mortgage rates: Should I float? Should I lock? - Daily Update for Friday, May 23, 2008 - 05/23/08 09:06 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.
Continued doom and gloom relating to oil. Two major airlines announced today that their … (3 comments)
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mortgage rates: Freddie Mac: Mortgage Interest Rates Below 6% Again! - 05/22/08 07:12 PM
Today 5/22/08 Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans have again moved lower for 30 year and 15 year loans, with the average rate for 30 year fixed-rate loans again below the 6% mark. Nationally the average mortgage interest rate for 30 … (0 comments)
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mortgage rates: Denver Mortgage Rates 5-22-2008 - 05/22/08 05:12 PM
photo credit: EverySpoon
Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically.
Conventional 30 year fixed: 5.875%
FHA 30 year fixed: 5.75%
VA 30 year … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Thursday, May 22, 2008 - 05/22/08 08:06 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.
The most recent Fed meeting minutes released yesterday showed the Fed definitely thinking the … (2 comments)
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mortgage rates: Fed Minutes Summary - 05/21/08 01:46 PM
The Federal Open Market Committee released their minutes from their April meeting at 2pm today
Here are the highlights:
They lowered their growth forecast of the economy slightly over the next few years.
They expect higher inflation and unemployment in 2008 and 2009.
They believe "risk is receding" in the credit … (1 comments)
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mortgage rates: Did You Ask: "Has There Been A Mortgage Rate Reprice In The Last Hour?" - 05/21/08 01:31 PM
Yesterday, several mortgage lenders issued three separate "rate sheets" in response to the changing mortgage market.
It was the fourth time in the last 6 trading days that mortgage lenders issued multiple rate sheets in a day, and continued the trend that started in mid-January.
The yo-yo nature of mortgage rates underscores … (0 comments)
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mortgage rates: MOrtgage Rate Update May 21st - 05/21/08 10:11 AM
This morning's mortgage bonds are off about 20 bps. Bonds are still sitting above a strong level of support at the 100 and 50 day moving averages so I recommend to FLOAT for now.
This afternoon the much anticipated Fed Minutes are released at 2pm. In these minutes we will discover how the … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Wednesday, May 21, 2008 - 05/21/08 08:17 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.
The most recent Fed meeting minutes is scheduled to be released today. Though not … (2 comments)
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mortgage rates: Lessons of Leadership - 05/20/08 12:37 PM
The Cary YMCA recently passed the baton from one group of leaders to another... the most interesting part was that these leaders were anywhere from 12 to 17 years old. The YMCA has a wonderful Leaders Club program for Middle and High School Students that creates interaction with over 75 students … (8 comments)
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mortgage rates: PPI released, mixed numbers - Mortage Rate update for May 20th - 05/20/08 08:51 AM
PPI, producers price index, was released this morning and was tamer than expected at 0.2%. The street was expecting 0.4%, however core PPI (ex food and energy) was hotter 0.4% than expected 0.2%. Stock are reacting negatively to this news on the open and mortgage bonds so far are up 16 bps … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Tuesday, May 20, 2008 - 05/20/08 08:05 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.
The Producer Price Index (PPI) - the cost of supplies to produce consumer goods … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Monday, May 19, 2008 - 05/19/08 08:28 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.
Little news will be coming out today which could significantly impact stock and bond … (1 comments)
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mortgage rates: How Will The US Economy Recover? - 05/19/08 01:02 AM
You would probably have to have been living on a remote desert island for the better part of two years to not see any signs of the slowdown in the economy of the United States. Since August of 2007, the real estate market has been reeling from plummeting house prices, due … (3 comments)
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mortgage rates: Home Ownership Just Became More Affordable - 05/18/08 10:16 PM
Coming into the month of May the biggest concern for the US economy was the grim outlook many economist had on inflation. Inflation was expected to push mortgage rates higher and slow an already slow US housing market.
However, economic reports have been coming in better than expected week after week. … (0 comments)
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mortgage rates: Interest Rate Report for Saturday May 17th, 2008 - 05/17/08 10:28 AM
Mortgage Market Report for Saturday May 17th, 2008
The University of Michigan's Consumer Sentiment was reported at worse than expectations. This has been the worst number in 26 years.
Some better than expected news in the Housing market as Housing Starts had modest up-tick in newly constructed homes is welcomed news, … (1 comments)
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mortgage rates: Thirty-year Mortgage Rates Slowly Decrease - 05/16/08 04:52 PM
The entire nation is focused on the mortgage crisis. From the Federal Government to leading lending industries they are all hoping to make some progress and pump life into the fledgling real estate market. This week saw signs that hard work to repair the real estate industry is paying off. Thirty-year … (2 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Friday, May 16, 2008 - 05/16/08 09:17 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.
Building Permits and Housing Start showed an improvement in today's report - initially this … (0 comments)
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mortgage rates: Georgetown Study finds Mortgage Brokers have a lower average APR than banks! - 05/16/08 07:11 AM
Dr.Gregory Elliehausen of Georgetown UniversityCredit Research Center presented his report
that mortgage brokers' customers have a lower APR, on average, than bank customers to
attendees at the Legislative Conference held inWashington D.C April 11-13, 2005 and to a
Federal Reserve Board Conference.
The study was not commissioned by the mortgage broker … (0 comments)
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mortgage rates: Denver Mortgage Rate Update - 05/15/08 09:10 PM
Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically.
Conventional 30 year fixed: 5.875%
FHA 30 year fixed: 5.875%
VA 30 year fixed: 5.875%
5 year interest … (1 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Thursday, May 15, 2008 - 05/15/08 09:31 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.
More "good" news this morning. Jobless Claims are reporting an increase and a regional … (2 comments)
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mortgage rates: Weekly Magalia Real Estate Market Update - 05/15/08 07:23 AM
A stronger week for the Magalia real estate market than what we have been seeing in week's past. There were 6 properties that closed escrow and 4 properties that went under agreement. As expected, the majority of the Magalia real estate activity continues to be seen on those single family homes … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Wednesday, May 14, 2008 - 05/14/08 02:33 PM
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.
Consumer Prices came in below target expectations today. Both the regular and the core … (1 comments)
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mortgage rates: Economic / Rate update going into Wednesday May 14 - 05/14/08 08:18 AM
Well Bonds took a beating yesterday and long-term mortgage rates are back down to mid april 2008 level, overall still in the high 5%, low 6% range. This morning CPI (consumer price index), a measure of inflation, moderated from 4.0% to 3.9% and if you strip out food and energy, which they call core CPI we are … (2 comments)
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mortgage rates: FHA Loans or Conventional Loans — APR vs Mortgage Rate — Knowing the differences…. - 05/13/08 10:15 PM
Shop mortgage rates… Shop APR (Annual Percentage Rate)….. Shop mortgage fees….. So which is it? Shopping for a mortgage can be very confusing to say the least. I hear so many called experts tell the average consumer to shop APR. This is not the wisest of decisions and can be argued by … (10 comments)
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mortgage rates: LIBOR Liars - 05/13/08 12:11 PM
LIBOR: "London InterBank Offered Rate"
It's what one London based bank will lend money to another London based bank.
To us, it's an index. This is all about London - why should we care?
Remember how ARM's work An index is just something that we can all point to … (2 comments)
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mortgage rates: Rates Worsen....Retail Sales in....better than expected. - 05/13/08 08:35 AM
Retail sales numbers were released this morning and came in better than expected. The overall number was right in line at -0.2% but the retail number not counting car purchases was up more than double at 0.5% while the analysts were expecting a 0.2% gain.
Better than expected news should be good … (2 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Tuesday, May 13, 2008 - 05/13/08 07:41 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.
Retail sales came in exactly on target. Unfortunately, sales minus the ever fluctuating auto … (1 comments)
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mortgage rates: In 2008, Home Loans Are One Day Cheap And The Next Day Expensive - 05/12/08 03:49 PM
When mortgage rates change rapidly, it's a fiscal challenge to shop for a home and/or home loan.
Lately, mortgage rates have been especially volatile, mirroring the wild moves of the stock market.
Here's how up-and-down stock markets have been in 2008: Through last week, the S&P 500 Index changed more … (0 comments)
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mortgage rates: The Small Statistic Within Consumer Confidence That Didn't Show Up On The News - 05/12/08 03:27 PM
Consumer Confidence fell to its lowest point in three years and anybody who watches the evening news can understand why.
Each day, news programs barrage Americans with tales of economic woe and American Opinion is largely shaped by the media.
After enough time, the reporting becomes a self-fulfilling prophecy.
But, … (0 comments)
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mortgage rates: What's Your After-Tax Mortgage Rate? - 05/12/08 03:20 PM
Many homeowners are entitled to two major tax deductions -- one for annual interest paid on a home loan, and another for real estate tax bills paid to government.
Calculating your approximate tax credit is basic:
Add mortgage interest paid and real estate taxes paid together
Find your marginal tax … (0 comments)
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mortgage rates: How to get a Rate Quote - 05/12/08 10:37 AM
There's a lot of information on the internet. Google currently lists over 1.3 MILLION pages for the seemingly simple two words, "Mortgage Rates".
You'd think with that many pages, getting a mortgage rate quote would be pretty easy. Wrong!
Everyday I receive a query or two on Mortgage Rates.
… (6 comments)
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mortgage rates: Looking Back And Looking Ahead : May 12, 2008 - 05/12/08 09:59 AM
With little economic news to influence trading and despite a late-Friday afternoon spike, mortgage rates edged lower last week.
Two weeks ago, when it lowered the Fed Funds Rate by a quarter-percent, the Federal Reserve noted two things:
The economy was stabilizing
High energy costs threatened inflation
In the days that followed, … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Monday, May 12, 2008 - 05/12/08 08:43 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 a week filled with all sorts of economic news, bonds will be taking … (1 comments)
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mortgage rates: Rate Lock Advisory 05/12/2008 8:23am CST - 05/12/08 08:24 AM
… (1 comments)
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mortgage rates: What Is Up With Mortgage Interest Rates - 05/09/08 09:46 PM
So what happened with mortgage interest rates this week? Not much. For the second week in a row mortgage rates pretty much stayed the same.
May 8, 2008
30-yr 6.05 15-yr 5.60% 5-yr ARM 5.67 1-yr ARM 5.29
May 1, 2008
30-yr 6.06 15-yr 5.59% 5-yr ARM … (0 comments)
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mortgage rates: Mortgage Market Week in Review - 05/09/08 01:36 PM
I don't know if it's just me, but the days seem to be flying by faster and faster. (I'm sure it's not because I'm getting older!) But here it is, Friday again and time for another Mortgage Market Week in Review..... So, since I sent out last week's report before … (0 comments)
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mortgage rates: How The 84,000 Parts Of Inflation Impact Mortgage Rates - 05/09/08 11:27 AM
When the everyday "Cost of Living" increases, our dollars don't go as far as they used to. Economists call this inflation.
One popular method of measuring inflation is to track prices for 84,000 individual items and lump them together into a "basket". If the overall price is higher, then the economy … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Friday, May 9, 2008 - 05/09/08 09:42 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.
Balance of Trade for last month was slightly lower. Yesterday, two European banks left … (0 comments)
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mortgage rates: Mortgage Professional's - You will want to use this. - 05/08/08 05:22 PM
This is a repost from a month or so ago, but I thought it was worth sharing again for those that may have missed it. Have a good one!
Do you have a crystal ball to tell you where interest rates are going?
Well neither do I...but I found something close!
If you are … (2 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Thursday, May 8, 2008 - 05/08/08 07:52 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.
Jobless Claims came out this morning slightly lower than expected. Is this a statistical blip … (3 comments)
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mortgage rates: Mortgage Availability- The Real Truth - 05/08/08 07:35 AM
Put down the newspapers, shut off CNBC and stop the grieving, there are a wide range of mortgage financing availability at historical low rate.
In the past 7 years, virtually everyone could get a mortgage. Maybe the American Dream was in reach for too many people that weren't ready yet.
There … (2 comments)
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mortgage rates: Why don't mortgage rates lower when the Fed lowers rates? - 05/07/08 12:43 PM
Again I find myself wanting to share some information on something that everyone seems to be wondering about. Why is it that the Fed keeps lowering "the rates" but mortgage interest rates altough low aren't going down along with the Fed rate cuts, and sometimes even go up. The following information is again … (4 comments)
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mortgage rates: You're Not Immune -- No Matter What Your Credit Profile Looks Like - 05/07/08 09:40 AM
Four times annually, the Federal Reserve surveys 84 different banks about general banking conditions.
One of the survey questions asks about current mortgage lending standards and whether they are loosening or tightening.
The chart at right is from the April 2008 survey and it illustrates what we already know: It's getting tougher and tougher … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Wednesday, May 7, 2008 - 05/07/08 08:35 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.
One more day till scheduled economic news comes out - Jobless Claims. We are still … (6 comments)
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mortgage rates: Memo To Fed: Remember The Fool In The Shower - 05/06/08 11:46 PM
The Federal Reserve announced yet another rate cut of .25% to the Federal Funds Rate last week -- its 7th since September 2007. University of Chicago Economist and Nobel-laureate Milton Friedman had a favorite way of describing what the Federal Reserve did on Wednesday. He called it the Fool in the Shower, … (1 comments)
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mortgage rates: Why Mortgage Rates Aren't Falling Even Though The Economy Is Shedding Jobs - 05/06/08 10:19 AM
According to the Bureau of Labor Statistics, the U.S. economy shed 20,000 jobs in April 2008. The labor force now counts at 146 million people as employed. Normally, a loss of jobs would foretell economic weakness and would be a good thing for mortgage rate shoppers. Today, though, traders had been expecting … (0 comments)
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mortgage rates: Today's Mortgage Rates-New York---Weeks expectations - 05/06/08 10:17 AM
Todays rates are beginning flat , in the same range as the last couple days. Sample rates from one of the Largest Mortgage Lenders are at 5.625% for 30 year product and 5.375% for 15 year term. FHA rates are ranging the same for 30 year terms and 5.25% or approximately .125% … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Tuesday, May 6, 2008 - 05/06/08 08:17 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.
Big news of the day - Fannie Mae reports a bigger loss than expected and … (0 comments)
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mortgage rates: Mortgage Rates Are Not Dropping - CNBC Explains - 05/05/08 08:48 PM
The Federal Reserve dropped their short term Federal Funds Rate an additional .25% last week which brings the total adjustment of 3% since the fall of 2007. The questions remains, why are mortgage rates not dropping in sync with the Federal Funds Rate?
Click on the link below to watch a CNBC video which … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Monday, May 5, 2008 - 05/05/08 09:10 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.
Other than news of Microsoft not buying Yahoo for $46 billion, the only other real … (0 comments)
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mortgage rates: So Why Aren't Mortgage Rates Dropping? - 05/05/08 08:29 AM
SO WHY AREN'T MORTGAGE RATES DROPPING?: A common belief is that mortgage rates dropwhen the Fed cuts interest rates. No so fast. When the Fed cuts the Federal FundsRate, the overnight lending rate that the Fed uses with other banks, the stockmarket often gets excited about the lowering of this rate … (0 comments)
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mortgage rates: Mortgage Interest rates for the week of April 24 - May 1 - 05/04/08 04:11 AM
May 1, 2008
30-yr 6.06 15-yr 5.59% 5-yr ARM 5.73 1-yr ARM 5.29
April 24th, 2008
30-yr 6.03 15-yr 5.62% 5-yr ARM 5.68 1-yr ARM 5.29
April 17th, 2008
30-yr 5.88 15-yr 5.40% 5-yr ARM 5.48 1-yr ARM 5.10
April 10th, 2008
30-yr 5.88 15-yr 5.42% … (0 comments)
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mortgage rates: What will mortgage rates do in May? - 05/04/08 01:01 AM
According to Freddie Macs Primary Mortgage Market survey, mortgage rates for the 30 year fixed rate mortgage will start May off at a higher interest rate than at the end of April. The average 30 year fixed mortgage rate stands at 6.06 percent, up from 6.03 percent a week ago.
The 30 … (5 comments)
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mortgage rates: This Week In The Mortgage Market - 05/03/08 06:54 AM
Mortgage bond prices rose last week pushing mortgage interest rates lower. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data released came in as expected with … (0 comments)
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mortgage rates: To Buy or Not to Buy? - 05/02/08 05:10 PM
Pessimists dominate the financial and economic news right now and may have you scared to buy a home. In addition, fears of the inability to qualify for a loan have many would be buyers putting home buying on the back burner. So, should you go for it, or wait?
When economic times … (0 comments)
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mortgage rates: Latest Interest Cut By The Feds - 05/02/08 04:15 PM
… (0 comments)
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mortgage rates: How do lenders view my score? - 05/02/08 12:21 PM
… (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Friday, May 2, 2008 - 05/02/08 08:48 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.
Unemployment has dropped - to 5.0%, Jobless claims weren't as bad as expected - still … (1 comments)
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mortgage rates: Commodities Stoke Inflation Fears - 05/02/08 04:07 AM
On April 30th, the Federal Reserve announced a cut in their main interest rate by 25 basis points, to 2% from 2.25%. This is the seventh such cut by the US central bank since the beginning of the credit crunch some eight months ago, totaling 3.25% in cuts to the key … (1 comments)
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mortgage rates: Mortgage Rates, May 1, 2008 Huntsville and Madison, Alabama - 05/01/08 09:05 PM
Rates dipped a bit today, making this a wonderful time to buy. For indepth buyers information feel free to visit my web site at http://www.huntsville-realestate.com/. You will also find real estate market reports for Huntsville, Alabama and Madison, Alabama. Enjoy!
These are the latest available mortgage rates for home mortgage loans at financial institutions … (1 comments)
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mortgage rates: Interest Rates - Crazy Week! - 05/01/08 08:55 PM
This has been a BIG week of economic news and events! Yesterday we saw the Fed reduce the Fed Funds and Discount rates by a .25% each down to 2.00% and 2.25% respectively. Remember, these rate drops directly affect HELOCs, auto loans, credit cards and short term rates...mortgage rates are determined … (0 comments)
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mortgage rates: THINK THE INTEREST RATE ALWAYS MATTERS? (GREAT ARTICLE) - 05/01/08 02:37 PM
THINK THE INTEREST RATE ALWAYS MATTERS??? Category: News and Politics
.. --> article -->
Interest Cost vs Interest Rate
by: GetLoansCheapTotal views: 68 Word Count: 786
Think the Interest Rate always Matter??? The Lower the Better Right? Well not always True. Let's look at these charts to show you how to get … (5 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Thursday, May 1, 2008 - 05/01/08 07:49 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.
The Fed did it - dropped the target rate .25% to 2.00% and hinting a … (0 comments)
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mortgage rates: FED DROPS RATE 1/2%|MORTGAGE RATE DROP TO FOLLOW? - 04/30/08 05:20 PM
Mortgage rates have not moved much over the last few months as the Fed has droped the discount rate. In fact, the latest movement has been to the upside. Inflation, or the fear of inflation is what drives the fixed rate loans and the Fed still fears signs of inflation and … (0 comments)
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mortgage rates: Have the Fed Rate Cuts Helped Your Business? - 04/30/08 08:41 AM
I know the media really hypes the rate cuts of the Federal Reserve, but have they impacted your real estate business in a positive way? Have the phones started ringing with buyer calls on recent rate cuts? Are you clients getting incredible financing? In the Atlanta area I've not noticed any … (22 comments)
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mortgage rates: Odds and Ends - Stimulus Checks, the Foreclosure Bus, and the Waiting Game - 04/29/08 10:14 PM
The Check is in the mail - The first batch of economic stimulus checks are going out this week. Anyone who files a tax return up through October of this year is eligible, and with payouts of up to $600 per individual and $300 for each child under 17, this should … (7 comments)
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mortgage rates: Cheaper Gas and Lower Rates - 04/29/08 05:12 PM
I think we really need lower interst rates, and so I'm still sniffing around for bad news in the economy... the President mentioned again today that we're in "pretty decent shape", and the economists are predicting that tomorrow the Fed will do a "one and done," signalling that fear of inflation … (13 comments)
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mortgage rates: Can the Fed do more good by doing nothing tomorrow? - 04/29/08 04:01 PM
Okay, how's this for a scenario that could play out:1. The Fed normally lowers rates to help the economy and combat weakness in the economy.2. Lately, the Fed's rate cuts have hurt the value of the dollar because it has increased the risk of inflation.3. The fall in the value of … (0 comments)
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mortgage rates: FOMC meeting tomorrow 2:15 EST: What to listen for!! MUST READ!! - 04/29/08 02:36 PM
Below is the benchmark used by us mortgage professionals to monitor mortgage bond movement.
(Provided courtesy of Mortgage Market Guide with their permission)
As you can see the price which started out up 22 basis points (1/100 of a percent) and is only up 3 basis points.
This blog is posted … (2 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Tuesday, April 29, 2008 - 04/29/08 09:04 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.
Consumer Confidence came in lower than expected - though after Friday's report somewhat expected. Tomorrow, … (3 comments)
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mortgage rates: Credit Crunch: Light at the End of the Tunnel - 04/29/08 05:06 AM
When thinking about the economic slowdown now gripping the United States, one might think of the naked emperor of yore, who could not realize his condition until told by a child. By the time analysts and the White House recognize the extent of the credit crisis, its effects will probably not … (2 comments)
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mortgage rates: Fed expected to cut rates this week - 04/28/08 10:18 AM
Central bank expected to lower federal key rate again this week, but then likely to take a break.
Fed Chairman Ben Barnanke and the Federal Reserve are poised to lower the key rate again by one-quarter percent this week after their two day meeting on Wednesday. Economist believe this to be the … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Monday, April 28, 2008 - 04/28/08 08:10 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.
Consumer Confidence is on tap for tomorrow. Wednesday, The Fed will more than likely be … (0 comments)
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mortgage rates: Mad Mortgage Machine: WIR & upcoming economic events - 04/26/08 09:16 PM
Week in Review: We had a heck of a week in bonds, we got 3 or 4 repricing alerts for the worse, but they ended the week unchanged or up slightly. That has been our week in the mortgage bond market.
After last week's relatively slow economic news, somethings will heat … (1 comments)
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mortgage rates: Whats Going on with Mortgage Rates this Week - 04/26/08 03:29 AM
April 24th, 2008
30-yr 6.03 15-yr 5.62% 5-yr ARM 5.68 1-yr ARM 5.29
April 17th, 2008
30-yr 5.88 15-yr 5.40% 5-yr ARM 5.48 1-yr ARM 5.10
April 10th, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.56 1-yr ARM 5.19
April 3rd, 2008
30-yr 5.88 15-yr 5.42% … (1 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Friday, April 25, 2008 - 04/25/08 09:10 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.
Consumer Sentiment was expected to be at levels higher than last month but ended up … (2 comments)
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mortgage rates: Mortgage Rates, April 24, 2008 Huntsville, Alabama - 04/24/08 11:05 PM
These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such as title searches and appraisal fees with a 30 day rate … (2 comments)
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mortgage rates: Mortgage Rates Rising While Home Values Begin To Level Off - 04/24/08 10:52 AM
… (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Thursday, April 24, 2008 - 04/24/08 08:32 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.
Good (Bad) News of the day - Durable Goods Orders were down 3/10% as opposed … (1 comments)
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mortgage rates: Market Update Wednesday, April 23, 2008 - 04/23/08 01:59 PM
Current Price of FNMA 5.5 Bond : $100.38, -25bp
Mortgage bond prices are weaker this morning pushing mortgage interest rates higher.Since there is no data today, stocks and oil prices will likely dominate trading. Increasing food costs as well as consistently high oil prices cause inflation concerns. Stocks have closed negative the past … (3 comments)
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mortgage rates: Magalia CA Weekly Real Estate Update - 04/23/08 01:40 PM
The weather has been great and the real estate market in the area seems to be picking up. So I really wanted to sit down today and write an update for the Magalia market with a flashy headline like, “The Spring Real Estate Market Has Officially Started in Magalia.” Unfortunately, my … (0 comments)
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mortgage rates: LOOK Here! Employment, Housing, and Fuel (Gas) Relationship | Padre Island | Corpus Christi | Real Estate | Jobs | Careers - 04/23/08 11:55 AM
WebTV Realtor - Padre Island - Corpus Christi REALTOR on Fuel Prices, Housing, and Employment
April 23, 2008
WebTV Realtor: Corpus Christi - Padre Island, Texas
By: Mr. C. KIM McGuire
As the price of gas and diesel continue to SKY Rocket and homes remain up for sale much LONGER, career minded people will think VERY … (0 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Wednesday, April 23, 2008 - 04/23/08 08:29 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.
Yesterday Existing Home Sales came in right on target which did little to sway the … (0 comments)
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mortgage rates: Mortgage Rates Gain Ground -- - 04/22/08 01:22 PM
Tuesday's bond market has opened in positive territory following early stock weakness. The stock markets are reacting negatively to some earnings news with the Dow down 115 points and the Nasdaq down 28 points. The bond market is currently up 7/32, which will likely improve this morning's mortgage rates by approximately … (1 comments)
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mortgage rates: Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent - 04/22/08 08:55 AM
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 per cent.
Growth in the global … (5 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Tuesday, April 22, 2008 - 04/22/08 07:48 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.
We are still a day from any regular scheduled economic reports. Therefore bonds will be … (0 comments)
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mortgage rates: Mortgage Rates, Huntsville Alabama April 21, 2008 - 04/21/08 04:24 PM
Rates are still wonderful, so if you have been thinking of buying a home in the Huntsville, Alabama area, now would be a great time! Please feel free to visit my web site, http://www.huntsville-realestate.net/. You will find the latest market reports for Huntsville, Alabama and Madison, Alabama. Be sure to check … (1 comments)
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mortgage rates: Looking Back And Looking Ahead : April 21, 2008 - 04/21/08 10:26 AM
The S&P 500 added 4.3 percent last week -- more than during all of 2007 -- in what was a good week for the economy and a bad week for mortgage rate shoppers.
After Friday's close, mortgage rates were higher by as much as 0.375% versus the Friday prior. This reversed a … (1 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Monday, April 21, 2008 - 04/21/08 08:05 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.
Regularly scheduled market reports are not due out again until Wednesday. Bonds will be taking … (1 comments)
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mortgage rates: Take the Jumbo out of Jumbo Loan Mortgage Rates - 04/20/08 05:38 PM
First Mortgage loans above the conforming lending limit purchased by Fannie Mae & Freddie Mac are considered jumbo. For the past several years that amount has remained $417,000.00. During most of that time the rate premium for jumbo loans have been a slight increase over conforming loans.
Because jumbo loan have … (1 comments)
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mortgage rates: What are Mortgage Rates Doing This Week - 04/20/08 01:16 AM
April 17th, 2008
30-yr 5.88 15-yr 5.40% 5-yr ARM 5.48 1-yr ARM 5.10
April 10th, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.56 1-yr ARM 5.19
April 3rd, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.59 1-yr ARM 5.18
March 27th, 2008
30-yr 5.85 15-yr 5.34% 5-yr ARM … (0 comments)
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mortgage rates: Interest Rates and the Credit Crunch - 04/20/08 12:58 AM
In Greek mythology, the hydra was a beast that, when one of its many heads were severed, would grow new heads in their place. The sub-prime mortgage crisis has developed in a similar fashion, initially appearing to be constrained to a sector of unworthy credit borrowers who likely didn't have the … (0 comments)
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mortgage rates: Illinois Mortgage Rates Weekly Update - 04/19/08 11:36 AM
Welcome to Illinois Mortgage Rates and News week in review for the week ending April 18th, my take on the week's financial news and how it affected Illinois mortgage rates.
In last weeks review I said that the calm in the mortgage backed securities market was unlikely to last, and that I … (0 comments)
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mortgage rates: Mortgage Comentary From ROY MASON at Mortgage Loan Specialists , INC & Realty SPecialists Where can you find current Mortgage Rates - 04/18/08 08:16 PM
Check out the LINKS and the tab "Q&A" and also the Mortgage TAB at http://www.sandiegorealtyupdate.com/
Mortgage Commentary
This week brings us the release of six relevant economic reports for the bond market to digest. We are also heading into corporate earnings season which could lead to fluctuations in the … (0 comments)
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mortgage rates: Mortgage Rate projection for April 17-23rd - Were the professionals wrong? - 04/18/08 02:12 PM
Good news as mortgage rates have been declining today. With cooperation from the bond market, the projected increase by polled mortgage professionals may be proven wrong.
It's an opportune time to contact potential clients who may, once again, be able to get a rate that puts them in the purchase or better … (0 comments)
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mortgage rates: Banks & Lenders not get the Memo - Part II - 04/18/08 11:14 AM
It appears FNMA is listening - though I don't know the amount of control they are actually going to have.
Statement by Brian Faith Managing Director, Communications on Jumbo Conforming Loan PricingApril 17, 2008
Fannie Mae is providing price certainty for all our customers for jumbo-conforming mortgages. We believe price certainty is important … (1 comments)
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mortgage rates: Basic Credit Scoring Tips For A Better Mortgage Rate - 04/18/08 09:50 AM
Credit scoring is becoming more important to mortgage pricing so now would be a terrific time to brush up on your credit education.
If you understand how the system works, after all, you can make it work to your advantage. One terrific place to start your research is at myFICO.com.
Published by … (2 comments)
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mortgage rates: Should I float? Should I lock? - Daily Update for Friday, April 18, 2008 - 04/18/08 08:04 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.
Talk about jittery for all the wrong reasons. Citibank reported earnings this morning. They had … (0 comments)
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mortgage rates: MLS Trends St. John's First Quarter - 04/17/08 07:31 PM
MLS Residential Sales Post Solid First Quarter
MLS® residential sales increased 14.3 per cent to 713 units compared to last year’s first quarter sales of 624 units
January, February and March MLS® sales were 236, 238 and 239, respectively and were held back by a lack of active listings
Driven by … (0 comments)
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mortgage rates: Mortgage rates for April 17, 2008, Huntsville, Alabama Real Estate - 04/17/08 05:27 PM
Here are the rates for the HUNTSVILLE, ALABAMA Real Estate market as of today. Rates have moved up slightly but are still very low! For more information on buying or selling a home in MADISON, ALABAMA, OR HUNTSVILLE, ALABAMA, please visit my website, http://www.huntsville-realestate.com/. You will find market reports for the MADISON, … (0 comments)
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