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Patty Immekus: MARKET UPDATE - APRIL 2013
http://pattyimmekus.blogspot.com/2013/05/market-update-april-2013.html
Tuesday, May 14, 2013. MARKET UPDATE - APRIL 2013. LACK OF SKILLED LABOR SLOWS NEW HOME CONSTRUCTION:. NO END IN SIGHT AS HOME PRICES CONTINUE TO RISE:. Home prices nationally jumped another 8.1% in January; the largest gain since June 2006. The Phoenix market continued to lead the recovery, followed closely by Las Vegas. THE FED KEEPS PRESSURE ON INTEREST RATES:. Interest rates are on the rise, but the Federal Reserve is committed, at least short term, to keeping rates low. In the Phoenix metropolitan m...
Patty Immekus: MARKET UPDATE - MAY 2013
http://pattyimmekus.blogspot.com/2013/05/market-update-may-2013.html
Tuesday, May 14, 2013. MARKET UPDATE - MAY 2013. HOME AFFORDABLE REFINANCE PROGRAM EXTENDED THROUGH 2015:. The Home Affordable Refinance Program, better known as HARP, will be extended through 2015. That is good news for the estimated 2 million homeowners that qualify for HARP, but have yet to participate. This may prove to be beneficial to home buyers as well. The Federal Reserve will likely continue to keep pressure on interest rates longer than expected due to the HARP extension. US homeownership fall...
Patty Immekus: January 2012
http://pattyimmekus.blogspot.com/2012_01_01_archive.html
Tuesday, January 31, 2012. MARKET UPDATE FEBRUARY 2012. REFINANCE PROGRAM FOR NON GSE (FANNIE / FREDDIE) MORTGAGES:. If you have been turned down for a HARP I or II refinance because your current mortgage is not guaranteed by Fannie Mae or Freddie Mac, your luck may be changing soon. On January 24, The President proposed the Fed’s recommendation publically; but unlike the HARP II program, this one would have to be approved by Congress. 183; Dodd-Frank Wall Street Reform and Consumer Protection Act: The R...
Patty Immekus: October 2011
http://pattyimmekus.blogspot.com/2011_10_01_archive.html
Tuesday, October 25, 2011. MARKET UPDATE - NOVEMBER 2011. VALUE NO LONGER AN ISSUE ON CONFORMING REFINANCES. Whether you like his policies or not, if you are a home owner, you will likely want to take advantage of the new revisions President Obama recently made on the HARP Program. No late payments in the last 6 months and no more than one late payment in the last 12 months. Loan must be guaranteed by Fannie Mae or Freddie Mac. If there is a 2nd mortgage, 2nd mortgage lender must agree to subordinate.
Patty Immekus: June 2013
http://pattyimmekus.blogspot.com/2013_06_01_archive.html
Wednesday, June 5, 2013. MARKET UPDATE JUNE 2013. INTEREST RATES GET HAMMERED IN MAY:. 30 year fixed mortgages in the 3%s may be just a memory in the near future. Interest rates experienced wild volatility in May with 30 year fixed mortgage rates up nearly 0.5% in the last thirty days. Rates are going up, and will likely be considerably higher by year’s end due to an improving economy and the winding down of the Fed’s Quantitative Easing. HOUSING PRICES AND INVENTORY UP IN APRIL:. 8220;The Troubled Asset...
Patty Immekus: May 2013
http://pattyimmekus.blogspot.com/2013_05_01_archive.html
Tuesday, May 14, 2013. MARKET UPDATE - MAY 2013. HOME AFFORDABLE REFINANCE PROGRAM EXTENDED THROUGH 2015:. The Home Affordable Refinance Program, better known as HARP, will be extended through 2015. That is good news for the estimated 2 million homeowners that qualify for HARP, but have yet to participate. This may prove to be beneficial to home buyers as well. The Federal Reserve will likely continue to keep pressure on interest rates longer than expected due to the HARP extension. US homeownership fall...
Patty Immekus: July 2012
http://pattyimmekus.blogspot.com/2012_07_01_archive.html
Thursday, July 26, 2012. Market Update July 2012. NEW HOME SALES ON THE RISE:. CFPB TO REWRITE LOAN OFFICER COMPENSATION RULES… AGAIN:. The Federal Reserve stated that the rule on loan officer compensation would hurt small businesses; and it did. But more importantly it hurt the consumer, the very people it was trying to protect. Let’s hope the CFPB gets it right. I am not holding my breath. FORECLOSURES BACK ON THE RISE:. FED PULLS THE TRIGGER ON OPERATION TWIST:. FHA REFI BOOM IS HERE:. Interest rates ...
Patty Immekus: MARKET UPDATE ~ JUNE 2013
http://pattyimmekus.blogspot.com/2013/06/market-update-june-2013.html
Wednesday, June 5, 2013. MARKET UPDATE JUNE 2013. INTEREST RATES GET HAMMERED IN MAY:. 30 year fixed mortgages in the 3%s may be just a memory in the near future. Interest rates experienced wild volatility in May with 30 year fixed mortgage rates up nearly 0.5% in the last thirty days. Rates are going up, and will likely be considerably higher by year’s end due to an improving economy and the winding down of the Fed’s Quantitative Easing. HOUSING PRICES AND INVENTORY UP IN APRIL:. 8220;The Troubled Asset...
Patty Immekus: July 2011
http://pattyimmekus.blogspot.com/2011_07_01_archive.html
Thursday, July 28, 2011. MARKET UPDATE AUGUST 2011. ARIZONA REAL ESTATE SALES HIT RECORD:. The Arizona MLS reported 10,509 as the number of sales for June 2011. The previous record was 10,252 sales in June 2005. (Grand Canyon Title Agency) At the time of this publication, that number had not yet been verified, but if the number is remotely close, it is good news for the Arizona real estate market. WELLS FARGO GETS THEIR HAND SLAPPED:. US HOME PRICES TREND HIGHER:. DODD-FRANK ACT IS NOT THE SOLUTION:.
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Patty's Market Update
My Blog: pattyimmekus.blogspot.com. MARKET UPDATE - August 2014. By Patty Immekus on 08/05/14. FANNIE MAE SHORT SALE GUIDELINE CHANGE AUGUST 16. Waiting Periods Under the Old Guideline. Waiting Periods Under the New Guideline. 7 years from the date the deed to the property was transferred back to the servicer. 4 years from the date the deed to the property was transferred back to the servicer. No LTV/CLTV limitations. EXISTING HOME SALES ON THE DECLINE. Existing home sales in June decline 2.3% from J...
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