Aaron Bruenger's (bringer2me) Blog

Low Mortgage Rates Are Back-For the Moment       If you missed out on refinancing your mortgage last spring, here's another opportunity.      A window has opened up in the mortgage market-thanks to some unusual movements in the bond market, home loan rates have come down in recent weeks. As you m...

  Encouraging news about the economy and the housing market continues to flood the news outlets. Sales of newly constructed homes leaped unexpectedly in July  to hit their highest level in nearly a year. New home sales clocked in at 433,000 versus the 390,000 that was expected.  Adding to the pos...

    Oil prices hit 2009 highs yesterday at nearly $75/barrel after hitting a low of $34 back in February. Interesting though is that the average price for a regular gallon of gasoline has remained steady at $2.64 a gallon, which is way below the $4.11 average from a year ago. Oil becomes relative...

  The Federal Reserve said Wednesday it appears that the U.S. economy has halted the longest period of decline since the Great Depression. As expected - the central bank left its key overnight interest rate at a 0% to 0.25% range. Meanwhile, the New York Federal Reserve purchased $20.4B in Mortga...

The mortgage industry is undergoing many changes to help provide homebuyers and homeowners better information about home financing. HERA, HOEPA, MDIA & HVCC are federal laws passed recently which mandate many new requirements and are now in effect. Hopefully this will help you understand some of...

The 2-day Federal Reserve Meeting began today and they will release their statement tomorrow afternoon. We all know the Fed is not about to raise rates tomorrow, but will they hint about a future rate hike? Will it be sooner or later? To head off the worst downturn since the Great Depression, the...

In my 10+ years in the mortgage banking industry I've never seen anything like this on a day-to-day basis. Mortgage Refinances have increased in the past week industry-wide. This comes on the heals of new and existing homes sales increasing due to relatively low mortgage rates and home prices, as...

  Wednesday the Fed statement came and went without much fanfare and the main reason is because the Federal Reserve didn't change rates or expand their Treasury Bond purchase program. Check out the Wall Street Journal breakdown of the Federal Reserve statement from June 24th. The one change in th...