Mortgage News and Tips

Tiger Woods Goes Jumbo – Super Jumbo Actually

Tiger Woods has spared no time making the most of life since his divorce. Fresh from his split with former Swedish model Elin Nordegren, the star golfer signed on to a $54 million mortgage for his in-progress mansion on Jupiter Island, Florida. When finished, Tiger’s beautiful bachelor pad is predicted to be worth somewhere around $100 million. Related posts:

Market Update – Concerns of Stalling Economy Ease

Bonds took a nose dive after the non-farm payrolls number came in better than expected. The prior month's number was also revised to show that companies added more jobs than originally reported. This is easing concern that the economic recovery is stalling. The unemployment rate stayed flat month over month at 9.6%. Related posts:

Buying a Home Before You Sell Your Home

In today's buyer's market, many current homeowners are tempted to buy a new home before they sell their current home. What are the options for homeowners who don't have equity? We take a look. Related posts:

Market Update – Positive Manufacturing Report Sends Equities Higher

The economy received some good news from the manufacturing sector on Wednesday sending equities higher and treasury and mortgage prices lower. Mortgage bonds are lower this morning after yesterday's sell-off and subsequent reprice. Today's July pending home sales report showed an unexpected gain in the month-over-month number. However, year-over-year home sales are down -20.1%. Finally, the July factory orders report came in as expected, showing a very small increase. Related posts:

Mortgage Rates Haven’t Been This Low Since…

Mortgage rates are incredibly low offering current and potential homeowners one of the best times in history to get or refinance a mortgage. We take a trip back in time and take a look at how much things cost the last time we saw rates this low. Related posts:

Stock Market Rallies – Could This Be the End of Low Mortgage Rates?

Could today's stock market surge mean a rebound for our ailing economy? If so, the wide open window of record-low mortgage rates could be closing. Related posts:

Market Update – Consumer Confidence Report Exceeds Expectations

Economic signals were mixed yesterday with the June S&P/Case Shiller indices and August U.S. consumer confidence both exceeded predictions while the August Chicago purchasing managers index was below expectations. Mortgages and Treasuries are relatively flat as investors position themselves for Friday's employment report. Related posts: