Indiana Housing Rate Reduced for First Time Homebuyers in Indianapolis
I've written many times about the first time home buyer program through Indiana Housing. The program allows first time home buyers to take advantage of down payment assistance up to 6% of the purchase amount or a maximum of $7500.00.
As of September ...
Posted by Paula Henry on September 26, 2011 in Buyer Resources
A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.
In its press release, the FOMC noted that the U.S. economy 'has continued to strengthen', that the jobs markets is getting better, ...
Posted by Paula Henry on January 27, 2010 in Mortgage News and Info
The Bad Jobs Report Wasn't All Bad Mortgage Rates Fell
Despite the headlines, it's important to remember that December's jobs report wasn't all bad news.
Sure, the economy shed 85,000 jobs last month and the Unemployment Rate failed to dip below 10%, but for home buyers and rate shoppers in ...
Posted by Paula Henry on January 12, 2010 in Mortgage News and Info
Simple Real Estate Definitions : APR
APR is an acronym for Annual Percentage Rate. It's a government-mandated calculation meant to simplify the comparison of mortgage options.
A loan's APR can always be found in the top-left corner of the Federal Truth-In-Lending ...
Posted by Paula Henry on December 1, 2009 in Real Estate Terms
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
Mortgage Rates Fell Tuesday Making Homes in Indy Less Expensive
Like everything else on Wall Street, mortgage markets are based on supply and demand. When demand outweighs supply, mortgage rates fall. There is demand this week!
I have received many calls since Tuesday from homebuyers who wonder what the ...
Posted by Paula Henry on November 29, 2008 in Mortgage News and Info
How The Presidential Election Impacts Home Affordability
More than a handful would-be Indianapolis home buyers stayed on the sidelines this year, waiting for Election Day to pass. The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze ...
Posted by Paula Henry on November 4, 2008 in Mortgage News and Info
Making English Out Of Fed-Speak (October 2008)
The Federal Open Market Committee voted to cut the Fed Funds Rate by one-half percent today. The benchmark rate now stands at 1.000 percent.
In its press release, the Fed wasted no time addressing the key issue at-hand, stating ...
Posted by Paula Henry on October 31, 2008 in Mortgage News and Info
The Impact Of The Federal Reserve's Emergency Half-Point Rate Cut To 1.500 Percent
The Federal Reserve made an 'emergency rate cut' yesterday morning, dropping the Fed Funds Rate by one half-percent to 1.500 percent.
The move is meant to stimulate the U.S. economy.
When the Federal Reserve changes the Fed Funds Rate, it often ...
Posted by Paula Henry on October 10, 2008 in Mortgage News and Info
Why The Government's Takeover Of Fannie Mae and Freddie Mac Is Lowering Mortgage Rates
When comparing two investments with equal risk, a rational person will choose the investment with a higher rate of return. This behavior is called Risk Aversion and is a basic tenet of personal investing. An off-shoot of Risk Aversion is ...
Posted by Paula Henry on September 9, 2008 in Mortgage News and Info
The Midwest Flooding And Its Impact On Your Home Mortgage
Flooding in Indiana and the Midwest has displaced thousands of families and caused billions of dollars in damages. It may also cause mortgage rates to rise. As the extent of the damage becomes more clear, prices for grain and livestock ...
Posted by Paula Henry on June 20, 2008 in Mortgage News and Info