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Bankrate.com: Mortgage Matters Blog Headlines

The scoop on rates
If you're a diligent Bankrate reader, you already know that long-term fixed rates dipped this week, after three straight weeks of small rate rises.
http://www.bankrate.com/brm/story_content.asp?story_uid=25398&prodtype=mtg

Can't afford mortgage? HOP on
The unemployment rate fell because a lot of people have part-time jobs, even though they would prefer to work full-time.
http://www.bankrate.com/brm/story_content.asp?story_uid=25342&prodtype=mtg

(Jury)Duty calls
The Fed's rate cut could push long-term mortgage rates higher if the Fed's action is deemed inflationary.
http://www.bankrate.com/brm/story_content.asp?story_uid=25341&prodtype=mtg

Fed meets this week
The Federal Reserve is expected to give consumers another break this week -- a quarter-point cut in short-term interest rates.
http://www.bankrate.com/brm/story_content.asp?story_uid=25274&prodtype=mtg

Fed meets this week
The Federal Reserve is expected to give consumers another break this week -- a quarter-point cut in short-term interest rates.
http://www.bankrate.com/brm/story_content.asp?story_uid=25328&prodtype=mtg

Mortgage News | Quicken Loans

Easy Tips to Boost Your Home's Value and Appeal
Moving or not, regular maintenance and minor improvements from time to time is the key to keeping your home's value intact - especially in a down market.
https://www.quickenloans.com/mortgage-news/easy-tips-to-boost-your-homes-value-and-appeal-5347

Mortgage calculator: How much home can I afford?
A mortgage calculator should answer questions, not ask so many that you're left baffled. Find out how a good mortgage payment calculator can tell you exactly how much home you can afford, and help you estimate the costs that you might not be thinking about as you shop for your new home.
https://www.quickenloans.com/mortgage-news/mortgage-calculator-how-much-home-can-i-afford-5346

Interest Rate Drop Causes Mortgage Activity Surge
After a string of declining weeks, the Mortgage Bankers Association (MBA) announced today that week-over-week mortgage activity surged 15.6 percent for the week ending May 2.
https://www.quickenloans.com/mortgage-news/interest-rate-drop-causes-mortgage-activity-surge-5345

8 Smart Ways to Use Your Economic Stimulus Check
While it may be fun to go on a shopping spree, these ideas may help you set your home finances on a bit more solid foundation. Using economic stimulus money to shore up your budget makes some great long-term sense. Here are 8 smart ways to use your economic stimulus check for long-term budget improvement.
https://www.quickenloans.com/mortgage-news/8-smart-ways-to-use-your-economic-stimulus-check-5343

3 Reasons to Pay Off Debt With Your Stimulus Check
Think about how to use the economic stimulus rebate to improve your long-term financial health. Find three great reasons why paying off debt with that stimulus check is the best path to revving up the entire economy.
https://www.quickenloans.com/mortgage-news/3-reasons-to-pay-off-debt-with-your-stimulus-check-5344

5 Ways to Use Your Stimulus Check for Home Improvements
Stimulus checks are in the mail and here are 5 great ways to spend those checks and know that the money was well spent. From upgrading your kitchen to taking advantage of tax credits for eco-friendly appliances, here are some suggestions to help you use your money wisely.
https://www.quickenloans.com/mortgage-news/5-ways-to-use-your-stimulus-check-for-home-improvements-5342

Fed cuts fed funds rate again - 7th consecutive cut
For the seventh consecutive meeting, the Federal Open Market Committee (FOMC) cut the Fed Funds Rate, this time reducing it to 2.00%.
https://www.quickenloans.com/mortgage-news/fed-cuts-fed-funds-rate-again-7th-consecutive-cut-5341

HR 3221 - Foreclosure Prevention Act aids home buyers
In an effort to soothe a struggling housing market, Congress has taken yet another step to help homeowners and businesses weather the tough times they may be facing.
https://www.quickenloans.com/mortgage-news/hr-3221-foreclosure-prevention-act-aids-home-buyers-5340

Budget-friendly, green ways to improve your back yard
Your back yard can look great without spending tons of money. And, surprise! Usually the most inexpensive ways to spruce up your yard are much friendlier to the environment than those large landscaping projects, anyway! How can hand tools and knowing where to plant your flowers help you get a better back yard? Get a list of supplies and complete instructions.
https://www.quickenloans.com/mortgage-news/budget-friendly-green-ways-to-improve-your-back-yard-5339

Credit crunch brings mortgage activity down
The Mortgage Bankers Association announced this morning that applications for mortgage loans, on a seasonally adjusted basis, decreased 14.2% last week when compared to the week prior.
https://www.quickenloans.com/mortgage-news/credit-crunch-brings-mortgage-activity-down-5338

Daily Mortgage Update by Interest.com

1. Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up
http://mortgages.interest.com/content/trends/article.asp?ID=2006892350LJDOJELQIHBUITZGXGZBOIHENLXIUX

2. Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up

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