A few weeks ago, HUD announced a new program created for first time home buyers which rewards them with reduced mortgage insurance premiums after they participate in home buyer education and one-on-one housing counseling. HAWK or Homeowners Armed with Knowledge is a pilot program set be released in two phases on a limited basis.
The FHA HAWK Program for Homebuyers
June 10, 2014 by 4 Comments
What May Impact Mortgage Rates this Week: June 9, 2014
June 9, 2014 by 1 Comment
This week’s economic calendar appears to be on the lighter side.
- Thursday, June 12: Retail Sales and Initial Jobless Claims
- Friday, June 13: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)
Mortgage rates are still at very low levels. [Read more…]
What May Impact Mortgage Rates this Week: June 2, 2014
June 3, 2014 by Leave a Comment
I am writing this post from the 2014 Flat Coat Retriever Specialty competition in Albany Oregon. This photo is from this morning’s sweepstakes for 6-9 month old puppies and I”m pleased to share with you that Hitch and I took 4th place out of 16 puppies. Not too bad for our first show (both rookies). This has nothing to do with mortgages but I’m so proud of my puppy, that I just had to share this with you.
Okay…back to mortgages and what may impact the direction of rates this week. No economic indicators were released today. Here’s what the rest of the week looks like:
NEWS FLASH: Home Advantage Rebound DPA is no longer available
May 30, 2014 by Leave a Comment
This morning I received an email from the Washington State Housing Finance Commission that one of the Home Advantage Rebound program has ran out of funds and is no longer available. If you were planning on using this for your down payment assistance, and you have a transaction in progress, check with your mortgage originator asap to see if the funds were reserved. If they were not reserved, then you’ll need to come up with a “plan b”, which may include using their stand-by program Home Advantage.
Just for Fun: Black Velvet Janet Yellen
May 30, 2014 by 2 Comments
You may or may not know that one of my hobbies is painting. I especially enjoy painting on black velvet and recently completed a painting of our Federal Reserve Board Chair, Janet Yellen.
Because it’s Friday… I thought I’d share it with you just for fun.
Ms. Yellen is now hanging in my office at Mortgage Master Service Corporation.
You can see more of my artwork at www.rhondaporterart.com
What May Impact Mortgage Rates this Week: May 26, 2014 – Mortgage Rates trending lower
May 28, 2014 by 1 Comment
We begin this week with celebrating Memorial Day, to remember and thank our Veterans and their families for their sacrifices when serving our country.
Here are some of the economic indicators scheduled to be released this week:
First Time Home Buyers Guide Book
May 24, 2014 by Leave a Comment
Check out the latest edition of Your First Home Mortgage Guide.
Although I wrote this book with first time home buyers in mind, a majority of the content is relevant to all home buyers.
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