First Priority Financial Inc.

Daily update...rates moving up slightly after positive news

October Headline CPI 0.0% vs est -.01% Core (Ex Food and Energy) 0.2% vs est of 0.1% Initial Weekly Jobless Claims 291K vs est of 285K So, just like the PPI readings this week, the higher costs were passed on to consumers. Jobless were higher than expected but the streak of sub-300K is still ali ...
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Fannie Mae lowers timeframe to purchase/refinance after a short-sale, foreclosure, or bankruptcy

Fannie Mae reduced its mandatory waiting period after a pre-foreclosure, short sale, or bankruptcy in October, 2014. In August of 2014, Fannie Mae and Freddie Mac increased the waiting period to 4 years but has switched back to a period which is s ...
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Home flipping guidelines tightening up...

FHA Home Flipping Waiver About to End Can you still do a short-term house flip using federally insured, low-down payment home finance money? That's an important question for buyers, sellers, investors and realty agents who've taken part in a nationwide wave of renovations and quick resales using ...
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Happy Holidays!

It must be the holiday season with so many gifts coming in. What else could explain good economic news combined with lower interest rates and lower oil prices? Even though the stock market is retreating, keep in mind that the Dow was below 12,000 approximately three years ago. Three years ago the unemployment rate averaged just over 8.0% and it is ...
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Market Update...Rates low, jobs increasing

On the other hand, the progress we have made will cause a ripple effect throughout the economy. We are on pace to add almost 3 million jobs this year and this will increase consumer spending which will create more jobs. And some of this spending will make the real estate market stronger -- whether i ...
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Rates hang in there, currency a hot topic..

Rate markets started unchanged early this morning; the US stock indexes pointed to a strong open at 9:30. No scheduled economic data today, this week’s calendar is thin on data after the stronger than expected Sept employment report last Friday. In the geo-political situations: Honk Kong protestor ...
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