Archive | May, 2008
Jobless Claims increase again…
Today’s 10-year bond moved dramatically in our favor. Whenever news about “jobless claims increasing” comes out you should expect rates to come down little. April’s Industrial Production report was also released this morning and it stated a 0.7% decline in output. This was a much more than the 0.3% decline that analysts expected. We saw [...]
Continue reading...Updated loan limits help people with high balance mortgages to refinance at lower rates
12. May 2008
I wanted to pass along some important information that you may or may not have heard. This is prevalent to people who are currently looking to refinance or purchase a home as a Jumbo loan. For single-family homes $417,000 has been the maximum loan amount for a “conforming” mortgage, but the recent economic stimulus plan [...]
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15. May 2008
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