David Lukas's (dalukas) Blog

Mortgage and Lending - National Bank of Arkansas
The Family Home Show recently announced two big changes. First, the show has changed its name. The Family Money Show is now The Family Home Show. We feel that this is more fitting considering our emphasis on Real Estate and Mortgage Finance. Below is our new logo. Please let us know what you thin...
>The Federal Open Market Committee begins a 2-day meeting today, its fourth scheduled meeting of the year, and fifth overall. The FOMC is the monetary policy-setting part of the government and its primary tool for that purpose is the Fed Funds Rate.  The Fed Funds Rate is the dictated rate at whi...
>As its June 30, 2010 closing deadline approaches, the federal home buyer tax credit is back in the news. Unfortunately, the headlines are misleading. Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet. And h...
>If you plan to finance your Arkansas home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.  Starting next week, Fannie Mae is clamping down on the popular loan product. An "interest only" mortgage is exactly what its name implies -...
Mortgage markets posted four good days last week and one awful one.  Unfortunately for rate shoppers in Arkansas , that one bad day outweighed the gains of the other four and mortgage rates worsened on the week overall. Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and FH...
p> According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. As compared to May 2009, all 50 states now show an increase in annual REO activity. Data like that won't surprise today's ...
A new loan quality initiative from Fannie Mae is making it harder for North Little Rock home buyers and refinancing homeowners everywhere to close o...
Others Are Acting Quickly...Don't Miss This Opportunity  Many of my clients are saving a lot of money by taking advantage of the unusual opportunity that exists right now, and I wanted to make sure you didn't miss out. Interest rates have rallied and improved dramatically in the last few weeks. W...
  I was in the Radio Studio by myself this week. Part of the show I played "All About Credit" one of the Family Money Show Essential Series. May 23rd, 2010 Broadcast Family Money Show
  If you have dealt with a Frankie, please give me a call! David Lukas, CMPS National Bank of ArkansasWLR Office: 501-280-3435 Sherwood Office: 501-834-3441 Mobile: 501-952-3090 Fax:800-640-8394 Visit My Website at:www.DavidLukas.comI post daily to my blog: www.DailyMortgageReport.com

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