Last Friday’s suprisingly strong payroll figures likely reinforced for many investors that the next time the Fed makes a change to their monetary policy strategy-it will likely to raise short-term interest rates. The actual date of such an event may be months away-but an increasing number of “stronger than expected” economic reports are making it [...]
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Low foreclosures, stable home prices and affordability make eighth-ranked St. Louis a good bet for home buyers, according to a report released by Forbes.com last Friday. Forbes gathered data from the National Association of Home Builders and Wells Fargo’s Housing Opportunity Index (HOI). The index measures median home prices against median incomes. Additional data overlays included [...] When considering historically low interest rates, competitive home values along with the $8,000 First-Time Homebuyer and $6,500 Repeat Homebuyer Tax Credits, potential homebuyers still have a great opportunity. THE TIME TO ACT IS NOW. The Federal Reserve indicates it will stop buying mortgage-backed securities toward the end of the first quarter. Most mortgage experts believe that mortgage [...] More than 380 mortgage lending operations nationwide have ceased operation since 2006, according to the Mortgage Lender Implode-O-Meter website. However in spite of a tough and demanding economic market, Paramount Mortgage this week celebrated it’s 40 year anniversary! “Expect Excellence” has been our corporate motto and the driving force in our philosophy of providing exemplary customer service,” [...] There is time left for qualified buyers to take advantage of the 2009 First-Time Home Buyer’s $8,000 Tax Credit & Repeat Home Buyer’s $6,500 Tax Credit. Binding sales contract must be executed by April 30, 2010, the closing can be extended until June 30, 2010. The newly expanded first-time homebuyer and repeat homebuyer tax credit [...] FHA loans gained in popularity for borrowers as applications for FHA-guaranteed mortgages exceeded an annual rate of 3 million in October; nearly triple the level in 2007. In 2006, when subprime and other Wall Street programs were at full speed, the annual rate for applications was less than 600,000. As a result the Federal Housing Administration [...] The mortgage market will be besieged this week by a wave of worry…demand concerns related to Treasury auctions to the question about what happens if Fed Chairman Bernanke is not confirmed for another term… uncertainty seldom pushes rates lower. St. Louis Mortgage Rates – January 27, 2009 * 30-year fixed-rate mortgage 5.00% no points St. Louis mortgage rates this week remain unchanged on fixed rate loans this week but dropped slightly on ARM’s according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates – January 13, 2009 * 30-year fixed-rate mortgage [...] St. Louis mortgage rates this week bounced around a bit with 30 year fixed rate mortgages and ARM’s decreasing slightly while 15 year fixed rate mortgage rates increased according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates [...] St. Louis mortgage rates inreased again this week bringing 30 year rates above 5 percent according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates – December 30, 2009 * 30-year fixed-rate mortgage 5.25% no points St. Louis mortgage rates inched up slightly this week but remained at near record-lows according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates – December 15, 2009 * 30-year fixed-rate mortgage 5.00% no [...] St. Louis mortgage rates remained at near record-lows this week, with only the 30 year fixed rate mortgage rates increasing slightly, according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates – December 9, 2009 [...] St. Louis mortgage rates remained at near record-lows this week according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates - December 2, 2009 * Tweet This Post St. Louis mortgage rates remained at near record-lows this week according to St. Louis-based Paramount Mortgage Company. Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there. St. Louis Mortgage Rates – November 25, 2009 * Tweet This Post |
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