Mortgage Industry Blog

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Mortgage and Lending - Guild Mortgage Company - NMLS 264607, NMLS 3274

ARCHIVED BLOG POSTS

2011 

A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition) Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 - the fourth straight unanimous vote for the nation'...
06/22/2011
Homebuilder Confidence Slips To 9-Month Low   Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month - three tic...
06/21/2011
What's Ahead For Mortgage Rates : Week of June 20, 2011   Mortgage markets improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation - an event that tends to lead rates higher - but weak domestic jobs data...
06/21/2011
  The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May. As compared to April, last month's Single-Family Housing Starts rose 4 percent to a seasonally-adjusted, annualized rate of 419,000 units, a figure sl...
06/19/2011
Foreclosure rates are falling. According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. A foreclosure filing is defined as any one of the following: a default notice, a scheduled auction, or a bank repossession...
06/19/2011
Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks. Mortgage rates are falling, falling, falling. On a wave of uncertainty about Greece and its debt; and weaker-than-expected economic data at home, conforming 30-year fixed rate mortgage rates have fallen to levels not seen...
06/14/2011
What's Ahead For Mortgage Rates This Week : June 13, 2011 Mortgage markets moved in feverish fashion last week, changing with extreme frequency, and eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated highe...
06/14/2011
Do You Know What Questions To Ask Your Lender? A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work - from mortgage types to mortgage fees. In this back-to-basics int...
06/10/2011
Temporary Conforming Loan Limits Expire September 30, 2011   If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent. These limits range up to $729,750 currently. "...
06/10/2011
"Homes Under Contract" Plunge 12 Percent In April Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April. The monthly index is published by the National Association of REALTORS® and measures the number of homes on which new contracts have been w...
06/10/2011
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