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Mortgage and Lending - Jamie Russen - Greentree Mortgage - NMLS ID #95705
RECENT BLOG POSTS
Last week marked the 3rd consecutive week through which conforming mortgage rates dropped, the longest such streak since February. Mortgage rates in Voorhees are now scraping their lowest levels of the year. A few interesting stories developed last week. First, the Federal Open Market Committee m...
05/02/2011
This is now something that needs to go under consideration buy your buyers. The lender paid option will not work for every buyer that you have but for the ones with the higher fico's there is now a new option for them. Here is a quick break down on what customer would fit this lender paid mortgag...
05/01/2011
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month. A "pending home sale" is a home under contract to sell, but not yet closed. The Pending Home Sales Index rose 5 percent in March, posting its second-highest reading since April 2010. Not ...
04/29/2011
Earlier today, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 - the third straight meeting after which the FOMC vote was unanimous. In its press release, the FOMC noted that since its March 2...
04/27/2011
The Federal Open Market Committee starts a two-day meeting today, the third of its 8 scheduled meetings this year. The FOMC is a special, 12-person committee within the Federal Reserve. It’s led by Fed Chairman Ben Bernanke and the group is responsible for voting on our nation’s monetary policy....
04/26/2011
A lot of Home Owners today have no idea what exactly is covered under their Home Owners Insurance Policy. Most of the time this is a last minute item that they pay for prior to their loan closing. A major misconception about these policies is that almost every repair that is needed is covered. T...
04/25/2011
Mortgage markets improved slightly through last week's holiday-shortened trading sessions. Better-than-expected housing data led mortgage rates higher Tuesday and Wednesday, but rates retreated Thursday morning in advance of Good Friday. Markets were closed Thursday afternoon and Friday. They re...
04/25/2011
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis. The strong results re-establish the national, long-term trend toward rising home resales. March marked the 6th month out ...
04/21/2011
According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February's 2-year low. We can't put too much faith in the data, however, because for the second straight month, the government reports that the data's margin of error -...
04/20/2011
There is no larger purchase that you will make in your life than buying a home. It is critical for First Time Home Buyers today to understand some key terms while applying for their first mortgage. I notice that a lot of First Time Buyers are almost afraid to ask questions. This should never be t...
04/19/2011
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Jamie Russen

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