|
| |
rates: What You Need to Know About Risk Based Pricing & Mortgage Rates - 12/31/07 04:17 PM
There have been many consequences of the subprime mortgage meltdown. But one which has received very little attention so far is the repricing of risk by investors who buy mortgages. That is about to change. What’s important to understand about this fuzzy term is that mortgage rates will now rise even for consumers with decent credit scores. Meet risk-based pricing.
In the 2007 mortgage meltdown, investors realized that the low interest rates previously offered didn’t adequately cover the risk of default. Past projections floated on a rising tide of appreciation that kept every one off the reef. Now that the tide … (0 comments)
|
rates: Sacramento Mortgage Rate Update - 08/29/07 11:27 PM
So what are mortgage rates doing?
That’s an interesting question. The conforming 30 year fixed rate has actually been falling. That is the bright star in a dark sky. But, it helps pull FHA, VA, CalHFA and any agency 100% programs down with it.
Freddie Mac last week reported the average 30 year fixed rates in the West at around 6.5% at half a point. And although things are bouncing around a bit, conforming rates continue their gradual decline. That makes it a great time for borrowers who can cobble together a down payment and document income.
Jumbo rates–and pretty … (0 comments)
|
rates: Preventing Fallout: 5 Questions Every Agent Should Ask (Part IV) - 07/21/07 09:14 AM
Okay, after covering down payment, income, and credit in Parts I, II, and III, let’s move on to the fourth important question.
Question #4: Are You Pre-Qualified or Pre-Approved? When I speak with Realtors, there is inevitably some question about the difference. And lenders will frequently take advantage of the confusion.
An agent of mine recently had a deal fall out at the 11th hour with a client whose lender had provided a pre-approval letter with the original offer. When my angry agent confronted the lender, the lender shrugged and laughed as if to say hey, I lied, … (4 comments)
|
rates: Sacramento Mortgage Rate Update: What the hell happened? - 06/19/07 07:21 PM
I came back from two weeks vacation last Tuesday to find rates half a point higher than when I left. You just can’t take your eye off things for a minute anymore. But seriously, 6.625% at one point. That’s a serious increase for a two week period.
So What Happened?(read the answer)
… (0 comments)
|
rates: The Truth About the BofA No Fee Mortgage Plus loan - 05/11/07 12:59 AM
There has been plenty of hub hub lately about BofA’s new No Fee Mortgage Plus loan. The Truth About Mortgage had this article, Zen Personal Finance wrote this post, and Matt Carter of Inman News adds his own take.
And if you watch CNBC in the mornings, you’ll see rubber lips, the Countrywide guy, performing the same sleight of hand. And hey, no one can do you up like Countrywide can. (I always imagine Anthony Mozillo laughing as he dumps hundreds of thousands of shares of CW stock. Can you say insider trading? …but I digress).
So I thought this would be a really good time to lend … (8 comments)
|
|
|
|
|
|
Marc Brinitzer
Sacramento,
CA
More about me…
Big Valley Mortgage
Office Phone: (916) 791-3760 x 340
Cell Phone: (916) 761-3760
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)