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...

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...

Business television is abuzz  with talk of “4.5%”.  The news stems from a leaked story that the U.S. Treasury will intervene in the mortgage market, lowering rates a full percentage point below their current levels. As cited by every journalist in every publication, however, the story is 100% speculation. ...