April 2010 Mortage Articles

Fed Extends Historically Low Interest Rates

April 28th, 2010
Earlier today, Wednesday April 28th, the Federal Reserve announced that they are once again keeping bank rates near zero, continuing the trend of historically low rates. The statement released...  Read More

First-Time Home Buyer $8,000 Tax Credit Set to Expire in One Week!

April 23rd, 2010
Homebuyer activity is picking up as the deadline for the $8,000 first-time home buyer tax credit nears, with record sales coming across the wire.CNN reports that new home sales increased...  Read More

Mortgage Applications Continue to Drop

April 18th, 2010

Data released by the Mortgage Bankers Association indicates a slowdown in home purchases and refinances. Other economic data points to continued growth in the economy without more jobs. Here is...  Read More

Mortgage Rates Affected By US Debt Rating

April 15th, 2010

Basic investing theory holds that the greater the risk, the greater the expected return. What happens when the safest investments–US Treasuries–are considered a greater risk?And how would that affect your...  Read More

Refinance Mortgage Applications Drop

April 09th, 2010

Mortgage markets are topsy-turvy as the Fed stops buying mortgages, positive and negative economic data is released, and home buyers return. Rates are in a state of flux between lack...  Read More

Fed Exits Market: What it Means For Mortgage Rates and Your Mortgage Application

April 08th, 2010

The several days of trading following the exit of the Federal Reserve from the mortgage markets saw mortgage rates jump. Purchase and refinance mortgage applications were affected and will continue...  Read More

Mortgage Rates Jump as Fed Stops Buying

April 01st, 2010
The Federal Reserve’s program to buy up mortgage-backed securities (MBS) has ended, creating a void in market that may lead to higher mortgage rates. Newly released housing and economic data...  Read More