Austin Herbert Mortgage Blog

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Mortgage and Lending - DNJ Gateway Mortgage
Relevant, timely, important information about Real Estate, Mortgage Finance, and Personal Finance.
RECENT BLOG POSTS
One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder's Housing Market Index rebounded two points to 15 in July. The monthly Housing Market Index is scored on a 1-100 scale. Readings above 50 indicate favor...
07/19/2011
The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing. In June, for the 12th straight month, retail receipts rose, excluding cars and auto parts. Analysts expected no change from May. Instead, receipts topped...
07/15/2011
For the 9th straight month last month, foreclosure activity slowed. According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June. The phrase "foreclosure filing" is a catch-all term, comprising default notices, sche...
07/14/2011
  The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Georgia have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market ...
07/13/2011
More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents. A loan's APR is printed in the top-left corner of the Federal Truth-In-Lending Disclosure, as shown above. W...
07/12/2011
Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week's two big stories were the same two stories roiling mortgage markets since March - Greece and Jobs. In both instances, rate shoppers won. Conforming mortgage rates in Florida improved for the first...
07/11/2011
  The year is half-over. It's an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the "experts" can be wrong as often as they are right. For as much experience and authority an expert brings to the conversation, though, nobody can accurately...
07/08/2011
Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you're currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report's release. Often, by a lot. More commonly called...
07/07/2011
http://www.msnbc.msn.com/id/32545640 As home buyers in the Apex area , we tend to research homes a lot. We look at square footage; at upgrades; at landscaping; at community statistics; and, at every other "number" on which we can get our hands. But those are just statistics. What about the home's...
07/06/2011
Mortgage markets worsened last week as Wall Street's renewed optimism pushed equities to their best one-week gain in 2 years. The change in  sentiment was bad news for rate shoppers, however, as investors pored into stocks at the expense of bonds. Last week, for the first time since February, mor...
07/05/2011
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Relevant, timely, important information about Real Estate, Mortgage Finance, and Personal Finance.