interest rates: Mortgage Market Update for Wednesday July 9th, 2008 - 07/09/08 06:13 AM
Bonds have been on a wild ride this week trading significantly lower until a sharp turn around Monday afternoon followed by a big rally yesterday, opening at their low and closing just off their high. The 30 year fixed rate is at it's best level in just over a month.
Bonds and stocks … (0 comments)
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interest rates: "THEN" IS NOW! - 07/07/08 05:14 PM
I got an email from a client who has been sitting on the fence (like so many of you out there!) and is maintaining his position that the bottom has yet to fall from the Carlsbad and San Diego real estate markets.
"It's the market", he told me when I mentioned … (1 comments)
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interest rates: Looking Ahead July 7, 2008 - 07/07/08 02:17 PM
Looking Back And Looking Ahead : July 7, 2008
Last week was fairly uneventful in the mortgage markets, with rates slightly edging lower across the board and without much data to influence trading.
Even Thursday morning's hotly-anticipated jobs report was met with lukewarm interest; many traders had already left for the … (0 comments)
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interest rates: How Much House Can You Afford? - 07/07/08 02:07 PM
To determine your maximum mortgage amount, lenders use guidelines called debt-to-income ratios. This is simply the percentage of your monthly gross income (before taxes) that is used to pay your monthly debts. Because there are two calculations, there is a "front" ratio and a "back" ratio and they are generally … (1 comments)
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interest rates: Market Update 07-07-2008 - 07/07/08 02:01 PM
After beginning the day up by nearly 100 points, the Dow is now leading all 3 indexes significantly lower. Mortgage Bonds responded to the initial Stock rally by losing almost 50bp, but have swung back to initial price levels as Stocks falter.
The US Stock Market took off this morning on … (0 comments)
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interest rates: Independence Day Weekend - 07/07/08 12:53 PM
I hope you had a great 4th of July weekend. We sure did! We really enjoyed family time together. We made some homemade icecream and boiled some peanuts. We've been blessed with rain that we desperately needed and got to enjoy fireworks (thanks to the neighbors) without having to leave our yard---3 nights in … (8 comments)
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interest rates: Texas Veterans - interest rates - 07/07/08 10:28 AM
The new interest rates for loans through the Texas Veterans Land Board for this week are as follows:
5.93% Base Rate applies to all loans with a term greater than 15 years.
Available Discounts to Base Rate*Discount for loans with a term of 15 years or less: -.25%Qualified Veterans with Disabilities … (0 comments)
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interest rates: Points:To pay or not to pay by David Reed - 07/07/08 09:21 AM
Numerous closing costs come with any mortgage. There's a fee for an appraisal and a fee for a credit report... and the lender has its fees, too. And don't forget about the attorney fee, title insurance and escrow charges. Closing costs can vary from state to state and province to province, … (1 comments)
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interest rates: The Real Estate and Mortgage Market Report as of Monday July 7th, 2008 - 07/07/08 09:18 AM
Real Estate and Mortgage Market Report for Monday July 7th , 2008
Earnings season for Stocks begins tomorrow, which typically adds volatility to an already jittery Stock market. The seesaw between stocks and bonds will balance current pricing activities. Also, as Stocks become more volatile, so will Bonds.
Now I will … (0 comments)
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interest rates: Discount Points - 07/07/08 07:06 AM
Financing Solutions with David Reed
Points:To pay or not to pay
A discount point reduces the interest rate on your mortgage. One point is equal to 1 percent of your loan amount, so on a $200,000 loan one point equals $2,000.
Why do some lenders charge points? In reality, all lenders … (0 comments)
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interest rates: How Job Losses in the Economy Are Helping Home Affordability - 07/05/08 11:50 AM
How Job Losses In The Economy Are Helping Home Affordability
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report.
More commonly, it's called the "jobs report".
The jobs report is a sector-by-sector look into the U.S. economy and whether businesses are hiring -- … (1 comments)
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interest rates: Refinancing a Mortgage - Jack Bentler - 07/05/08 11:06 AM
REFINANCING A MORTGAGE
Here are some tips and strategies that save you money when you are in the market to refinance your home loan.
Don't get caught in the trap of consuming your home equity by getting deeper into debt to go on vacation, purchase unnecessary items and spread out … (1 comments)
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interest rates: TheTruths and Myth About Interest Only Mortgages - 07/04/08 06:12 PM
Interest-only mortgages are loans secured by real estate containing an option to make an interest payment. Newspaper headlines often distort the truth about interest-only mortgages, making them out to be bad or risky loans, which is far from the truth.
What is an Interest-Only Mortgage?
Interest-only payments do not contain … (1 comments)
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interest rates: National Average of Mortgage Rates - 07/03/08 07:27 PM
I never like to give out "average" mortgage rates since there are literally dozens of variables that can effect the rate for an individual's loan. However, I get a minimum of 2 to 3 requests per day from realtors who "need to know" what to tell their client when the subject … (2 comments)
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interest rates: Apollo Financial, Mortgage Interest Myths - 07/03/08 07:10 PM
I get a monthly newsletter from Apollo Financial, located in Greenwood Village, Colorado. I particularly found this newsletter to be very interesting and informative. A great one to pass on to your clients so that they maybe more informed and educated. Thanks Tim Ray for the valuable info, I am sure … (0 comments)
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interest rates: Reality Check! - 07/03/08 01:35 PM
I received a message today that I thought would be great to share with each of you. A man goes into the realtor's office who tells him, "The problem, Mr. Smith, is all the houses in your price range were sold in 1973." Bank owned properties are moving the market value of homes … (3 comments)
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interest rates: Credit Scoring - 07/03/08 11:04 AM
As some of you know besides being a full time real estate agent I also represent a national membership organization that assists consumers with credit improvement and restoration. In doing some research on how credit scores are calculated I found and interesting article from the Electronic Privacy information Center on the … (1 comments)
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interest rates: How Do We Arrive at Your Interest Rate? - 07/03/08 09:05 AM
If you are thinking of applying for a commercial loan, you may wonder just exactly how we determine the interest rate we are going to offer to you.
There are several factors that help us determine your interest rate which include:
Loan Amount
The Loan To Value - LTV
Documentation Type … (0 comments)
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interest rates: 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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interest rates: 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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interest rates: Today's rates (June 2, 2008) - 07/02/08 02:16 PM
Today's Rates -July 2, 2008
30 Year Fixed 6.250%
5/1 LIBOR ARM 5.125%
30 Year FHA 6.250%
7/1 LIBOR ARM 5.750%
30 Year Interest First 6.500%
3/1 LIBOR ARM 5.250%
5/1 FHA ARM 6.375%
30 Fixed Year Jumbo 7.125%
15 Year Fixed 5.750%
5/1 … (0 comments)
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interest rates: Market Update 07-02-2008 - 07/02/08 11:36 AM
US stocks began the day building on yesterday's strong finish, but are now down across the board. Mortgage Bonds responded well to lower than expected jobs numbers, but have also retreated.
Stocks were in the black for the first couple hours of trading, despite the ADP employment report showing higher than expected job … (0 comments)
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interest rates: Quick Tips for Getting Started on Your Indiana Refinance - 07/01/08 03:07 PM
Quick Tips for Getting Started on Your Refinance
When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.
To start with, the lender … (0 comments)
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interest rates: Market Update 07-01-2008 - 07/01/08 01:06 PM
US Stocks are once again moving lower, and we are now "officially" in a Bear Market (a 20% decline within 12 months). Mortgage Bonds are down after early gains, currently trading at unchanged levels.
Stocks began the day under continued heavy selling pressure, but got a bit of a reprieve when … (0 comments)
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interest rates: Protect Yourself Financially Now That Interest Rates Seem Steady: Here are some tips on what the Fed's decision to stop cutting interest rates means to you. - 07/01/08 12:43 PM
Protect Yourself Financially Now That Interest Rates Seem Steady:
Here are some tips on what the Fed's decision to stop cutting interest rates means to you.
Last week the Federal Reserve decided to hold steady on short-term interest rates. Here are some tips on what you need to do now.
1. … (1 comments)
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interest rates: A Quick Primer on What Affects Interest Rates and a Few Laughs to Brighten Your Day - 07/01/08 10:13 AM
I believe that it is always helpful to periodically go over what affects interest rates so those that don't follow it every day can at least have a feel for what to look for. Of course with the market being what it is and the economy being in something of a … (0 comments)
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interest rates: Buyers of Bradley Beach NJ Real Estate: Lock in Low Interest Rates NOW! - 06/30/08 09:58 AM
Although most of the country is still experiencing a typical "buyer's market," the low interest rates won't last forever. Read my latest blog article to learn why now is the time to lock in a low interest rate and make the move to invest in Bradley Beach NJ real estate!
To … (0 comments)
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interest rates: Interest rates - Texas veterans - 06/30/08 08:30 AM
Here are this week's interest rates for Texas veterans eligible for loans from the Texas Veterans Land Board.
Base rate: 5.95%
Discount for 15 year loan or less:<.25%>
Disabilities discount: <.35%>
Service era discount <1.49%>
If you have any questions please send me an email or visit the website shown below.
www.texasveterans.com
… (1 comments)
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interest rates: LONG-TERM RATES LITTLE CHANGED THIS WEEK - 06/29/08 11:50 PM
For Immediate Release
June 26, 2008 CONTACT: corprel@freddiemac.com or (703) 903-3933
LONG-TERM RATES LITTLE CHANGED THIS WEEK
ARMs Up in Anticipation of Fed Actions
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.45 percent with an average … (0 comments)
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interest rates: Is Now The Best Time To Buy a Home? What About Interest Rates? - 06/29/08 05:34 PM
Current mortage interest rates are extremely favorable for buyers. However rates for 30-year, fixed-rate conventional mortgages are steadily increasing.
But don't worry, FHA financing offers great 30 yr fixed rates if you are thinking of purchasing !!
No one can accurately predict whether rates will go up or down. Even those who follow … (4 comments)
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interest rates: Don't You Believe It!!! - 06/28/08 10:31 AM
I attended a meeting last week and heard it from a pretty reliable authority that all the prophets of doom and gloom are wrong! Hopefully, this is not a suprise to you.I love listening to people speak who concentrate on the postive, and not the negative side of things. For … (1 comments)
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interest rates: Buy Now - Save Later - 06/28/08 02:07 AM
The Austin Board of REALTORS® Multiple Listing Service (MLS) has released its latest report on the market conditions in Austin . Market activity, although slower than last year, has definitely picked up. Activity is expected to increase and become quite "hot" by mid 2009.
Austin real estate is currently undervalued by … (1 comments)
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interest rates: How long are we going to tolerate, "Status quo?" - 06/27/08 10:57 PM
How long are we going to put up with this, as US citizens? How long are you going to wait for this market?
With mortgage rate's rumored to rise with the next rate change, how do you, the general public feel?
If you are being transferred to another location, are you … (13 comments)
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interest rates: What is the Real Estate market coming to? Can we survive? - 06/27/08 10:10 PM
I was with a few Realtor friends tonight and we were discussing this current market....Are any of us full time agent's going to survive...Yes, we saved up for this market...then again...we're draining the saving's to hang in there to help the people who are still out there as our customers.
HOW … (12 comments)
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interest rates: Testimonials Kick A$$! - 06/27/08 08:36 PM
This one goes beyond just referrals. While it's a wonderful thing to have a former client refer somebody to you, it's even better when prospective clients can read or hear experiences from those folks ... and then talk to that person who has already done business with you. Then, they reach out. Then, it's a bit … (46 comments)
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interest rates: Today; 6/27/2008 - 06/27/08 08:59 AM
High 92 Low 74 Afternoon T-Storms
"Perhaps the greatest social service that can be
rendered by anybody to the country and to
mankind is to bring up a family." - George Bernard Shaw
‘Economist' Al Parish Sentenced - 24 years...
Al says - "One out of three Americans … (1 comments)
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interest rates: The Fed and Mortgage Rates - 06/27/08 06:59 AM
The Fed left the Fed Funds Rate unchanged when they met on Wednesday. The Fed is in a tough position right now... Inflation is hitting us all with higher prices at the gas pump and food and almost everywhere we turn. And the Fed's best way to combat inflation is to … (1 comments)
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interest rates: Lower rates by 200 basis points and save the world. - 06/26/08 09:50 PM
If someone had an idea, I mean a very good idea, to get us off of oil, get our troops home, help our economy, save our environment, lower interest rate by 200 basis points. I could go on and on what it cures.
Stop sending over 500 billion dollars to people … (3 comments)
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interest rates: Why rates have gone up in recent weeks and what we can expect from them in coming weeks: - 06/26/08 07:55 PM
Today on Marketwatch.com there was an article written by Deborah Levine addressing why the interest rates have gone up and what we can expect from the Federal Reserve in the coming weeks.
According to the article "Expectations the Federal Reserve will raise benchmark interest rates is not helping the housing market, … (0 comments)
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interest rates: FED keeps the rate the same... What does that mean for Buyers? - 06/26/08 07:52 PM
The FED (Federal Reserve Bank), has taken a break from its aggressive rate-cutting policy. After cutting the rate 7 times since last fall; they chose not to change the FED funds rate, leaving it at 2.00%. Everyone is wondering where interest rates are headed next.
The FED has indicated an increased concern over inflation. This means the Fed could … (1 comments)
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interest rates: Mortgages - Lower Rates Mean Higher Prices & Higher Rates Mean Lower Prices - 06/26/08 11:50 AM
You cannot have your cake and eat it too! For those that are looking to buy a home or real estate, now is the time. This is the bottom. You have cheap money, and cheaper homes, and that translates into an unbeatable value. If rates rise higher, it will cost you more … (10 comments)
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interest rates: Freddie Mac: Rates Remain Unchanged - 06/26/08 11:40 AM
The Fed has met and interest rates remain unchanged. In spite of the continuing housing crises, the Fed now seems to be focusing on the cost of oil and some serious inflation coming our way. Monsanto and Dow Chemical have just raised their prices to farmers by 25%. Looks like … (2 comments)
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interest rates: Today; 6/26/2008 - 06/26/08 07:15 AM
High 94 Low 71 Partly Sunny; Hot
"It has been my experience that folks who
have no vices have very few virtues." - Abraham Lincoln
Ohio - 15 year-old girl texts -
15,000 messages per month...
Al says - "What if there were no hypothetical questions?"
… (3 comments)
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interest rates: Fed Holds Interest Rates - What the Fed decision means for you… - 06/25/08 07:28 PM
… (2 comments)
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interest rates: Rising Interest Rates Affect Buyers More Than Declining Prices - 06/25/08 01:45 PM
Congratulations on being an astute Buyer ... so far. Unless you are a cash Buyer, making one easy payment at the close of escrow, you might want to seriously consider buying real soon. We make this statement based on the fact that interest rates have been creeping upwards lately. They still … (2 comments)
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interest rates: Preparing For HomeOwnership - 06/25/08 12:18 PM
10 Ways to Prepare for Homeownership1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list.3. Select where you want to live. Compile a list … (0 comments)
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interest rates: Will the Fed's Bump Interest Rates? - 06/25/08 11:59 AM
I just posed this question the video community and we'll see what they think.
The decision will posted at 11:15 Pacific time today.
What do you think?
Feel free to post your own video comment reply and get in on the conversation.
Get a … (3 comments)
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interest rates: Mortgage Rates are highest in 9 months - 06/24/08 01:16 PM
The vice president and chief economist of Freddie Mac, Frank Nothaft, stated that "Fixed-rate mortgage rates rose to the highest level in nearly 9 months following the recent release of the consumer price index and the producer price index. The consumer price index as well as the producer price index showed … (0 comments)
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interest rates: Today; 6/24/2008 - 06/24/08 07:51 AM
High 93 Low 72 Mostly Sunny
"The bravest sight in all this world
is a man fighting against odds." - Franklin K. Lane
Gator Attack - Florida man survived...
Al says - "When cheese gets its picture taken, -
what does it say?" - George Carlin
… (2 comments)
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interest rates: Mortgage Rate Update for June 23rd, 2008 - 06/23/08 05:45 PM
This week is about about Wednesday and what the Fed is going to do. It would be an absolute shock if they chose to raise rates to begin the fight on inflation. Wall Street is most interested in what the statement is going to say about the issues and their views, … (2 comments)
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interest rates: Embed This Video - 06/23/08 12:38 PM
Embed This Video
I prefer you did, but it doesn't matter if you do or you don't. The conversation will still happen.
As I was walking into a BBQ the other day, the thought "I wonder what we'll be talking about" zipped across my mind. They all know I'm in the … (7 comments)
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interest rates: Mortgages Rates for Charlotte NC - 06/23/08 09:30 AM
I am going to start regularly posting about mortgage rates and the market that drives them. Hopefully some folks will find this information helpful.
Market TrendWe saw rates improve a little last week. The market worsened Friday, however and so far today we haven't seen any change. The key thing to … (0 comments)
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interest rates: Mortgage Market Report for the Week of June 23rd, 2008 - 06/23/08 08:41 AM
Mortgage Market Report for June 23, 2008
Stocks begin the day at the lowest level since March 2008. Stocks are attracting some investors at these lower levels. Bonds are battling over investment dollars for stable income.
This week will produce the FOMC short term interest rate decision. It is expected that … (0 comments)
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interest rates: Should I float? Should I lock? - Daily Update for Monday, June 23, 2008 - 06/23/08 07:54 AM
Here are the daily thoughts on floating or locking if you are asked by your clients.
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
With little economic news on tap for the next couple days, bonds will be … (1 comments)
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interest rates: Lafayette Indiana - The Best Time to Lock Your Interest Rate - 06/21/08 06:32 AM
The Best time to Lock in Your Mortgage Rate
"What do you think about rates ... should I lock in now or wait to see if they fall further?" Think I've been asked that a time or two over the past 18 years? You better believe it. It's a good … (0 comments)
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interest rates: Lafayette Indiana - Rates Creep Up - 06/21/08 06:29 AM
A recent survey and a rate increase could mean more competition for homes
Recent indication is that first time home buyers are getting tired of sitting on the sidelines. According to a recent online poll taken by the National Apartment Association, 17 percent of renters plan to make the jump … (0 comments)
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interest rates: Who Sets Mortgage Rates? Why do rates change? - 06/20/08 08:30 PM
WHO SETS MORTGAGE RATES? WHY DO RATES CHANGE?
Who sets mortgage rates? Why do rates change? How often do rates change? What is a Mortgage Backed Security (MBS)? These are some of the questions we are often asked by clients. Following is a brief explanation of the MBS market and how … (3 comments)
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interest rates: Home Mortgage Interest Rates - How Low Can They Go? - 06/20/08 12:39 PM
Many reading this are old enough to remember home mortgage interest rates when they were above 15%. Compared to those days, today's rates are at historic lows. It is possible that sometime in the future many will look back wishing they took advantage while they can.
However, one must be careful when … (0 comments)
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interest rates: I have a radio appearance on WOWO AM 1190 on Monday morning 6/23 - 06/20/08 11:48 AM
I wanted to announce that I will be on Fort Wayne's WOWO AM 1190 on Monday morning 6/23 at 6:35am to talk about mortgage interest rates, short sale information and general mortgage related information specific to the Fort Wayne, Indiana market. Charlie Butcher, the morning talk show host, invited me to … (2 comments)
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interest rates: New York Mortgage Rates – not all the same all the time. - 06/20/08 09:03 AM
New York Mortgage Rates are as diversified as the people who inhabit New York. For every financial situation, there exists a mortgage to meet the needs of those who borrow money for a new home or refinance an existing loan. NY Mortgage Rates are the rates of interest that are placed … (0 comments)
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interest rates: An Open Letter to the consumer : Focus on payment and not rate!!!! - 06/20/08 08:31 AM
Dear Mr & Mrs Borrower,
"What kind of payment do you want and or feel comfortable with?"
This is a question that I always ask right in the beginning. But in many cases, what I get from the consumer when asking this question is, "what is my interest … (13 comments)
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interest rates: Mortgage Market update June 19th, 2008 - 06/19/08 09:49 PM
Rates were down modestly today 22 bps on the day. Bonds tested both the closest support and resisitance levels and closed right in the middle of it....meaning we are in another tug of war with the bulls and the bears going into next week's Fed meeting. From a technical standpoint bonds are … (2 comments)
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interest rates: My Economic Forecast for the dawn of Fed Rate Tightening - 06/19/08 04:40 PM
This market has been interesting in nearly every facet. The mortgage market has been tattered by depreciating housing prices, the credit crunch, reserve changes and now insurance pull backs. Many of these problems are deepening and unfortunately will continue to do so as long as the markets cease to function. … (0 comments)
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interest rates: Interest Rates Improving Market - 06/19/08 07:19 AM
Some of the programs that have recently been rolled out by the Feds seem to be helping in some of the more expensive markets in the nation. According to an article in the Wall Street Journal, the dropping of interest rates is making the currently elusive Jumbo loans a little more … (0 comments)
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interest rates: Real Estate Market Psychology - 06/18/08 11:13 PM
Many things drive markets but other then extreme new events (wars, natural catastrophes etc.), the most dominant is price, time and carry. If prices move up or down it will attract people to the market. If time goes by with little interest, it eventually will attract people to the market. This … (0 comments)
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interest rates: People..buyer's in the USA and elsewhere...seller's are negotiable...why NOT??? - 06/18/08 11:05 PM
Please tell me...why NOT BUY NOW? You can offer atleast 20% below the offering price and you can negotiate a great deal right now. Seller's are very negotiable.
Think about this...interest rates are rising...home sales are low, and the seller's are willing to negotiate really good deal's right now.
Home sales, … (8 comments)
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interest rates: Are You Losing Your Edge? - 06/18/08 09:06 PM
A recent report released on House Prices in America, by Global Insight, Inc and National City Economics., has found that the Houston area's real estate market is under-valued by an unbelievable 33.1%! Factors in determining an area's value were based on population, income and interest rates, among others.
According to the … (0 comments)
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interest rates: Increasing Competition For Homes - 06/18/08 10:34 AM
This is a recent article from a Keller Williams Realty News Letter. In my opinion I think it is very telling of how the market is today and how it will be in the next few months atleast. I have found that buyers that were once on the "fence" are now … (0 comments)
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interest rates: Today in St Louis - June 18, 2008 - Interest Rates Creep Up - 06/18/08 10:24 AM
A recent survey and a rate increase could mean more competition for homes
Recent indication is that first time home buyers are getting tired of sitting on the sidelines. According to a recent online poll taken by the National Apartment Association, 17 percent of renters plan to make the jump … (0 comments)
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interest rates: Change Is In The Air - 06/17/08 06:30 PM
Real Estate is changing throughout the nation. There have been several positive reports in the news lately concerning real estate nationwide.
It seems that most markets have corrected themselves to a level where buyers are willing to buy.
Economists feel that the bottom of the mortgage crisis was reached in April. … (0 comments)
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interest rates: Mortgage Rate Update for June 17th, 2008 - 06/17/08 05:26 PM
CPI was in line with expectations and PPI was a bit hotter this morning. Mortgage Bonds seems to have drawn a line in the sand for now and are attempting a reversal. We finished up 50 bps on the day closing right inbetween a dual layer of resistance. Bonds are also … (2 comments)
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interest rates: Using Home Equity for Business Loans - 06/17/08 05:10 PM
It goes against the grain but sometimes using your home equity for your business makes sense. If you are a small business owner and you need financing to help your business grow, start a new business, your SBA loan is up for refinancing or maybe you need to buy out a … (0 comments)
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interest rates: Veteran or Reservist? - LOW LOW interest rates - 06/17/08 04:32 PM
Interest rates have risen over the last month. They were starting to come down a little today but not quickly. Yet there are astoundingly great deals available especially if you are a Texas veteran or let me put it another way if you are a veteran living in Texas. You will … (0 comments)
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interest rates: Freddie Mac: Mortgage Rates Rise - 06/17/08 01:33 PM
McLean, VA Freddie Mac today released the results of its Primary Mortgage Market Survey®.
It seems that the Fed has now tilted towards inflation as a greater problem and will likely not reduce rates at their next meeting. In fact the dollar has been rising in the expectation that rates will … (0 comments)
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interest rates: Orlando Real Estate - Interest Rates creep up - 06/16/08 12:54 PM
A recent survey and a rate increase could mean more competition for homes
Recent indication is that first time home buyers are getting tired of sitting on the sidelines. According to a recent online poll taken by the National Apartment Association, 17 percent of renters plan to make the … (0 comments)
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interest rates: Mortgage Market Update for June 16,2008 - 06/16/08 09:50 AM
Mortgage backed securities are trading flat on the day down just 3bps this morning. Bonds have been in a downward trend for the last 2 weeks and rates have crept up .75% higher nearing 7.00%.
The recent pressure on bonds are due to the pressure the heightened inflation concerns of the market. The … (0 comments)
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interest rates: Whats the dang deal with interest rates? - 06/15/08 07:45 AM
Is there a decent leveling period in sight for the mortgage interest rates. Their recent quick rise is killing a deal that I've got going. I thought we were going to be stable for a while. Is anyone hearing from a good source where they may be headed and why?
… (3 comments)
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interest rates: A positive update on prices & interest rates for Orange County, California - 06/14/08 03:02 PM
Here is a link to the latest, bi-weekly Market Report produced by the President of our brokerage:
http://www.OurAgentSpot.com/sthomas/MarketTime-Jun-12-08.pdf
For a synopsis of the report, the news for O.C. real estate continues to get better in almost every respect. Sales are up, while inventory is declining. What USUALLY happens in such a scenario is … (0 comments)
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interest rates: Mortgage Market Update Friday the June 13th, 2008 - 06/13/08 10:52 PM
Well it is official......the bond market is fearful of inflation. Some decent CPI numbers came out this morning but that was overshadowed this afternoon by the word no bullish bond trader wants to here........INFLATION is here and rising......well on the flip side it is quite obvious with the cost of food … (1 comments)
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interest rates: Friday Rate Update (Arizona Pricing) - 06/13/08 03:48 PM
Happy Friday the thirteenth to you all!
It seems like interest rates have the thirteenth curse, as they continue their upward trend.
Inflation fears, the price of oil, the dollar, you name it, all in one way or another have contributed to the upward trend in rates. … (0 comments)
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interest rates: FICO Credit Scores - 06/13/08 03:34 PM
Scoring your Credit - How's your FICO?
In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit card bills can … (0 comments)
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interest rates: Daily Rate Lock Advisory - 06/13/08 03:00 PM
Friday's bond market has finally opened in positive territory despite early stock gains. The stock markets are in positive territory with the Dow up 122 points and the Nasdaq up 43 points. After a terrible week so far for bonds, the market appears ready to close the week on a … (0 comments)
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interest rates: So are interest rate's going up, or what? - 06/12/08 10:46 PM
The local new's is saying that interest rates are about to rise.
I have also "heard" recently that the FHA program's are also changing. The old program's are gone...Is that GOOD OR BAD???
I have also heard that FHA is going to get more lenient with their lending policies.
Is anyone … (12 comments)
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interest rates: Uh-oh!! Mortgage Interest Rates Take a Big Jump This Week! - 06/12/08 03:17 PM
It was not too long ago when I warned everyone several times that at some point either home prices or mortgage interest rates would start to go up, perhaps fast. Well, today 6/12/08 Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans had … (0 comments)
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interest rates: Feel-Good Numbers - 06/12/08 12:55 PM
Can you tell me how much I can afford? I want to keep my payments at X amount of dollars, what homes can I afford? We have all thought of these questions when we first think of buying a house. I call these feel-good numbers. We want answers from someone in … (4 comments)
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interest rates: Freddie Mac: Long-Term Rates Nearly Unchanged - 06/12/08 11:32 AM
Although the GDP grew at a faster rate in the first quarter than originally reported, consumer spending rose only 1 percent, representing the smallest increase since the 2001 recession.
The Fed has signaled that this may be the end of interest rate reductions for now. Bernanke is becoming more concerned … (0 comments)
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interest rates: Market Update for June 12, 2008 - 06/12/08 08:32 AM
Mortgage Bonds are down 38 bps this morning as of 920am EST. Stock futures are up and oil is down which is leading to bond deterioration. Retail sales were released this morning and came in better than expected for May and better than they were in April, very good news for … (0 comments)
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interest rates: OUCH!!! STRADDLING THE FENCE MIGHT HURT MORE THAN YOU THINK! - 06/11/08 10:02 PM
The consensus is pretty much the same across the board...worst housing market since the mid-70's; and, longer lasting. Looking back over years past, current housing prices are at 2002 and 2003 levels nationally. If you have listened to the media you would want to bury your head in the sand and wait … (1 comments)
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interest rates: Good Day, Sunshine! - 06/11/08 05:33 PM
Good Day, Sunshine!
Well it's a good day with lots of sunshine. Gas is at a national average of $4.00 with diesel approaching $5.00. All of this has an impact on the overall economy and one wonders where this all going to lead.
Our politicians don't seem to be interested … (0 comments)
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interest rates: What Are You Waiting For? - 06/11/08 05:18 PM
If you are waiting for the national news in regards to the housing market to get better, then your wait is over. Although in the news last week it was all about the 14% decline in home sales nationwide, what the media did not tell you is that the worst … (0 comments)
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interest rates: Is The Federal Reserve Telegraphing Its Next Rate Hike? - 06/11/08 12:57 PM
The Federal Reserve is stumping hard on inflation this week, creating speculation that Fed Funds Rate hikes may be in store for later this month.
This is a counter-intuitive development because increases to the Fed Funds Rate are typically associated with periods of rapid economic expansion.
Lately, we've seen anything … (4 comments)
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interest rates: Market Update for June 10th, 2008 - 06/11/08 07:28 AM
On a technical note, mortgage bonds are down 5 straight session at 216 bps points....rates have rose to the 6.625% area on a conventional 30 year fixed. Bonds are oversold, which generally indicates that the buyers will be back and drive prices back up. When bonds drop suddenly they … (0 comments)
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interest rates: What should The Fed do now? - 06/10/08 09:55 PM
On 5/22/08 I posted a Blog: "Stagflation - is The Fed out of bullets for now?". I was surprized that I had very few comments and little feedback. The essence of my post was that The Fed was "behind the curve". The Fed's action was overdone, and in any event it was too late.
… (8 comments)
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interest rates: Good news! - 06/10/08 06:33 PM
According to the RAGFL (Realtor Association of greater Fort Lauderdale) sales were up in April. There was a very slight increase in the homes that were listed for sale. AND, there was a 26% increase in closed sales for Single Family Homes! Great news! The average sale price was $437,740 a … (4 comments)
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interest rates: Is Now the Time to Buy? - 06/10/08 03:21 AM
In the Honolulu Sunday Advertiser Dated June 8, 2008 Section R front page it said this!
What if Waiting Doesn't Pay off?
Still waiting for prices to come down? Consider this: Even if prices fall 10 percent in the next year, a 1 percentt raite increase means the same house could … (2 comments)
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interest rates: Your Official Crystal Ball Polisher Speaks - 06/09/08 08:53 AM
The Pending Home Sales Index comes out today and Friday the 13th will bring the Consumer Price Index report. An unexpected increase in consumer prices could send interest rates higher. Stay tuned for updates! The Mortgage Maven says lock 'em if you got 'em.
Realtors - Are you tired of … (2 comments)
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interest rates: Market Update June 9th, 2008 - 06/09/08 07:19 AM
Mortgage Bonds are taking a beating off this morning by 59 bps early bouncing off a resistance level and now are sitting down on a level of support. No economic data released today. Retail Sales is out Thursday which should be a market mover. Oil went up $16 a barrell on Thursday and Friday. … (0 comments)
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interest rates: RL Brown Report offers some Good News for Phoenix Real Estate Market - 06/08/08 09:43 PM
RL Brown , the premier source for Phoenix area housing data, incuding the cities of
Phoenix, Scottsdale, Tempe, Fountain Hills, Peoria, Glendale, Paradise Valley, and communities of Desert Ridge, DC Ranch, Troon, Grayhawk
and its most recent report on the the Phoenix housing market showed signs that we may be approaching a … (0 comments)
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interest rates: Why "Shopping Your Rate" Doesn't Work? - 06/08/08 06:56 PM
Why "Shopping Your Rate" Doesn't Work?
Lots of advertisement's list what they call "Today's Best Rates". But we are not in business to mislead you!
Mortgage rates change daily, if not several times a day. So you may see a rate advertised that's no longer available by the time you … (3 comments)
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interest rates: The Winds of Change point out that you have a chance of a lifetime in ownership! - 06/08/08 06:53 PM
Everytime I set out to purchase a property in the past one of the greatest concerns was how I was going to get my money to work for me better, and how could I get the best terms and Interest rate possible.
It does not have to be a bear … (3 comments)
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