that they appear to be conc...
11/13/2008
How Big Can A Mortgage Be And Not Be Considered "Jumbo"? For the 4th consecutive year, the government has set the conforming mortgage loan size limit at $417,000. A conforming mortgage is one that, quite literally, conforms to the mortgage guidelines set forth by Fannie Mae or Freddie Mac. The ...
11/12/2008
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Bruce Brown
Branch Manager/Senior Loan Officer/CMPS
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Lending / Financial
over 6 years ago
Lending / Financial
almost 8 years ago
Lending / Financial
almost 8 years ago