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Mortgage and Lending - Mortgages Unlimited - MUI NMLS #225504
My blog will try to provide you insights into mortgage lending, my prospectives into the real estate market and general information. I provide this based upon my 35+ years in the real estate, building and now for the past 20 years the mortgage industry.



Conforming mortgage rates rose by 0.625 percent Wednesday.  Yes, you read it right.  Zero-point-six-two-five percent. The surprise surge in pricing started shortly after 1:00 P.M. ET, then continued all the way until the market's closing.  It was the sharpest one-day surge in mortgage rates in re...
Each month, researchers measure home values in 20 large U.S. cities, then compile their findings in a report called the Case-Shiller Index.  It's a popular measurement of housing health across the country, but it's far from perfect.  As 3 examples: It gives more weight to expensive homes than in...
Mortgage markets reacted poorly to not-as-strong-as-expected housing data and employment data last week causing mortgage rates to rise on the week overall. It was the third time in 4 weeks that mortgage rates were up. To the detriment of rate shoppers, mortgage rates were especially volatile Thu...
Rates go up, rates go down. Catch them while you can. After Wednesday's mortgage market rally drove rates down by a bunch, Thursday's sell-off pushed them right back up. This has been a common pattern in the skittish world of mortgage rates this year. With the U.S. economy still teetering betwee...
Mortgage rates fell after the Federal Reserve released its April 28-29, 2009 meeting's internal notes Wednesday. Officially known as "Fed Minutes", the report is an in-depth account Federal Reserve's last get-together, detailing the discussions and decisions that create our country's monetary pol...
A "housing start" is a new home on which construction has started and, for the fourth straight month, single-family home construction remained flat in April. For the battered housing market, this is the latest in a series of signals that a long-awaited turnaround is coming. The number of homes un...
Visit msnbc.com for Breaking News, World News, and News about the Economy According to the American Resort Development Association, there are more than 4 million timeshare owners across the United States.  There are ample buying opportunities, but what if you want to sell your timeshare? In this...
After a dreadful start to the month of May, mortgage markets improved last week, pushing mortgage rates lower overall. It was the first week since late-April in which mortgage rates fell. The biggest reason rates improved last week was because the economic optimism that was responsible for the st...
Getting approved for a home loan isn't getting easier, but it doesn't appear to be getting much more difficult, either. In its quarterly survey to member banks, the Federal Reserve asked senior bank loan officers whether "prime" residential mortgage guidelines had tightened in the last 3 months. ...
Home affordability improved again Wednesday after the government reported worse-than-expected results for April's Retail Sales report. Mortgage rates edged lower for the third consecutive day. The impetus for the rate rally this week may be a long-awaited stock market correction.  After touching ...

David Kosmecki

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