As the U.S. economy continues to strengthen in the eyes of investors, Treasuries have dropped to a four-month low. Also, most of this weeks economic releases will be housing focused. Whats Up on Wall Street? The U.S. markets closed with mixed results Friday after mildly disappointing economic reports curbed investor enthusiasm. The Dow Jones Industrial [...]
Category Archives: Real Estate Category
The FHA’s financial struggles are well documented, and the recently announced increase to the FHA’s mortgage insurance premiums is an attempt to bolster the loan insurer’s depleted reserves. Fannie Mae and Freddie Mac have also found a way to increase their profits and better shield themselves from risk. The GSEs are raising a mortgage [...]
Current low mortgage rates are holding on after the long anticipated Greece bailout was approved. While this long anticipated deal has been a driving force with markets, there were no significant rallies. There are still concerns about whether this new deal with Greece will work. Todays 30 year fixed mortgage rates are at 3.500%, 15 [...]
Is that really Detroit Lions superstar Ndamukong Suh? With his face on a Quicken Loans team member I.D.? . Is he with Quicken Loans now? Sort of. Well, he was yesterday. For a few minutes. Not sure how many exactly. But its official. For at least 10 minutes or so, Suh was a temporary team [...]
Readers of Victorian novels know what debtor’s prison is–a scabrous place where distressed maidens, handsome heroes and pitiable children who owe as little as 60 cents are locked up until their debts are paid. The U.S. abolished federal imprisonment for unpaid debts in 1833, and today, most of us are pretty sure that we [...]