This week after a huge drop in interest rates last week, this week should see some consolidation. The stock market and the bond markets are both technically over-extended. That said,…
Nick AlvinoJune 4, 2012
Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized. The median sales price increased from a year earlier in 74 of 146…
Nick AlvinoMay 15, 2012
This week there isn’t much in the way of key economic reports. Over the week-end French and Greek voters sent a strong message from their citizens and to Germany that…
Nick AlvinoMay 7, 2012
This week the FOMC meting is the report to watch. The policy statement Wednesday afternoon has many thinking the Fed will announce another QE move to keep rates from increasing. We…
Nick AlvinoApril 23, 2012
This week’s calendar has a number of key reports beginning Monday with March retail sales and the NY Empire State manufacturing index. The benchmark 10 yr note ended last week…
Nick AlvinoApril 16, 2012
• FHA Streamlined Refi. If you have an FHA loan that was endorsed on or before May 31, 2009, (call to confirm) and you've made the last 12 months of payments…
Nick AlvinoApril 10, 2012
• HARP 2.0. The second phase of the government's Home Affordable Refinance Program is designed to cast a wider net, so more homeowners will be able to refinance. The major change:…
Nick AlvinoApril 10, 2012
Last week saw a very weak employment report that drove interest rates, mortgages and treasuries lower. Treasuries will auction $66 billion of notes and bonds beginning Tuesday. Thursday and Friday…
Nick AlvinoApril 9, 2012
FHA has a few changes coming down starting with Case Numbers assigned after 4/1/2012 Mortgage Insurance – UP Front MI is going to 1.75% (Old amount was 1.00%) Monthly MI…
Nick AlvinoApril 1, 2012