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2010
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The Mortgage Backed Securities market opened higher on Friday morning with no new data and little news. Trading quickly began losing ground. The volatility began to slow shortly before noon. By early afternoon, the volatility returned resulting in a worsening of mortgage rates around 4 pm. T...
08/21/2010
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When purchasing properties, here are some important things to consider. Everything is not a simple as it looks on TV. Flips that Flop! It seems with the advent of Reality TV and the Real Estate bubble of the mid 2000's, there have been half a dozen or more shows on flipping houses. Simply pu...
08/21/2010
When facing financial difficulties, foreclosure should be at the bottom of the option list. The basics on why foreclosure is NOT a valid choice for homeowners right now There are many people who think that foreclosure is a valid option for distressed properties at this time. IT IS NOT! In fact,...
08/20/2010
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Here are some great tips to consider when doing a kitchen remodel. Even the most cursory viewing of home improvement shows, has reinforced the mantra; kitchens and bathrooms sell homes. What the shows don't tell you, is how to get the most bang for your buck. Too often, the homes featured, showc...
08/20/2010
Funds have now been exhausted for the State Energy Efficient Appliance Program. Applications are still being accepted for a waiting list only with no guarantee of funds availability. The rebates range from $25 to $199 for a qualified purchases. Earlier this year, Georgia received approximately...
08/20/2010
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While treasuries and mortgages rallied on Thursday morning, they are still short of the record highs seen on Monday. This comes after disappointing manufacturing and employment data. The Philadelphia Fed Index came in at a one-year low of -7.7. It sharply missed the 7.5 reading that was expect...
08/20/2010
Today, Trans Union reported today that mortgage delinquencies (defined as the ratio of borrowers 60 or more days past due) in Atlanta and across Georgia have slightlydeclined in the second quarter of the year. This is the third quarter in a row of improvement. The national delinquency rate cur...
08/17/2010
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Most of this morning's reports came in close to expectations. This leaves Treasuries relatively flat this morning. Advance retail sales showed a 0.4% increase, but that was slightly less than the 0.5% increase that had been widely expected. July Consumer Price Index made a 0.3% monthly increa...
08/13/2010
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The initial jobless claims unexpectedly rose to 484,000 in the week ending August 7. This is the highest level since February. Equity markets were down with treasuries relatively flat in the morning. Mortgages continue to be under selling pressure due to profit taking after prices reached hist...
08/12/2010
The FHA 203K Renovation loan is a loan financing option that many agents and buyers are not really aware of. The Streamline has no minimum repair amount and a limit of $35K in non-structural improvements. The Consultant 203k has a $5K minimum repair amount with no dollar limitation of the work be...
08/09/2010
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