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Honest Mortgage Answers

http://virtualloanpro.blogspot.com/2007/06/we-are-giving-back-to-community.html

Monday, June 11, 2007. We are giving back to the community. The market is flooded with homes for sale and people are desperate to sell them. As a result there are literally thousands of homes for sale in all price ranges for pennies on the dollar. These homes are perfect for first time home buyers, people looking to move up to their next house, and investment properties. Are you currently stuck in a lease? Don’t let that affect your decision. We have a lease buy out assistance program. Links to this post:.

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Honest Mortgage Answers: Economic Update May 28, 2007

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Tuesday, May 29, 2007. Economic Update May 28, 2007. Last Week in the News. Existing home sales in April fell to a 5.99 million-unit annual pace, a 2.6% decrease from March's rate, the lowest level since June 2003, the National Association of Realtors said May 25. Economists had expected a slight rise in home resales. The inventory of homes for sale grew 10.4% to 4.2 million units, which represents an 8.4 months' supply at the current sales pace. Http:/ www.virtualloanpro.com/. Links to this post:. How d...

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Honest Mortgage Answers: Economic Update June 4rth, 2007

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Monday, June 04, 2007. Economic Update June 4rth, 2007. Last Week in the News. The first-quarter growth rate of the nation's gross domestic product was downgraded from a preliminary estimate of 1.3% to just 0.6%, the worst showing in more than four years, the Commerce Department said May 31. The foreign trade deficit was largely blamed for stunting growth. Consumer confidence increased as well, with The Conference Board, a private research group, reporting that its index of consumer confidence for May mo...

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Honest Mortgage Answers: 5 Reasons Why You Should Keep a Mortgage and Never Pay it Off

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Sunday, July 01, 2007. 5 Reasons Why You Should Keep a Mortgage and Never Pay it Off. 5 REASONS YOU SHOULD KEEP A MORTGAGE AND NEVER PAY IT OFF. Mortgage Planner and author Ric Eldeman urges consumers never to own their home outright or pay it off, regardless of age or income. Here are five reasons why Home Asset Advisor's mortgage planning principles can work for you:. 1, A mortgage is cheap money. Mortgages offer you the cheapest way to borrow, so it makes sense to get them the largest loan you can.

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Honest Mortgage Answers: Economic Update July 9th, 2007

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Monday, July 09, 2007. Economic Update July 9th, 2007. Last Week in the News. Output at U.S. factories, plants and utilities also expanded in June, the ISM reported July 2. The ISM's manufacturing index rose to 56 in June, above the May reading of 55, and higher than the market expectation of 55.4. The reading marked the fifth consecutive month of growth for the manufacturing sector. This week look for updates on the trade balance on July 12 and retail sales on July 13. Posted by Jason Lash at 10:31 AM.

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Honest Mortgage Answers: Economic Update June 11th, 2007

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Monday, June 11, 2007. Economic Update June 11th, 2007. Last Week in the News. The US. trade deficit - the gap between what America sells abroad and what it imports - totaled $58.5 billion in April, a 6.2% improvement over the March deficit, the Commerce Department reported June 8. Record-high exports of $129.5 billion, reflecting strong sales of soybeans and other farm products, commercial aircraft and industrial machinery, helped shrink the gap. Http:/ www.virtualloanpro.com/. Links to this post:.

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Honest Mortgage Answers: Economic Update July 2nd, 2007

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Monday, July 02, 2007. Economic Update July 2nd, 2007. Last Week in the News. Sales of new single-family homes fell 1.6% in May, far better than the 6.2% decline Wall Street had anticipated, the Commerce Department said June 26. The median price of a new home fell 0.9% to $236,100 in May, down from $238,200 in May 2006. Orders to U.S. factories for big-ticket manufactured goods - expected to last three or more years - dropped by 2.8% in May, the largest amount in four months, and a far bigger...Meanwhile...

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Honest Mortgage Answers: Economic Update June 18th, 2007

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Monday, June 18, 2007. Economic Update June 18th, 2007. Last Week in the News. Fueled by a surge in gasoline prices, May's Consumer Price Index increased 0.7%, its fastest pace in 20 months, the Labor Department reported June 15. However, core consumer prices, which exclude volatile food and energy costs, rose only 0.1%, slightly lower than the 0.2% analysts had predicted. Foreclosures for May were up 19% from April and up nearly 90% from May 2006, RealtyTrac reported June 14. In Nevada, there was on...

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Honest Mortgage Answers

http://virtualloanpro.blogspot.com/2007/06/last-week-in-news-construction-of-new.html

Monday, June 25, 2007. Last Week in the News. Construction of new homes in May fell to a seasonally adjusted annual rate of 1.47 million units, a 2.1% drop from April and a 24.2% decline from a year ago, the Commerce Department reported June 19. The decrease matched economists' expectations, and reflected weakness in the South and West, which offset construction gains made in the Northeast and Midwest. Rates on 30-year mortgages, after rising for five straight weeks, edged down slightly for the week....