Investment Mortgage Guy

Standard & Poors released its Case-Shiller Index Wednesday. The report shows that, on a seasonally-adjusted basis, between December and January, home prices rose in more than half of the index’s tracked markets. The strength of this month’s Case-Shiller report, however, should be put in context.

[Read more →]

Starting Monday, April 5, 2010, getting an FHA mortgage will be more expensive. That means you’ll want to give a full mortgage application before the weekend so your lender can register your loan in time for the deadline.

[Read more →]

Mortgage markets tanked last week, raising rates to their highest levels in a month. Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months.

[Read more →]

Home values fell again in January, according to the Federal Home Finance Agency’s Home Price Index. Values were reported down 0.6 percent, on average. But it’s hardly helpful information for buyers and sellers.

[Read more →]

If you’re among the Americans expecting a tax refund this year, this 4-minute piece from NBC’s The Today Show may be helpful. It’s a talk about how to receive a refund and what to do with it.

[Read more →]

As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. But it may not last long.

[Read more →]

CNNMoney.com recently published its 2010 forecast and projections for home prices in the country’s largest metro markets. Listed as “Top 25″ and also comprehensively by state, CNNMoney.com’s home price forecasts puts Santa Rosa, California at the top of 2010’s home appreciation list and Hanford, California at its bottom.

[Read more →]

The Fed met this week and decided once again not to make any changes to the federal funds rate. The Federal Funds rate does NOT directly affect mortgage rates however. Mortgage rates are determined by supply and demand for mortgage backed securities on Wall Street. The Fed has been buying these securites in large quantities [...]

[Read more →]

I watched a lot of investors take advantage of some incredible deals in Minneapolis during early 2009. Homes were priced from $5000 to $40,000. The cash flow was insane. Slowly but surely however, these opportunities have been drying up. More and more investors have been brought into the mix and made the competition for the [...]

[Read more →]

According to the Star and Tribune, median homes prices for the Twin Cities increased from $150,000 in February of 2009 to $159,000 in February of 2010. In general, I agree with the article. I think we will see the median home prices continue to rise as the foreclosures move from inner city properties to the [...]

[Read more →]