Mortgage Industry Blog

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Mortgage and Lending - Guild Mortgage Company - NMLS 264607, NMLS 3274
RECENT BLOG POSTS
  Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average. FHA and conventional mortgage rates in South Carolina rose last week, marking the first time that's happene...
03/15/2010
      Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average. FHA and conventional mortgage rates in South Carolina rose last week, marking the first time that's happ...
03/15/2010
The Federal Housing Finance Agency has extended the government’s Home Affordable Refinance Program by 12 months. HARP’s new end date is June 30, 2011. Originally ...
03/11/2010
In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers - homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take advantag...
03/09/2010
  Mortgage markets improved last week in low-volume trading. Between Monday to Thursday, Wall Street focused on the upcoming jobs reports and mortgage markets gained while traders jockeyed for position. Mortgage rates drifted lower through Thursday afternoon. But, then, after a better-than-expect...
03/08/2010
All - Thinking of purchasing a new home?  Now may be the best time to do so.  Values and mortgage rates are low!  ARe you a First Time Hombuyer?  Jill Gabler of Allen Tate and myself are conducting a home buyer seminar on March 18, 2010 and welcome all buyers to attend!   Location:   935 South Ma...
03/07/2010
  Conforming and FHA mortgage rates in South Carolina have improved over the last 10 days, but that could all change this Friday with the release of February's Non-Farm Payrolls report. Non-Farm Payrolls is the official name of the government's monthly jobs report and, given the fragile state of ...
03/04/2010
  According to the the National Association of Realtors®, "distressed homes" represented nearly 2 of every fifth home sold in January 2010.  Clearly, real estate investors in Greer and around the country are taking advantage of good deals on cheap property.  But there's risk involved. This NBC To...
03/02/2010
  The winter months have not been kind to home sales. After plunging 17 percent in December, Existing Home Sales fell by an additional 7 percent in January, according to the National Association of Realtors®. An "existing home" is a home resold by a previous owner (i.e. not new construction). In ...
03/02/2010
Sponsered by Jill Gabler - Allen Tate Realtors - Greenville SC and Frank Hilliard - Merrimack Mortgage Company - Greer SC.  Location: 935 South Main Street Suite 400 Greenville SC 29601 Date: 03/18/2010 Time: 6:30-8:00 PM   First Time Homebuyer Tax Credit Expires  April 30th, 2010-Don't miss this...
03/01/2010
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Frank Hilliard

Seasoned Mortgage Professional
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Daily updates from the mortgage industry from Guild Mortgage's perspective. Keep track of weekly mortgage rate updates and many other issues impacting the mortgage finance world. I hope you enjoy the information contained in this blog!