Mortgage Rates Look Likely to Fall or Hold Steady Today

March 14 mortgage rate lock recommendation. If you’re closing on a home soon, you won’t want to miss this!

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The past few years there’s been a great debate in housing, the question of whether we have set credit standards so high that qualified borrowers cannot get a mortgage. Today the magic number for real estate borrowers is 43 percent, as in a “debt-to-income” or “DTI” ratio of 43... Read more
FHA loans are provided through the Federal Housing Administration (FHA), an agency of the U.S. Department of Housing and Urban Development (HUD). The FHA does not make mortgage loans, but it insures its approved mortgage lenders against losses resulting from mortgage defaults and foreclosures. First-time homebuyers often find FHA... Read more
Buying a home is an incredibly rewarding experience, but let’s be honest. For some of us, the process can be confusing and challenging even under the best of circumstances. I know a bit about this, because I’ve done it twice – most recently in April. For me, the analogy... Read more

The Federal Reserve recently renewed its pledge to keep interest rates low, holding the interbank overnight rates in the zero to 0.25 percent range. In it’s official statement the Fed relayed information from the Federal Open Market Committee (FOMC) which suggests that economic activity has continued to strengthen and that the labor market is stabilizing.

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President Obama is moving to further regulate the financial industry by preventing commercial banks from certain activities like investing in stock markets or commodities exchanges for their own benefits.

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