Neil Coleman Mortgage Matters

Follow me
By
Mortgage and Lending - First Midwest Bank - Conventional / VA / Jumbo / FHA/ USDA - 143306
RECENT BLOG POSTS
Last week’s economic news was relatively flat, but highlights include the NAHB Housing Market Index for May, which posted its lowest reading since May 2013. Although analysts expected a May reading of 48, the May 2014 index reading was 45 as compared to April’s reading of 46. The NAHB reported th...
05/19/2014
The Bureau of Labor Statistics recently reported that there are 3.5 million people who have been unemployed for six months or longer. That is one million fewer than a year ago, but still an alarmingly high number compared to historical data. Since records began in 1948, there's never been this ma...
05/19/2014
Homeowners who want to increase the appeal of their residence before putting it up for sale can, within a few hours and with a little elbow grease, perform some do-it-yourself (DIY) kitchen upgrades that are sure to pique the interest of would-be buyers. Many people either have or are in the proc...
05/17/2014
We will continue to float headed into the weekend, but as we have been saying, Mortgage Bond prices are near the October resistance highs. Each time we have hit these levels, prices have dropped. MARKET WRAP: Into the 5th month of tapering, Mortgage Bond prices are at their best levels since the ...
05/16/2014
Construction of new homes surged in April from March, as the warmer weather ushered in builders to break ground on new homes at the fastest pace in 2014. The Commerce Department reported that Housing Starts jumped 13.2% in April to an annual rate of 1.07 million units, above the 975,000 that was ...
05/16/2014
Over the course of a lifetime, financial development can lead to some wonderful opportunities. A person’s financial development and state of affairs is something that is particularly important when it comes to taking out a bank loan to further progress in life, and the largest loan most people wi...
05/07/2014
The spring home buying season is in full bloom and with home loan rates near historically attractive levels, mortgage application activity picked up last week. The Mortgage Bankers Association reported that its Market Composite Index, a measure of total loan application volume, rose by 5.3% in th...
05/07/2014
Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better. Ideally, the amount of money you settle on for your mortgage down paym...
05/07/2014
Home prices continue to rise across the U.S., but the year-over-year gains are somewhat declining after the big gains seen in 2013. Corelogic reported that home prices, including distressed sales, rose by 11.13% year-over-year in March after a 11.81% increase in February. That is the 25th straigh...
05/06/2014
The economic calendar is on the light side this week.  The only report released Monday was the ISM Service Index, which came in at 55.2 in April. The 55.2 was above the expectation of 54.0 and up from the 53.1 registered in March. Within the report it showed that the employment component fell 2.3...
05/05/2014
Rainer
391,190

Neil J Coleman

"Best Loan Officer" Illinois Mortgage Banker Assoc
Ask me a question about Mortgage Lending or Real Estate
*
*
*
*
Spam prevention