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Mortgage and Lending - Platinum Funding Group, Inc.NMLS-243033 - NMLS 4195
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RECENT BLOG POSTS
Earlier today, 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 10-0 — the third straight meeting after which the FOMC vote was unanimous. In its press release, the FOMC noted that since its March 20...
04/27/2011
After posting an all-time low in February, New Home Sales rebounded strongly last month. Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It’s an 11 percent improvement from February, and right ...
04/27/2011
Mortgage markets improved slightly through last week’s holiday-shortened trading sessions. Better-than-expected housing data led mortgage rates higher Tuesday and Wednesday, but rates retreated Thursday morning in advance of Good Friday. Markets were closed Thursday afternoon and Friday. They re-...
04/25/2011
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis. The strong results re-establish the national, long-term trend toward rising home resales. March marked the 6th month out o...
04/21/2011
According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February’s 2-year low. We can’t put too much faith in the data, however, because for the second straight month, the government reports that the data’s margin of error — ...
04/20/2011
Homebuilder confidence is falling — a good sign for buyers of newly-built homes in and around Pelican Hill. According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in...
04/19/2011
Mortgage markets improved last week, buoyed by two days of out-sized gains. Mortgage rates bounced off their 8-week highs on much weaker-than-expected inflation data, and debt concerns abroad. It’s an abrupt change in mortgage rate momentum. Since the Federal Reserve’s March 2011 meeting, in whic...
04/18/2011
Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 20...
04/18/2011
Inflation pressures are mounting in the United States. And, Friday, the Consumer Price Index should prove it. More commonly called “The Cost of Living Index”, CPI measures cost changes in the typical items bought by American households. Among others, CPI measures goods and service in apparel and ...
04/14/2011
After this week ends, the FHA is raising mortgage insurance premiums on its new Irvine borrowers. It’s the FHA’s third such increase in the last 12 months. Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or 0.25%. Ag...
04/13/2011
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TiffanyTaylor

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