Mortgage Industry Blog

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Mortgage and Lending - Guild Mortgage Company - NMLS 264607, NMLS 3274
RECENT BLOG POSTS
Foreclosures Sink To 4-Year Low   Foreclosure activity continues to slow. According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve. “Fo...
08/15/2011
A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)   Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 — the first time in 5 meetings that the nation’s Centra...
08/10/2011
Mortgage Rates Drop After U.S. Credit Downgrade   Mortgage rates continue drifting downward, despite — or because of — a ratings downgrade on long-term U.S. government debt. Standard & Poors issued a single-notch downgrade after Friday’s market close, from AAA to AA+. Of the roughly $9.4 billion...
08/10/2011
New Home Supplies Drop, And So Does Homebuilder Confidence     On paper, the market for newly-built, single-family homes looks healthy. Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 pe...
08/08/2011
What's Ahead For Mortgage Rates This Week : June 27, 2011 Mortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in South Carolina fell last week and now hover near the all-t...
08/08/2011
Top 25 Least Expensive U.S. Cities     A report issued Monday by the U.S. government showed core inflation rising 2.5 percent in the last 12 months for its biggest one-year gain since January 2010. Everyday living is becoming expensive, it seems. But there are some U.S. towns in which the cost of...
08/08/2011
Pending Home Sales Unexpectedly Spike In May The summer housing market is heating up. According to data from the National Association of REALTORS®, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May.  Wall Street calls were for an increase of ju...
08/08/2011
5-Year ARM Falls To Historic Lows     The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There's never been a better time to lock an ARM. According to Freddie Mac's weekly Primary Mortgage Market Survey, homeowne...
08/08/2011
What's Ahead For Mortgage Rates : Week Of July 5, 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 b...
08/08/2011
      As home buyers in the Oconee 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 "feel"?  In this 5-minute pi...
08/08/2011
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Frank Hilliard

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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!