Category: Blog
The Dos & Don’ts Of Credit Scores
Here are some important facts about credit scores you should know! Don't Apply For New Credit during the loan process. Every time that you have your credit pulled by a potential creditor or lender, you can lose points from your credit score immediately. Don't Close Credit Card Accounts. If you close a credit card
North Star Funding donates to the Youth Consultation Service
Northstar donates to the Youth Consultation Service for the 16th Annual YCS Festival of Flavors. Each day YCS provides services to thousands of New Jersey families who have children, birth – adulthood, with special needs. Some of the children in their group homes are separated from their loved one
Use The Slower Real Estate Market To Your Advantage
According to the National Association of Realtors, existing home sales rose strongly in September. But the winter and holiday months are typically a slower time of year for real estate. That can work to the buyer’s advantage, though. Fewer real estate transactions can translate to less compet
Rates go down after Britain pulled out of the Euro
U.S. Mortgage Rates Fall With 30-Year at Three-Year Low of 3.54%By Prashant Gopalhttps://bloom.bg/1XrtpT1Bloomberg Mortgage rates for 30-year U.S. loans fell to the lowest level in three years as expectations for the Federal Reserve’s June meeting and Britain’s potential exit from the European Union d
Credit Checks: How Credit Report Inquiries Affect Your Credit Score
Will my FICO Scores drop if I apply for new credit? If you apply for several credit cards within a short period of time, multiple inquiries will appear on your report. Looking for new credit can equate with higher risk, but most Credit Scores are not aff
Small Banks and CUs Adjusted Well to CFPB Mortgage Rules: GAO
National Mortgage News reports that new Consumer Financial Protection Bureau rules may increase compliance costs and cause a shift with the community lenders to leave the mortgage business. However, a watchdog report found that smaller organizations have remained active. Monday, a Government Accountability Office
MBS Day Ahead: Every NFP Week is Important Until Fed Hike (or Lack Thereof)
Back in 2015–almost exactly a year ago, actually–the order of the day was determining the timing of the Fed’s first rate hike since the financial crisis. By late October, we knew the hike was finally coming in December. Investors figured the Fed would deliver the news in a
Inventory and Appraisal Issues Complicate Existing Sales
“Frustratingly low inventory levels in many parts of the country” assume the fault from the National Association of Realtors® (NAR) for a drop in July existing home deals, the first loss following four straight months of gains. Resales of single-family homes, townhomes, condominiums, and com
Mortgage Rates Rise Slightly on Strong Jobs Report: Freddie Mac
Mortgage rates were little changed from the previous week as they rose two basis points on better-than-expected economic news, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.45% for the week ending Aug. 11, up from last weekwhen it averaged 3.43%. A year ago at this time, the 30-year fixed-r
Resurgence of PMI Could Force FHA to Cut Premiums
In last month’s Housing Finance Chartbook the Urban Institute showed how a recent surge in issuance of private mortgage insurance (PMI) had come at the expense of the Federal Housing Administration’s (FHA’s) Mortgage Insurance Fund (MIF). PMI grew from a 33 percent share of the market in Quarter
Mortgage Rates Near 2-Month Lows
Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in nearly 2 months. You’d have to go back early August or late July. It depends on the lender to see a better combination of rate and upfront cost. This raises a c
MBS Day Ahead: Are Bond Markets Reading From Same Scary Script?
There are no significant economic reports or scheduled events on tap for today. This will give us an opportunity to feel out the new trading ideas, not only for the rest of the week (which ends with Friday’s NFP), but for the month of October in general. It turns out that October is historic