A Guide to the Pennsylvania Mortgage Market
A Guide to the Pennsylvania Mortgage Market
ARCHIVED BLOG POSTS
2010
Housing Starts Data Hints That Housing Will Expand Even After The Tax Credit Expires After a strong March showing and a surprise upward-revision for February, Housing Starts are, once again, trending better. It's yet another signal that the housing market in Pittsburgh has stabilized. A Housing S...
04/21/2010
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Why should I buy, instead of rent? Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. Th...
04/21/2010
The bond market has opened in positive territory on Friday following early stock selling and weaker than expected economic news. The stock markets have shown significant weakness today with the Dow down 104 points and the Nasdaq down 24 points. The bond market is up 7/32, which should improve thi...
04/16/2010
The spread between Adjustable Rate Mortgages and Fixed Rate Mortgages is getting wider. Now may be a good time to take another look at an ARM. Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week's...
04/16/2010
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With tighter underwriting guidelines, mortgage approvals are not as easy to come by as in years past. Once a mortgage approval is obtained it should be handled with "kid gloves". Keeping that in mind, here are 8 things you should absolutely not do between the date of application and the date of ...
04/15/2010
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The are several reasons a homebuyer in PA would look for an FHA mortgage. Below are three primary reasons to ask your lender for an FHA loan instead of taking a conventional loan. Easier to Qualify - Because FHA insures your mortgage, lenders are more willing to give loans with lower qualifying...
04/15/2010
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The bond market has opened in negative territory this Wednesday following the release of stronger than expected consumer spending data. The stock markets have reacted favorably to the same data and earnings news from JPMorgan and Intel. The Dow currently is up 45 points while the Nasdaq has gaine...
04/14/2010
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For those considering financing/refinancing their home, they should.... Lock if their closing was taking place within 7 days... Lock if their closing was taking place between 8 and 20 days... Float if their closing was taking place between 21 and 60 days... Float if their closing was taking plac...
04/13/2010
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A common question from customers involves the Truth in Lending (TIL) statement and the percentage listed on this statement. This percentage is known as the APR. The APR or Annual Percentage Rate is a percentage that reflects the cost of credit as a yearly rate. This rate is generally higher tha...
04/13/2010
This is such an important blog that I have decided to Re-Blog it so I can always find it quickly for reference. How to Create a Blog Post for Customers and Search Engines. There are three important audiences to be writing for: 1. Other members and friends of your Social Networks. 2. Consumers,...
04/09/2010
Rainmaker
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651,443
Keith Landis
Pennsylvania - "Your Pennsylvania Mortgage Source"