Kevin Nguyen

Contact Kevin

Branch Manager / Sr. Mortgage Consultant
800.815.1945 ext. 3624
916.469.3624 Direct
916.596.6656 Assistant
925.759.3376 Mobile/Text Messages
916.258.0702 Fax

kevin@MyEquityZone.com
 

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Featured Posts

Simple Explanation Of The Federal Reserve Statement (September 13 , 2012)

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Thursday. For the eighth consecutive meeting, the vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008.  In its press release, the Federal Reserve noted that the U.S. economy has been expanding "at a moderate pace" in … [Read More...]

FOMC Expected To Announce New Stimulus Today

The Federal Open Market Committee ends a 2-day meeting today, the group's sixth of 8 scheduled meetings this year. As a Minneapolis home buyer or would-be refinancer, be ready for mortgage rates to change. The Federal Open Market Committee is a 12-person sub-committee of the Federal Reserve. Led by Fed Chairman Ben Bernanke, it's the group within the Fed tasked with voting on U.S. monetary policy. The act for which the FOMC is most well-known is its management of the Fed Funds Rate. The Fed … [Read More...]

Improving Market Index Climbs To 99

The number of U.S. housing markets showing "measurable and sustained growth" has increased by 19 this month, according to the National Association of Homebuilders' Improving Market Index. The Improving Market Index is a monthly report meant to identify U.S. markets in which economic growth is occurring broadly -- not just in terms of home prices. The IMI's conclusions are based on three separately-collected data series, each from a different division of the U.S. government and each tied to … [Read More...]

Simple Tips To Keep Your FICO High

For today's home buyers and refinancing households, the value of "good credit" has never been higher. Mortgage approvals hinge on your FICO score, as does your final mortgage pricing. If you're shopping for a home in Illinois , therefore, or contemplating a refinance, be aware of how everyday credit behaviors can affect your FICO. Even small events can make a big impact. Here are some common-sense steps to help improve your credit score. First, keep a "cushion" on your credit cards. 30 percent … [Read More...]

What’s Ahead For Mortgage Rates This Week : September 10, 2012

Mortgage markets worsened slightly in last week's holiday-shortened week. As expected, Wall Street took its cues from Europe and from the U.S. jobs market, and mortgage rates moved across a wide range. Home buyers in Minneapolis and would-be refinancing households were greeted with wildly varying mortgage rates, depending on which day they loan-shopped. According to Freddie Mac's weekly mortgage rate survey, 30-year fixed rate mortgage rates averaged 3.55% nationwide last week, with an … [Read More...]

Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages

Beginning as soon as next week, new, mandatory mortgage fees will push mortgage rates higher throughout Chicago and nationwide. Fannie Mae and Freddie Mac are raising their respective "guarantee fees". Guarantee fees are fees that mortgage-backed securities providers charge to lenders for mortgage-related services including the bundling, selling and reporting of mortgage-backed bonds.  Guarantee fees are also used to insure providers against credit-related losses. As announced by the … [Read More...]