Our Blog
Mortgage Rates Remain Affordable, but Should Increase by the End of 2013
Although mortgage rates for the 30-year Fixed Rate Mortgage (FRM) hit their all-time lows in September and October 2012, low rates continue, making house buying affordable. The Federal Reserve has been artificially holding rates down to stimulate the economy, and …
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Foreclosure Rates Fall to 1.9% in Southeastern Wisconsin, Down Nationally
Foreclosure rates continue to decline in southeastern Wisconsin, reaching a new low of 1.93% in February for the Milwaukee region. According to CoreLogic, this is down .7 points from the same month year-over-year. This local foreclosure rate is higher than …
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Shorewest, REALTORS® and Wisconsin Mortgage Corporation Show Impressive Growth
Shorewest, REALTORS® All data shown above reflects January 1-March 31 of that year. Shorewest, REALTORS®, Wisconsin’s Largest Home Seller™ since 1951, continued to grow in the first quarter of 2013. From January 1-March 31 of 2013, Shorewest reported closed sales …
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Wisconsin Mortgage Corporation Celebrates 30 Years
Wisconsin Mortgage Corporation is celebrating 30 years of serving Wisconsin throughout 2013. To honor all of the hard work and dedication of the Wisconsin Mortgage team, Wisconsin Mortgage threw a casino night party in downtown Milwaukee. Hosted at the Wisconsin …
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Wisconsin Mortgage Corporation is the FHA’s Number One Independent Mortgage Banker During 2011 and 2012
During the two-year period of 2011 and 2012, Wisconsin Mortgage Corporation was the number one independent mortgage banker. Overall, Wisconsin Mortgage was the third highest provider of Federal Housing Administration (FHA) loans behind US Bank and Wells Fargo. Wisconsin Mortgage …
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Shorewest Reports: US Banks Pay $8.5 Billion to End Foreclosure Reviews
The U.S. government currently mandates a case-by-case review of housing crisis foreclosures. Because of the large amounts of homes in foreclosure during the recession, it could take months or even years of waiting for courts to process the paperwork. On …
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Five Loan Worries for Buyers
While 30% of buyers today are paying cash, 70% are using a mortgage to purchase their new home. Even with a good pre approval, buyers still worry about getting to the closing table. Here are the top five worries buyers …
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Mortgage Rates for Summer 2012 at an All Time Low
Mortgage rates have been falling throughout summer 2012 and continue to entice potential buyers. Surveys have shown 30-year fixed-rate mortgages averaged 3.57%, falling from the previous month’s average of 3.71%. In July 2011, the 30-year FRM averaged 4.60%. The 15-year …
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Largest One-Month Homebuilder Confidence Gain in 10 years
Homebuilder confidence rose six points in July, according to a new report from the National Association of Home Builders (NAHB). This is the largest recorded increase in a decade. In conjunction, the Home Price Index reached its highest point on …
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