David's Blog

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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.

ARCHIVED BLOG POSTS

2010 

Family Fest at the Nest: Date: Sunday August 29th,2010 | Time: 10:00 AM   | Venue: Lil Newton's Nest, Medicine Lake,  MN  Website: http://www.lnnest.com FREE family festival featuring a petting zoo, pony rides, face painting, a visit from the Plymouth Police Department, and other family-frien...
08/26/2010
Mortgage markets stalled last week in back-and-forth trading as Wall Street grappled with weak housing data, falling builder confidence, and worsening jobs numbers nationwide. Because markets were volatile, rate shopping was challenging. Conforming mortgage rates did managed to make a new all-tim...
08/26/2010
One day after the National Association of Realtors released the softest Existing Home Sales report since 1995, the U.S. Census Bureau released a similarly-weak New Home Sales report. Americans bought just 276,000 newly-built homes in July. That marks the fewest units sold since the government sta...
08/26/2010
The number of home resales plunged by 1.4 million units in July, according to the National Association of Realtors®' Existing Home Sales report. It's a drop of 27 percent from June; single-family home resales are at the report's lowest levels since May 1999. Furthermore, because of th...
08/26/2010
The tightening in mortgage-lending policies that characterized the last 3 years appears to be slowing. According to the Federal Reserve's quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It's a huge departu...
08/26/2010
Another week, another new low for conforming mortgage rates. In fact, this week marks the 9th time in a row it's happened. Mortgage rates are (again) at their lowest levels in history. The data comes from the Freddie Mac, a government group and major loan securitizer for the U.S. mortgage ma...
08/26/2010
How much does a mortgage cost? The answer depends on where you live. But no matter which your locale, chances are strong that you'll pay more for a mortgage in 2010 as compared to 2009. According to Bankrate.com and its annual Closing Cost Survey, a typical $200,000, purchase mortgage now ca...
08/19/2010
Sometimes, you need to look deeper than the headlines to get the news that matters. This basic truth's latest example comes from the July Housing Starts data, as published by the U.S. Census Bureau. According to the newspapers, Housing Starts improved last month: US Housing Starts Make Modest...
08/19/2010
Home builder confidence in the newly-built, single-family housing market is down for the third straight month this month. After reaching a 3-year high just 90 days ago, the National Association of Homebuilders' Housing Market Index is now at a multi-year low. It's since dropped by almost ...
08/19/2010
Mortgage markets worsened last week, putting a pause on the mortgage rate rally that dates to mid-April. Mortgage rates rose across Minnesota last week and home affordability suffered. The Refi Boom remains in full effect, but rates are not as dazzling as they were a week ago. It's somewhat s...
08/19/2010
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David Kosmecki

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