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Latest Postings
- 6. January 2012: Michiana Mortgage Rates for the week of January 4, 2012
- 6. October 2011: South Bend IN. Mortgage Rates for the week of October 4, 2011
- 19. April 2011: Update!! Homepath Buyers Incentive
- 19. April 2011: Fannie Mae Homepath Financing Program
- 5. April 2011: HUD approved Condominium lookup
- 24. January 2011: First Federal Savings Bank honors First Time Home Buyers!
- 20. January 2011: First Time Buyer Program: Community Homebuyers Corporation
- 24. August 2010: Mortgage Rates for the week of 8/17/2010
- 26. May 2010: Mortgage Rates for the week of 5/25/2010
- 19. May 2010: Mortgage Rates for the week of 5/19/2010
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Archive for the Uncategorized Category
HUD approved Condominium lookup
5. April 2011 by Tim Vicsik.
If you’re looking in to purchasing a condominium or townhome using FHA as a loan product, be sure to make sure the property you are wanting to purchase is HUD approved. To verify a property is HUD approved visit this site and enter the required information.
https://entp.hud.gov/idapp/html/condlook.cfm
For information on Condominiums and Townhomes available in the South Bend or Notre Dame area visit www.ND-Condos.com.
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Mortgage Market News for the week ending March 5, 2010
6. March 2010 by Tim Vicsik.
| From the desk of:Brent Barnhart Loan Officer Ruoff Mortgage Co. 1612 South Bend Ave. South Bend, IN 46617 Economic data was the primary force driving mortgage rates this week. Generally weaker than expected data resulted in modest improvement in rates for most of the week. This was completely offset by an increase in rates on Friday due to stronger than expected Employment data, however, leaving mortgage rates nearly unchanged from last week.Against a consensus forecast for a decline of -50K jobs, the economy lost -36K jobs in February, and the revisions from prior months showed more jobs than previously reported. The Unemployment Rate remained unchanged from January at 9.7%, which was lower than expected. The payrolls figures and the unemployment rate are calculated from two separate sets of data. The payrolls report focuses on larger companies, while the unemployment survey covers all companies. The more volatile unemployment survey surprisingly showed an increase of 308K jobs in February, indicating that smaller companies were a source of job gains.This week’s housing data was weaker than expected. January Pending Home Sales fell 7.6%, far below the consensus forecast for a small increase. They were still 12% higher than one year ago, however. The expected surge in sales from the extended homebuyer tax credit has failed to materialize so far. The chief economist of the National Association of Realtors (NAR) suggested that unusually harsh weather “hampered shopping activity” in many regions, so a pickup in sales still may happen. | **Buy a Home** | **Buy a Condo** | |
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