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Daily Mortgage Update provided by CU Mortgage Division:
 
7 Weeks Remain To Find A Home, Claim Up To $8,000 In Tax Credits
3/9/2010 7:46 AM
In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers -- homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take advantage. To be eligible, home buyers must be under contr...Read More
 
What’s Ahead For Mortgage Rates This Week : March 8, 2010
3/8/2010 7:45 AM
Mortgage markets improved last week in low-volume trading...Read More
 
Pending Home Sales Drag In January, But Should Rebound For Spring
3/5/2010 7:46 AM
Fewer homes went under contract in January as the housing market continues to limp through the winter months. According to the National Association of Realtors®, the Pending Home Sales Index fell to its lowest level in 3 quarters this January. By contrast, in October 2009, the index had touched a 3-year high...Read More
 
Tying Friday’s Jobs Report To Rising Mortgage Rates
3/4/2010 7:46 AM
Non-Farm Payrolls is the official name of the government's monthly jobs report and, given the fragile state of the U.S. economy, Wall Street will be watching it closely. Mortgage rates could spike come Friday morning...Read More
 
How To Properly Screen A Prospective Tenant
3/3/2010 7:46 AM
According to the the National Association of Realtors®, "distressed homes" represented nearly 2 of every fifth home sold in January 2010. Clearly, real estate investors are taking advantage of good deals on cheap property. But there's risk involved...Read More
 
Existing Home Sales Drop Again In January But Stay On The Trendline
3/2/2010 7:46 AM
Anecdotal evidence is showing sales activity higher through February and into March. And, although it's unlikely we'll see a spike through April like we did last November, buy-side demand for homes should remain strong. The good news of the sagging sales reports is that today's buyers may find home prices are lower and sellers are more willing to n...Read More
 
What’s Ahead For Mortgage Rates This Week : March 1, 2010
3/1/2010 7:45 AM
Mortgage markets improved last week as economic reports painted a less-than-stellar portrait of the U.S. economy and concerns of a looming monetary policy change eased. Mortgage pricing improved dramatically, despite a late-Friday retreat...Read More
 
The Home Price Index Shows Some Regions Up, Some Regions Down
2/26/2010 7:46 AM
Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by 1.6 percent nationally in December. And that's an average, of course. Some regions performed well in December as compared to November, others didn't...Read More
 
As The Supply Of New Homes Grows, So Does The Opportunity For A “Good Deal”
2/25/2010 7:46 AM
New Home Sales fell 11 percent from the month prior and posted the fewest units sold in a month since 1963 -- the year the government first started tracking New Home Sales data. It may be good for home buyers...Read More
 
December 2009 Case-Shiller Data Shows Battered Markets In Bona Fide Recovery
2/24/2010 7:45 AM
Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3...Read More




 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

CU Mortgage Division - Located at O Bee Credit Union
8665 Martin Way E, Lacey, WA 98516

E-Mail: wm(at)cumortgagedivision.com
Ph: (360) 539-4687
Fax: (253) 320-7539

Mailing Address: PO Box 489, Tenino, WA 98589-0489

 

 

CU Mortgage Division proudly serves all Residents of Washington State. CU Mortgage Division is a branch of Network Funding L.P. (NMLS# # 2297 ) a Direct Mortgage Lender. This branch of Network Funding is licensed by the Washington State Department of Financial Institutions, Consumer Loan License #520-CL-26248-425529 / NMLS # 65808

Copyright © 2010 CU Mortgage Division a Branch of Network Funding L.P.