February 3, 2010
A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
By way of example, a Short Sale may be appropriate for a home seller whose mortgage balance is [...]
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February 2, 2010
In a news-heavy week, mortgage markets improved last week, adding to a 3-week rally.
But, given last week’s data and domestic story lines, it’s surprising that rates actually fell.
The Federal Reserve said the economy continues to strengthen
Consumer Confidence pushed to a 2-year high
4th Quarter domestic output exceeded Wall Street’s expectations
Usually, events like these draw money away [...]
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