Posted by William Doom in Featured Articles, Mortgage on 05 5th, 2009 | 1 Comment
Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast (Chart)
It’s already May, and time for another Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast Loans closed in May will have first payment dates of July 2009. If April was a harbinger of things to come for May, Homeowners and Homebuyers will be the proud recipients of stable LOW Historic Mortgage Rates (see chart).  The FED will continue its Agency Mortgage-Backed Securities Purchase Program, which is will temporarily keep rates low.  Once the Purchase Program wraps, “Hello Carter era Rates”! From...
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Posted by William Doom on 05 6th, 2009 Build and Destroy - It’s...
It is about time! Kudos Guaranty Bank. The simplest way to limit the supply is to eliminate it. Not only does it limit the supply, it detours future dilapidation and possible degradation.
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Posted by William Doom on 04 28th, 2009 $25K Phoenix Foreclosure M...
$25k Phoenix Bank Owned Foreclosure Map
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Posted by William Doom on 04 25th, 2009 The Market Is Heating Up, ...
The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inventory is down 900,000 from its July 2008 peak. These are two encouraging signs. Meanwhile, in a separate report,...
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Posted by Sarah Reiter on 04 24th, 2009 First Time Home Buyers $80...
Not only are prices great and mortgage rates low, but there is also an $8,000 Tax Credit for First Time Home Buyers which equates to now is a great time to buy a home! So what defines a First Time Home Buyer? The IRS website states that a first time home buyer is anyone that has not owned a home in the past 3 years prior to the purchase. This tax credit is for the purchase of a primary residence (you...
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Posted by William Doom on 04 18th, 2009 Update On 2009 First-Time ...
Rer IRS Website: This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.The amount of the credit...
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Posted by William Doom on 04 18th, 2009 Mortgage Rates April 17, 2...
Mortgage Rates April 17, 2009 – Mortgage Week In Review
Mortgage Rates increased April 17, for a second day as MBS posted another day of losses.  Week over week rates are posted a 10bp improvement.  Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates. Feel Free to contact Your Mortgage Planner William Doom to discus Home Financing. Overall rates remain low for the time being, thanks to the...
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