Category Archives: Affordable Financial Services LTD

BY JANN SWANSON It appears that, while Americans are generally upbeat about the economy, housing, and their own financial fortunes, they have a little difficulty maintaining those sentiments. Fannie Mae said today that its Home Purchase Sentiment Index (HPSI) reversed direction again in September, falling 0.3 point to 87.7. The downturn did not erase the […]

Mortgage Credit Tightens, Government Programs Drive Change

BY JANN SWANSON The availability of mortgage credit at least as measured by the Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI) pulled back in September, with the government component of the index falling to the lowest level in four years. The MCAI registered 182.1 at month’s end, an 0.8 percent decline. An increase […]

Jobs report effects rates

It is unusual for the monthly employment report to be released on the first day of the month. Friday, the first day of June, was an exception. Logically, you would think that data released this early would be subject to a higher level of revisions, but we have no statistics to support that theory. What […]

Increase my Credit Score Now!

Recent changes in lending rules have made your credit score even more important to your long-term economic health. Mortgage, credit card, auto and other lenders are now charging a higher rate for lower credit scores. Someone may now pay more for insurance or rend based upon their score. What does this mean? In general, America’s […]

Refinancing Expected to Lose Market Share in 2014

Analysis reports on refinancing by Freddie Mac have shown that during the fourth quarter of 2013, the refinance share of applications averaged 56% in its monthly refinance survey. But its economists foresee a drop in refinances to 38% this year. Many homeowners who refinanced through Freddie Mac in 2013 have been choosing fixed rate mortgages […]

CoreLogic Reports 26th Straight Month of Foreclosure Declines

CoreLogic’s most recent National Foreclosure Report announced that foreclosures across the U.S. have fallen 14% between December 2012 and December 2013. This marks 26 consecutive months of falling foreclosure rates and 15 straight months of year-over-year declines. These statistics show that the housing market is improving, despite the disappointing pending home sales report from the […]