Bernanke Announces Blueprint for Fed Tapering

On Wednesday, Federal Reserve Chairman Ben S. Bernanke said the Fed will continue its policy of Quantitative Easing (QE) by purchasing additional mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion...
What is your Home Ownership IQ?

What is your Home Ownership IQ?

Whether you are new to the housing market or are living in your third or fourth home, it’s important to be on the up and up when it comes to mortgages. It is by far, the largest investment most people will make over the course of their lives. However, a new survey...

Mortgage applications rose last week despite rate increase

Demand for U. S. mortgages rose last week even as interest rates climbed. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 3.4 percent in the week ended...

Home prices rise for fifth month in a row

According to CNNMoney.com, the housing market continues to gain momentum as home prices rose 0.9% in 20 major cities. The slow improvement in the economy and low mortgage rates have contributed to the ongoing recovery.  Interest rates on a 30-year mortgage are the...
Record Low Mortgage Rates Helping to Stir the Housing Market

Record Low Mortgage Rates Helping to Stir the Housing Market

Freddie Mac released the results of its Primary Market Survey and the average 30-year and 15-year fixed rate mortgage has new all-time record lows. Freddie Mac’s chief economist believes these record low rates have accounted for the increased demand in housing....