by The 2 Mortgage Guys | Mar 15, 2011 | First Time Homebuyers, General News & Information, Government, Indiana Mortgage Blog
The Federal Open Market Committee meets today in Washington D.C. The FOMC is a special group within the Federal Reserve, led by Fed Chairman Ben Bernanke, and consisting of 12 members. The FOMC’s official schedule calls for 8 meetings annually at which it...
by The 2 Mortgage Guys | Feb 15, 2011 | General News & Information, Indiana Mortgage Blog
If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Tuesday, the Census Bureau released its national January Retail Sales figures and, for the seventh straight month, the data surpassed expectations. Last...
by The 2 Mortgage Guys | Feb 9, 2011 | First Time Homebuyers, General News & Information, Government, Indiana Mortgage Blog
Mortgage markets worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This is a huge...
by The 2 Mortgage Guys | Feb 8, 2011 | General News & Information, Indiana Mortgage Blog
If your ARM is due to adjust this spring, your best move may be to allow it. Don’t rush to refinance — your rate may be adjusting lower. It’s because of how adjusted mortgage rates are calculated. First, let’s look at the lifecycle of a...
by The 2 Mortgage Guys | Jan 24, 2011 | General News & Information, Indiana Mortgage Blog
Mortgage markets worsened last week in a holiday-shortened trading week. As the body of U.S. economic data continues to show slow, steady improvement, Wall Street is becoming a net-seller of mortgage-backed bonds. As a result, conforming mortgages rates in Indiana are...
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