Explore Auburn, AL

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
Mortgage interest rates increased during the week ended March 13, in some cases more than wiping out the substantial declines reported for the week ended March 6.According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) had an average rate of 6.13 percent, a...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 1
Wednesday's bond market opened well in positive territory but has since given back part of those gains. The stock markets are showing losses after yesterday's huge rally. The Dow is currently down 25 points while the Nasdaq has fallen 15 points. The bond market is currently up 17/32, which should...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
TUESDAY AFTERNOON UPDATE: Today's FOMC meeting adjourned with an announcement of a three-quarter of a percent cut to key short-term interest rates. This led to a significant stock rally with the Dow up 420 points and the Nasdaq up 91 points. The bond market is currently down 42/32, which will lik...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
Housing starts and the pulling of construction permits continued to decline in February according to a monthly report issued by the U.S. Census Bureau and the Department of Housing and Urban Development.Building permits for all residential construction were issued at a seasonally adjusted annual ...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 1
Let's preface "mild correction" by admitting that there are fewer more hotly contested debates among compliance gurus than disclosure of PFC's and YSP. After working over the years with numerous people who I consider highly educated regarding compliance (and some of them with ties to state audito...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
Friday's bond market opened up sharply following weaker than expected inflation readings, but has since given back some of those gains. The stock markets are showing sizable losses with the Dow down 150 points and the Nasdaq down 35 points. The bond market is currently up 20/32, which should imp...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 2
The statistics are all over the place, but it is clear that not only are mortgage delinquencies and foreclosures skyrocketing, but millions of homeowners are "upside-down" in their mortgages; that is they owe more to the bank than their houses are worth and a report this week predicted that numbe...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 1
Mortgage interest rates made substantial moves during the week ended March 6 and 7, but according to surveys conducted by Freddie Mac and by the Mortgage Bankers Association (MBA) they made the moves in opposite directions. There are frequently differences in the trends revealed in the two survey...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
Life for Carlyle Capital has gotten even worse than we reported last week and by Thursday morning it appeared that the hedge fund would not survive. Another loser from last week, Thornburg Mortgage had a bit of a respite earlier this week but got clobbered by new news Thursday morning. The Carlyl...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 1
Treasury Secretary Henry M. Paulson, Jr. Thursday released recommendations from the President's Working Group on Financial Markets (PWG.)The PWG, headed by Paulson, is composed of the heads of the Federal Reserve Board, the Federal Reserve Bank of New York, the Securities and Exchange Commission ...

By Mara Hawks, Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL
(First Realty Auburn )
Comments 0
The following report is calculated by the Alabama Center of Real Estate. This report, along with more detailed information, can be found on their website: http://arerec.cba.ua.edu/  Are you considering a move into or out of Lee County Alabama? If you would like to receive these monthly reports, e...

By Mara Hawks, Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL
(First Realty Auburn )
Comments 6
SPRING is a time for all things growing to be renewed... a time for all things hibernating to awaken. A time to grow where you are planted and time to plant some things to grow. This link is filled with excellent and well-organized information on growing native and naturalized wildflowers in the ...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
Tuesday's bond market has opened well in negative territory following sharp gains in the stock markets. Stocks are doing very well this morning following an unusual move by the Fed to add liquidity to the markets. The results are stock rally and bond selling. The Dow is currently up over 200 poin...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
Three executives from major mortgage industry companies were on the hot seat Friday as the House Committee on Oversight and Government Reform looked into executive compensation at corporations involved in the subprime mortgage-market shakeout.The committee, headed by Rep. Henry Waxman, questioned...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
The U.S. Department of Housing and Urban Development announced today that it has charged Cesar A. Lopez, a Chicago landlord with housing discrimination for posting an on-line ad that discriminates against men and families with children. The Fair Housing Act makes it unlawful for a housing provide...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
We expected that the lead story of this week would be the Congressional testimony of Countrywide Mortgage CEO Angelo Mozilo and other mortgage company executives about their high levels of compensation which continue despite the enormous loses their companies have suffered in the subprime mortgag...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
The 30-year fixed-rate mortgage (FRM) climbed 20 basis points from the average 6.04 rate a week earlier although fees and points declined from 0.6 to 0.5. One year ago the 30-year FRM averaged 6.18 percent.The average contract interest rate of the 15-year FRM was 5.72 percent with 0.5 point, up f...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 1
Yet another program to help homeowners who are delinquent on their mortgages was announced last week by Fannie Mae. HomeSaver Advance, a part of the corporations larger HomeStay initiative, is not for everyone and sort of feels like a finger in the dike attempt to stop the tide of foreclosures, b...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
U.S. Housing and Urban Development Secretary Alphonso Jackson today announced that HUD's FHASecure product has helped 100,000 homeowners refinance their mortgages and avoid foreclosure.  Since September 2007, FHASecure has enabled tens of thousands of families - who are current on their home loan...

By Chris McDonald
(WR Starkey Mortgage, LLP.)
Comments 0
If you have been looking for a manufactured home mortgage then you just connected with the regions #1 source for MH mortgage loans. Our company is 100% dedicated to serving people in this badly underserved market. I guess if it were easy then everone would be doing it, right? Manufactured home mo...

Auburn, AL Real Estate Professionals