mortgage: Mortgage Rate Direction for this week 9/21/09: Economic Calendar - 09/21/09 12:22 PM
What will influence Mortgage Rates this week?
Well Last week was a mixed bag off confused numbers. Most numbers were stronger than expected and some were weaker. Over all there was only one Good day for mortgages last week, that was Thursday, But unfortunately Friday wiped out every bit of Thursday's … (2 comments)
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mortgage: Mortgage Rates, In a snapshot: Week ending July 24, 2009 - 07/24/09 04:29 PM
What moved rates? Why did they move? and, How did we end up where we are today?
From time to time we have bouncy weeks that will have big swings in rates on a daily to almost hourly basis, This week was one of them. It was entirely possible to call … (7 comments)
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mortgage: Economic Forecast: What may move Mortgage Rates this week? - 06/22/09 03:53 PM
Last week certainly had its ups and downs, we lost a little bit of ground last week, mostly in a sell off on Thursday, but we are still lower than the highs we had just a week or two ago. So far the absence of any data this Monday has shaped … (7 comments)
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mortgage: Read beyond the headlines - 09/30/08 12:24 PM
The New "F-word"
As a consumer you need to do yourself a favor and STOP listening to the media! There isn't anything that will depress you faster than reading the paper or listening to the news. The word Foreclosure has been tossed around a little too much lately. It is a … (8 comments)
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mortgage: FHA Down Payment Change - 09/24/08 10:54 AM
This one bothers me. It feels "anti FHA". But it is what we have to look forward to.
On January 1, 2009 the guidelines for FHA Down Payments change.
Currently a buyer can put as little as 2.25% on the typical FHA transaction with the only caveot being a 3% … (1 comments)
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mortgage: Should I lock or Should I float my loan this week August 17, 2008 - 08/17/08 05:58 PM
I am always asked this question, and it isn't always an easy one to answer, especially in today's environment. If you just put contracts in on a house this weekend and you are applying for a loan I would advise that you lock in at the application if you are closing … (5 comments)
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mortgage: August 17-22 Market news. What is Happening in the Interest Rate Market? - 08/17/08 05:53 PM
What is Happening in the Interest Rate Market?
The Market has been in turmoil with investors being overly cautious to invest in anything with the word "mortgage" attached to it. And it is this pessimism that is leading the movement in the markets more so than the economic data. The problem … (5 comments)
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mortgage: Should I Lock, or Should I float - 08/11/08 12:13 PM
This Weeks Economic Data August 11, 2008
I am aways asked "where will rates be next week?" Honestly the only answer is "I don't Know" I can take an educated guess about what is happening in the market and do a quick analysis of the calendar for you to help … (1 comments)
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mortgage: August 11, 2008 This weeks Market news - 08/11/08 12:08 PM
This is yet another week where it will most likely be the World Economy that drives the credit markets. There is a hand full of economic data being released on the calendar this week as well, with the most important information coming towards the end of the week
Monday and … (2 comments)
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mortgage: What is the Difference between a Pre-Approval and a Pre-Qualification? - 08/04/08 11:33 PM
Jennifer Allan posted a blogand in the comments we discussed the above subject. She asked me to explain the difference between a Pre- Approval or a Pre-Qualification. I know there has been a lot of chat in the rain about deals falling apart in underwriting etc... I have posted a … (65 comments)
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mortgage: This weeks economic forecast and Economic Data 7/28/2008 - 07/28/08 08:58 AM
Weekly Economic Report
This weeks calendar starts off slow and ends up with the "Biggie of the Week"
Monday 28: No report
Tuesday 29th: Consumer Confidence. Estimate is for 50.0, A reading below will support lower rates, a Reading above 50.4 may nudge rates higher. Investors usually are more interested … (6 comments)
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mortgage: You just applied, Should you lock or float? This weeks Forecast July 21, 2008 - 07/21/08 03:05 PM
July 21, 2008
The Economic Calendar is a busy one this week, but there is not one piece of data that is expected to move the market. If you wrote a contract over the weekend you may be asking, should I float or should I lock? This information should help you … (2 comments)
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mortgage: This Weeks Economic Data - 07/21/08 02:59 PM
July 21, 2008
The Economic Calendar is a busy one this week, but there is not one piece of data that is expected to move the market.
Today: we had LEI which was in line with expectations
Tuesday 22nd Treasury Auction of 20 yr indexed securities
Wednesday 23rd, Treasure Auctions 2 … (3 comments)
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mortgage: Mortgage Insurance Change (PMI) makes FHA even MORE attractive - 07/18/08 10:07 AM
Mortgage Insurance Changes
We have seen Private Mortgage Insurance rates climb. We just received an announcement that the factors for Monthly PMI (the most common form of PMI) have gone up.
Why? Much like any insurance company, they do not want to pay out... since they have been paying out more … (5 comments)
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mortgage: PMI Changes, FHA is looking even Brighter - 07/18/08 09:59 AM
PMI Changes
With the declining market and increase in foreclosures we have seen Private Mortgage Insurance rates climb. We just received an announcement that the factors for Monthly PMI (the most common form of PMI) have gone up.
Why? Much like any insurance company, they do not want to pay out... … (2 comments)
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mortgage: Financial advice and news for this week. - 07/14/08 07:35 PM
This weeks Financial Calendar
The million dollar question when you are in the process of buying your home and put in your mortgage application: "should I lock or Should I float?" Here is this weeks news to help you make that decision:
This is a busy week on the financial calendar … (2 comments)
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mortgage: This Week's Financial Calendar - 07/14/08 07:32 PM
This weeks Financial Calendar
This is a busy week on the financial calendar and it promises to have potential for a bumpy ride. Sunday the Fed Governors and the Treasury announced that they would lend money and buy stock to support Fannie and Freddie. These comments will insure a flow … (3 comments)
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mortgage: Interest rate outlook, Market news - 07/02/08 03:12 PM
Last week's interest rate improvements were mostly driven by a flight to quality. As money was flowing out of a weak stock market investors have to find a safe haven which typically means the Credit Markets... Which is where Bonds and Mortgages are traded. As the money flows in, the price … (1 comments)
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mortgage: Mortgage news, interest rate outlook - 07/02/08 03:08 PM
Last week's interest rate improvements were mostly driven by a flight to quality. As money was flowing out of a weak stock market investors have to find a safe haven which typically means the Credit Markets... Which is where Bonds and Mortgages are traded. As the money flows in, the … (2 comments)
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mortgage: FED leaves Short Term Rates UNCHANGED - 06/25/08 01:53 PM
As expected the FED did not raise rates at this week's meeting. The Fed says:
Uncertainty over inflation outlook remains high while downside risk to growth has diminished.
The news is considered to be neutral to slightly negative.
Initially the market sold off on the news but has been improving … (3 comments)
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