About the Author
James K Barath, CMPS®
James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, qualified liability advisor and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval ! His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!
My Contributions
Several Fed Members Open To New Stimulus, But When?
If you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready in the event additional monetary stimulus is needed. The Fed Minutes function much like the minutes from a business meeting or a homeowners association meeting. It’s a detailed review of... [Read more]
Home Affordability Improves Once Again Thanks To Greece
Home affordability once again is receiving a boost from across the Atlantic Ocean this spring. For the third time in as many years, a weakening Eurozone is pushing May mortgage rates to new lows throughout Northwest Indiana and suburbs of Chicago Illinois. The story centers in Greece and began in 2010. 2 years ago, it was uncovered that successive Greece governments had purposefully misreported the... [Read more]
The Week Ahead for Mortgage Rates: May 14, 2012
Mortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone’s future. Political and economic issues continue to weigh on Greece and Spain, and it’s still unknown how France’s new President will change that nation’s fiscal direction. Conforming mortgage rates in Northwest Indiana and suburbs of Chicago Illinois... [Read more]
Mortgage Rates Hit Rock-Bottom Again, But For How Long?
Conforming mortgage rates continue to drop. For the second straight week, the 30-year fixed rate mortgage fell to a new, all-time low nationwide. According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate dropped 1 basis point to 3.83% this week for borrowers willing to pay 0.7 discount points plus a full set of closing costs. The 15-year fixed rate mortgage... [Read more]
Don’t Rush To Refinance Your ARM, LIBOR is Low
Is your mortgage scheduled to adjust this season? You may want to let it. This year’s ARM-holding homeowners in Northwest Indiana and suburbs of Chicago Illinois are finding out that an adjusting mortgage may be the simplest way to get access to today’s low mortgage rates — without paying the closing costs. Currently, conventional adjustable-rate mortgages are adjusting to near 3.00... [Read more]
Reverse Mortgage – Don’t Believe the Hype, Learn the Facts
Despite several big-name banks pulling the product from their respective home loan offerings, reverse mortgages remain a popular mortgage choice among homeowners aged 62 or over. A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Rather than borrow a fixed amount of money then pay that loan balance down to zero as with a “forward” mortgage, a reverse mortgage... [Read more]
The Week Ahead for Mortgage Rates: May 7, 2012
After two weeks of no change, mortgage markets improved last week, pushing mortgage rates lower throughout Northwest Indiana and suburbs of Chicago Illinois. The majority of the improvements occurred Friday after the April jobs report failed to impress Wall Street, and after it became clear that the Eurozone’s struggles with sovereign debt would continue. According to Freddie Mac, conforming... [Read more]
What’s Your Mortgage Rate Strategy for April’s Jobs Report
Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don’t know in which direction they’ll move. It’s a risky time for Northwest Indiana and suburb of Chicago Illinois home buyers to be without a locked mortgage rate. The action begins at 7:30 A.M. CT Friday. This is when the government’s... [Read more]
Mortgage Guidelines Tighten But Home Loans Still Available
Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Last quarter, by a margin of 3-to-2, more banks tightened residential mortgage lending standards for “prime borrowers” than did loosen them. A “prime borrower” is defined as one with a well-documented credit history, high credit scores, and a low debt-to-income... [Read more]
