Posted on Friday, 6th August 2010 by chrisjones

The Seattle Times reports that the Senate has passed a bill allowing for some changes in the FHA fee structure, under the fascinating but slightly misleading title “Senate Approves Higher Government Mortgage Fees.” One fee goes up (probably, depends on FHA bureaucrats), and one comes down (ditto).  Monthly mortgage insurance (which the Post calls an [...]

Tags: bureaucrats, FHA, utah mortgage
Posted in Blog & News | Comments (2)

Posted on Wednesday, 13th May 2009 by chrisjones

Breaking News: FHA says they are drafting a program to allow the $8000 tax credit to be used as a down payment on FHA loans. Currently this cannot be done. For some getting a Utah mortgage (and California, and other states), that could shortly mean $14,000 down to buy certain homes. Details to be released [...]

Tags: FHA, RateWatch, utah mortgage, utah mortgage broker, utah mortgage rates, utah real estate
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Posted on Thursday, 10th April 2008 by chrisjones

Welcome to those of you that are new, and it’s a great pleasure for the Chris Jones Group to be able to provide this Rate Watch to you every day. No, really. We mean it. Since the news is all over the map this morning – trade gap is widening, WalMart missed its earning target [...]

Tags: FHA, mortgage loans
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Posted on Wednesday, 2nd April 2008 by chrisjones

Yesterday was the worst day for bonds in two months, as money poured out of the bond market and into stocks, leading to an almost 400-point gain on the Dow. Mortgage rates loosely follow bond rates, which rose from a low of 4.39 on Monday to 4.59 this morning on the 10-year treasury. That’s a [...]

Tags: Fed rate, FHA, mortgage loans, mortgage rates
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