Unfortunately or fortunately, depending on who you are news can be bad or good.  Today for instance, Friday April 4th, jobless claims came out and they were not good. The Labor Department announced today that 80,000 jobs were lost for the month of March and unemployment claims are up to 5.1%-bad news. 
Now, to most people [...]

OK -You’ve been preappoved for financing, shopped until you dropped, found your dream home and successfully negotiated your contract!! Now you are faced with that daunting decision should I “lock” my loan or “float” my loan.
First of all - let’s define what this means.  Mortgage interest rates are subject to change daily.  When you apply [...]

With the guidelines tightening on conventional mortgages it may be wise for homebuyers to take a good look at FHA mortgages to finance their home purchase.  Over the last few years with so many mortgage options out there, move-up or other non-first time homebuyers typically did not need to look to FHA mortgages as an [...]

After much anticipation, reform of the FHA Loan Limit was announed late last week.  The new FHA loan limit for St. Louis County and neighboring counties has been raised to $281,250.  The loan limit was previously $213,750.  This new loan limit will now allow families that were approved for FHA financing to purchase higher sales priced homes.