First Priority Financial Inc.

Employment Report..rates lower, but pressured

Every month the employment report is very, very important. The creation of jobs not only tells us how the economy is performing, the report also tells us how the economy will be performing in the future. When we create a significant number of jobs, we know that these jobs will create more jobs becau ...
Read More...

Housing Formulation..and rates drop to 6 week low.

Last week we cited studies that showed that the rate of household formulation has moved back up to pre-recession levels. This is one of the reasons that we have declared a bottom in the homeownership rate in America. The rate of homeownership has been falling steadily since the financial crisis. How ...
Read More...


Rates fall for the first time in a month..

Daylight Savings Time is the official start of the spring real estate selling season. With the weather we have had during February, we are sure this early rite of spring caught many by surprise. But in our experience we know that things can heat up quickly. The markets will be monitoring how busy tr ...
Read More...

Credit Reporting Agencies Agree to Overhaul

The three biggest companies that collect and disseminate credit information on more than 200 million Americans will change the way they handle errors and list unpaid medical bills as part of the broadest industry overhaul in more than a decade. Under an agreement announced Monday with New York st ...
Read More...


Momentum in the housing market

The missing piece may be falling into place for the U.S. economy. Housing-related employment -- anemic throughout much of the current expansion -- got a jolt in January. That's unusual, since bad weather tends to make it one of the weaker months for construction hiring. But last month the number of residential construction workers rose 12,500, a ga ...
Read More...

Can you use 2014 returns to qualify? Yes you can!

It is that time a year again where borrowers are filing tax returns and they are not showing up on the 4506T results. We can use the 2014 tax returns to qualify but we need a few additional items to do so. Here are some items that we will need in order to use the 2014 income to qualify: Copy o ...
Read More...