John J. Moriarty's (jmoriarty) Blog

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Mortgage and Lending - MetLife Auto & Home®
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  For over 140 Years MetLife Auto & Home has been building a reputation of integrity, leadership and financial strength and we are committed to being the absolute best in paying claims.  MetLife is an A+ Excellent rated company, over $600 Billion strong, and the largest life insurance company in ...
10/12/2009
Conforming Limit Increase: Did Not Impact Limits in Minneapolis/St. PaulA quick update on the political gymnastics on display over the proposed increase to conforming loan limits, from our source:For the home (MN) crowd: when congress raised the conforming limit to $625/$725/$730/Whatever it had...
06/03/2008
 Looks like rates may have come to a short term top on Friday
04/20/2008
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Thank you!
04/05/2008
Please keep in mind that Freddie Mac's survey is always talking about the previous week because their survey results are compiled on Thursdaays from date of the oprevious week... The better way to see rate actiivty is to follow the Bond Market activity... as here below this chart of the last mont...
04/05/2008
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Types of Loans Thirty-Year Fixed Rate MortgageThe traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjusta...
04/05/2008
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Why Use a Broker? Independent mortgage brokers have had a significant positive impact on the lending industry. Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers. What is a Mortgage Broker?A mortgage broker is an independent real-estate f...
04/05/2008
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Mortgage Glossary 2/1 Buy Down MortgageThe 2/1 Buy Down Mortgage allows the borrower to qualify at below market rates so they can borrow more. The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year. It then rem...
04/05/2008
Home Purchase Basics Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Here's some information that will keep you on track. In General.... A home purchase may be your largest financi...
04/05/2008
For Immediate Release April 03, 2008 LONG-TERM MORTGAGE RATES DRIFT SLIGHTLY UPWARD THIS WEEKShort-Term Rates Go The Other WayMcLean, VA - Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.88 ...
04/05/2008
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John J. Moriarty

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