Neil Coleman Mortgage Matters

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Mortgage and Lending - First Midwest Bank - Conventional / VA / Jumbo / FHA/ USDA - 143306
RECENT BLOG POSTS
Last week’s economic news included several reports related to housing and mortgages. The NAR started the week on a positive note with its Pending Home Sales Index released Monday. Pending home sales in March were higher with an unexpected increase of 3.40 percent over February for an index readin...
05/04/2014
Believe it or not, paint colors can affect your mood. When remodeling your home, the color you use on the walls can end up being just as critical to the thematic consistency of your home as the furniture you use to decorate it. Before you slap any old color on the walls, take some time to conside...
05/04/2014
After the jobs report, we will recommend to float into the weekend. However, remember that the 4% coupon is again at the year highs and highs seen in June '13 and November '13, which has been a tough resistance level. If your rate sheet makes sense and you can't afford to lose pricing, then it is...
05/03/2014
Employers across the nation ramped up hiring new workers in April after the severe winter weather curtailed job creations. The Bureau of Labor Statistics reported that employers added 288,000 jobs last month, well above the 210,000 expected, while February and March were revised higher by a total...
05/03/2014
Americans filing for unemployment benefits jumped in the latest week as claims usually rise around Easter, due to the holiday falling on different dates each year. Weekly Initial Jobless Claims rose by 14,000 in the latest week to 344,000, above the 315K expected. The four-week moving average, wh...
05/01/2014
The FOMC of the Federal Reserve released its customary statement after its meeting concluded April 30. FOMC members said that the economy is improving after a winter lull caused by poor weather. The national unemployment rate remains high, although some improvement in labor markets was reported. ...
05/01/2014
Economic growth in the U.S. was anemic in the first quarter of 2014 due to a decline in exports, business inventory investment, nonresidential fixed investment, residential fixed investment and government spending. The Commerce Department reported that the first reading on Gross Domestic Product ...
05/01/2014
There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Here are 4 essential questions that you should ask before signing on the dotted line. 1. How Much Equity...
04/29/2014
Annual home price gains are beginning to slow due to rising mortgage rates along with difficulties in qualifying for a mortgage, reports the Case Shiller 20-city Index in February. The Index fell to 12.9%, just below the 13% expected and down from the 13.2% recorded year-over-year in January. The...
04/29/2014
Home prices continue to improve as the housing markets recovers. Black Knight Financial Services reported that prices were up 7.6% in February from the year ago period and up 0.7% from January. U.S. home prices are now off 13.5% from the June 2006 peak. The Black Knight Home Price Index represent...
04/28/2014
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Neil JColeman

"Best Loan Officer" Illinois Mortgage Banker Assoc
local_phone(708) 975-8884
smartphone(708) 975-8884
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