2010 Conforming Loan Limits
A conforming mortgage is one that, quite literally, conforms to the mortgage guidelines set forth by Fannie Mae or Freddie Mac. Each year, the government sets the maximum allowable loan size for a conforming mortgage, based on 'typical' housing ...
Posted by Paula Henry on November 30, 2009 in Mortgage News and Info
Banks Raise Mortgage Qualification Standards
Despite the economy's improvement and prodding from Congress, banks don't seem ready to open their purse strings just yet. Nationally, mortgage approval . The data comes from a quarterly survey the Federal Reserve sends to its member banks....
Posted by Paula Henry on November 29, 2009 in Mortgage News and Info
One Reason Why Mortgage Rates Are Back To All-Time Lows
Home affordability improved this week after the Federal Reserve released its November 3-4, 2009 meeting minutes.
The FOMC Minutes is a companion to the Federal Reserve's post-meeting press release. It's released 3 weeks after the Fed ...
Posted by Paula Henry on November 28, 2009 in Mortgage News and Info
The Home Price Index Shows Home Values Increasing. Case-Shiller Agrees.
It's official -- home prices are no longer in free fall.
According to the Federal Housing Finance Agency, the Home Price Index posted its since 2007 last quarter.
The news was reported Tuesday.
The Home Price Index is an interesting ...
Posted by Paula Henry on November 27, 2009 in Market Statistics
Is Hansen and Horn the Next Casualty of The Indianapolis Real Estate Market
Will Hansen and Horn Home Builders be the next casualty of the Indianpolis real estate market?
The talk on the street indicates it is probable. It was first reported on WishTV.com the Indianapolis home builder was having problems paying bills and is ...
Posted by Paula Henry on November 25, 2009 in Community News
Indianapolis Offers Most Affordable Housing
Indianapolis offers the most affordable housing in the nation, according to CNNMoney. You can read the full story here.
I don't know what the criteria was for determining the most affordable cities to buy a home. It appears to be based on income, ...
Posted by Paula Henry on November 21, 2009 in Community News
6 Lessons From My Granddaughter
There are lessons to be learned in every breathing moment, should we take time to stop and look around. Sometimes the profound smacks us upside the head and says, “Pay attention”; other times the soft whisper of the wind and the sunset ...
Posted by Paula Henry on November 8, 2009 in Random Thoughts