5-2-12 Mortgage Update & Qualify for FHA financing even if you currently own a home?

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Fha Interest Rates . We have three reports coming out this week, ADP, Jobless claims and Employment Situation. ADP numbers came out less than forecasted which explains the dip in the stock market today. Jobless claims numbers are coming out tomorrow and the Employment Situation on Friday. The rumor or thought is that the Employment situation may be better than forecasted and that will be an improvement for the economy however we may see a bump in interest rates. My position this week is to 'Lock'. For the long term, the news coming from Europe (again) will have a larger impact on our interest rates especially given the trouble Spain is in. Their debt was downgraded by Standard & Poor's (rating agency) included in that were their banks. It'll be interesting to see how they address this, most likely it'll be similar to Greece where the investors lost 80% and the debt was restructured. Topic of the week: Qualify for FHA financing even if you currently own a home? Quote of the week: The world is like a mirror; frown at it, and it frowns at you. Smile and it smiles, too. - Herbert Samuels I hope you have a great week and stay positive! Links: The Pain in Spain finance.yahoo.com 6 Budget Friendly Make Overs finance.yahoo.com What Buyers and Sellers Need to Know about "Comps" finance.yahoo.com The Future of HUD? www.bloomberg.com

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