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...

As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country. “High cost” is defined by a regions’ median sales price. With the temporary increase, a greater share of Americans can now qualify for...

Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties.  The restriction reversal does come with new minimum requirements, however. Homeowners buying...

FHA 203(k) Rehabilitation Home Mortgage loans are used to Purchase or Refinance and rehabilitate an existing One to Four family residences (Residence must be 1 year old) that will be used for residential purposes. FHA approved Condos are eligible as well. With Conforming loans a lender will not release...

Image via Wikipedia Open Houses–Jan 10th, 17th, and 18th!! If you are curious on how the foreclosure auction process works don’t be shy.  There are 100’s of open houses valleywide both this weekend and next weekend.  Homes in all price ranges will be auctioned off at a public...

Don’t miss this week’s Top 50 REO Foreclosures in Greater Phoenix, AZ. This is an ever-changing list, so check back often, as inventory changes on a daily basis…

http://www.flickr.com/photos/axeldeviaje/300817084/sizes/m/#cc_license Now more than ever is the best time to Purchase a home in U.S. history! You may ask why, think I am crazy or just writing this post due to the fact my job revolves around assisting individuals in the process of purchasing their home. As...

The Fed has taken Historic Action and has established a Target Range vs. a Flat Rate.  Target range for the federal funds rate of 0 to 1/4 percent. (This should be interesting for Prime? Credit and Money is NOW Cheep. Didn’t we do this in 2001-2003?) Given the overall decline in the U.S. Economy,...

While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows. If you or anyone you know are looking to take advantage of these low rates, let me explain why now is the time to act. Lately there has been talk...

Image by respres via Flickr Sarah Reiter a Phoenix, AZ Realtor that specializes in helping buyers, investors, first-time homebuyers and veterans find the best deals in today’s HOT foreclosure market! Offers her Hottest Bank Owned REO Properties for REO PHX Blog readers. Sarah’s Most Recent...