Mortgage and Home Loan News

In a little less than two weeks, spring will have officially arrived and with the change of the season, there are several things to be done before you can fully enjoy the warmer weather. While spring cleaning can seem like a cliché, it's immensely important when it comes to maintaining the condition of your home. full story

Last week saw mortgage rates holding relatively steady even though the first-of-the month cascade of data revealed a bit more hope for the budding economic recovery. The ISM Manufacturing Index expanded for the seventh straight month, but a slower pace than previously noted before. Dipping to 56.5, February's reading was slightly lower than most economists' predictions. full story

Not only are mortgage rates still lingering around historic lows, but there's the continuing incentive of the homebuyer tax credit for those looking to purchase. Buyers are not the only ones who will reap the benefits of the season; sellers are likely to be very prosperous as well. Whether you're going into the summer with the intention of selling your home or you're looking for simple ways to revive your living space, here are a few tips to consider: full story

Reaching its highest point in over two years, the ISM non-manufacturing index rose to 53% during the month of February. Up from January's 50.5%, last month's index was best reading seen since December 2007. Dating back to August, the index has mostly been fluctuating between 48% and 51%. Readings that are over 50% generally indicate that more firms said that businesses were improving. full story

Much of the optimism about the pace of economic recovery evaporated last week, as economic news turned mostly sour. Sales of previously owned U.S. homes declined 7.2% to an annual pace of 5.05 million. Many are concerned that the first time homebuyer credit is losing steam and sales numbers should accordingly adjust. full story