Key Mortgage Corporation

It appears that the Housing Market for 2013 will continue the gains that have been made so far this year. Some of the highlights for next year include: Mortgage Rates are expected to remain near record low levels for the first half of 2013 and then gradually increasing slightly in the second half of the […]

According to the Housing Price Indicator released today by the Federal Housing Finance Agency, home values are now back to the same level as June of 2004. The nationwide home value peak occured in April of 2007 and the current values are now within 16% of that peak. If real progress can be accomplished by […]

If you have a Conventional Loan that is owned by either Fannie Mae or Freddie Mac and was taken out prior to June 1, 2009, you are eligible for a HARP Refinance. Starting this week, we are now able to allow up to 150% LTV/CLTV! This should open the door for many Homeowner’s that have […]

Home prices in August have posted the largest annual increase in over six years according to data released today by CoreLogic. This is now the sixth consecutive month that home prices have increased nationally on both a month over month and year over year basis. This is more continued good news for the Housing Market […]

The Federal Reserve has just announced that it will launch QE3 in an effort to provide stimulus to the economy and help with the ongoing unemployment woes of the US economy. QE3 is the third round of what is known as Quantitative Easing where the Federal Reserve has pledged to purchase another $40B worth of […]

Mortage Rates moved lower based on last Friday’s Jobs Report. Even though the nations unemployment rate fell from 8.3% down to 8.1%, the report was discouraging in that this decrease represented those unemployed who had left the job market. In addition, only 96,000 new jobs were added. It was widely expected that based on recent […]

Mortgage rates have become a broken record in more ways than one. In 12 of the 13 weeks from Mid-April through Mid-July, long-term home loan rates have either matched or hit new lows as 30 Year Fixed Rate loans fell to their lowest level in over 40 years. Mortgages closely track Treasury Yields, which have […]

According to a recent survey, the number of US Homeowners behind on their mortgage payments has decreased to a 3 year low. This seems to be further evidence of a strengthening housing market in that we are clearly working through the borrowers who were placed into mortgages in which they could not afford. Going forward, […]

Americans currently appear to be more optimistic about housing than they are the economy in general. According to Fannie Mae’s June 2012 National Housing Survey, while flattening economic trends may be dampening consumer expectations about their personal financial situation, their sentiments regarding housing remain supported by low home prices and interest rates. Furthermore, Housing Affordability […]

The demand for rental housing has been so strong that vacancy rates have reduced which has signicantly driven up the cost of rental housing. With this spike in rental rates, Home Ownership has become more and more attractive. The tide has finally turned in that with the recent declines in home prices coupled with today’s […]