This is your one stop for any mortgage or for San Antonio mortgage news. When you need a great rate on a San Antonio mortgage it pays to speak with Daryl Mitchell. Check out my website at www.legacymutual.com/daryl , where you will find links to frequently asked mortgage questions. Visit our breaking news pages to get up to the minute mortgage industry news. Getting a home loan can be stressful. We will try to provide you with the knowledge and resources to make an intelligent decision. If you ask the right questions and stay informed on the latest rates … (0 comments)
san antonio mortgage: The Government’s Revamped HARP Program For Underwater Homeowners
- 10/25/11 04:22 AM
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. With average, 30-year fixed rate San Antoio Mortgages still hovering near 4.000 percent, there are more than a million homeowners in San Antonio and nationwide who stand to benefit from the program overhaul. To qualify for the re-released HARP program, you must meet 4 basic criteria : Your existing home loan must be guaranteed by Fannie Mae or Freddie Mac Your home must be a 1- to 4-unit … (1 comments)
san antonio mortgage: San Antonio Homebuilder Confidence Rises on Surging Sales Volume, Foot Traffic
- 10/19/11 04:17 AM
Homebuilder confidence is rebounding sharply. Just one month after falling to a multi-month low, the Housing Market Index rebounded four points to 18 for October. It’s the highest reading for the HMI since May 2010 — the month after last year’s homebuyer tax credit expiration. The Housing Market Index is published monthly by the National Association of Homebuilders and is scored on a scale of 1-100. Readings above 50 indicate favorable conditions for homebuilders. Readings below 50 indicate unfavorable conditions. The index has been below 50 since May 2006 — a 66-month streak. The Housing Market Index is a composite reading; the … (0 comments)
san antonio mortgage: San Antonio Mortgage News The Week Of October 11, 2011
- 10/12/11 06:00 AM
Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction. Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction. Conforming San Antonio mortgage rates rose last week, lifting rates off their all-time lows and causing consternation among the nation's would-be buyers and refinancers. Last week's action may surprise you. After all, Freddie Mac's weekly mortgage rate survey said average, 30-year fixed rate mortgages … (0 comments)
san antonio mortgage: Rate on 30-year San Antonio Mortgage stays at 60-year low
- 09/22/11 10:07 AM
WASHINGTON – Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates. The average rate on the 30-year fixed San Antonio Mortgage was unchanged at 4 % this week, Freddie Mac said Thursday. That's the lowest rate seen since 1951. The average rate on the 15-year mortgage ticked down to 3.25%. Texas Economists say that's the lowest rate ever for the loan. San Antonio Mortgage Rates tend to typically track the yield on the … (0 comments)
san antonio mortgage: What’s Ahead For San Antonio Mortgage Rates This Week : September 19, 2011
- 09/19/11 10:42 AM
by Daryl Mitchell on September 19, 2011 Mortgage bonds worsened last week as Eurozone default fears eased abroad, and expectations for a domestic stimulus increased. San Antonio Mortgage rates rose for the first time in three weeks last week, pushing conforming and FHA mortgage rates in Texas off their all-time, historical lows. San Antonio Rates were at their lowest Tuesday morning, then rose through Friday’s afternoon closing. Markets open this week with an eye toward the world’s central banks. In the Eurozone, central bankers (continue to) discuss the debt burdens of Greece and whether a coordinated intervention is necessary. Without it, … (0 comments)
san antonio mortgage: What’s Ahead For Mortgage Rates This Week : September 12-16, 2011
- 09/13/11 02:49 AM
Posted by Daryl Mitchell on September 12, 2011 in Mortgage Rates| San Antonio Mortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row. The storylines should sound familiar by now. They are the same ones that have dictated the path of San Antonio Mortgage Rates since April 2011. As a result, according to Freddie Mac, mortgage rates nationwide are now at an all-time low. Not in 50 years of tracking San Antonio FHA Mortgage Rates has pricing been so favorable. Last week’s holiday-shortened week … (1 comments)
san antonio mortgage: Adjustable-Rate Mortgages Starting To Adjust Higher
- 09/13/11 02:41 AM
By DMitchell Published: September 13, 2011 For the first time in a year, homeowners with adjusting San Antonio Mortgages are facing rising mortgage rates. The interest rate by which many adjustable-rate mortgages adjust has climbed to its highest level since September 2010, and looks poised to reach higher. This is because of the formula by which adjustable-rate mortgage adjust. Each year, when due for a reset, an adjustable-rate mortgage’s rate changes to the sum of fixed number known as a “margin”, and a variable figure known as an “index”. For conforming mortgages, the margin is typically set to 2.250 … (0 comments)
san antonio mortgage: Texas Mortgage Loans and Refinancing
- 09/07/11 09:29 AM
If you have a Texas Zip Code we can help you with your mortgage, refinance, or investment property needs. We are based in beautiful San Antonio, Texas and help people all over the state. Sometimes the best (and quickest) way to get your mortgage questions answered is to just call us! In TEXAS CALL 210-326-5545 We serve all of Texas--from Lubbock to El Paso...Dallas/Ft. Worth to Harlingen, Austin. And, of course, San Antonio! If you have a Texas Zip code we can help with all your Texas Mortgageor Refinancing needs! We have offices in San Antonio, Boerne, New Braunfels, and in … (0 comments)
san antonio mortgage: What's Ahead For San Antonio Mortgage Rates This Week : August 22, 2011
- 08/22/11 06:55 AM
The San Antonio Mortgage market improved again last week, pushing San Antonio Mortgage Rates to an all-time low; lower than the lows set last November, even. Last week's low mortgage rate drivers are primarily European. Joining the debt concerns that have dogged Europe since March, a fresh wave of doubt has surfaced about the health of some Eurozone banks. The fears sparked a new wave of safe haven buying. Global equities were socked last week and the Dow Jones Industrial Average fell for the 4th straight week. For home buyers , though, the timing may be perfect. As stock markets lose, bond … (1 comments)
san antonio mortgage: San Antonio Mortgage Rates Don't Move With The Fed Funds Rate
- 08/19/11 09:16 AM
Last week, at its 5th scheduled meeting of the year, the Federal Open Market Committee voted to leave the Fed Funds Rate in its target range near zero percent. The Fed Funds Rate has been near zero percent since December 2008 and, in its official statement, the FOMC pledged to leave the Fed Funds Rate untouched for at least another 2 years. This doesn't mean San Antonio mortgage rates will be untouched for 2 years, though. Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. If mortgage rates and the Fed Funds Rate moved in tandem, … (0 comments)
san antonio mortgage: What's Ahead For San Antonio Mortgage Rates This Week : August 15, 2011
- 08/15/11 04:54 AM
San Antonio Mortgage markets improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows. Bonds were volatile, driven by the stock market's gyrations. On 4 consecutive days, the Dow Jones Industrial Average moved by more than 400 points. Rate shoppers had no choice but to go along for the ride. The week began with the market's reaction to Standard & Poor's U.S. credit rating downgrade. Mortgage bonds caught a boost on the news, and pushing rates lower throughout … (0 comments)
san antonio mortgage: Perfect Storm To Refinance Your San Antonio Mortgage
- 08/11/11 04:49 AM
More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June's originally-reported figures were both revised higher: May 2011 was revised higher by 28,000 jobs June 2011 was revised higher by 28,000 jobs The national Unemployment Rate slipped to 9.1 percent. The jobs report's strong readings would typically be a boon to stock market and a threat to mortgage rates. This is because more employed Americans means more disposable income spent on … (0 comments)
san antonio mortgage: Closing At The Start Of September? Watch Out For Labor Day.
- 08/04/11 06:37 AM
Home sales have heated up, according to the National Association of REALTORS®. More San Antonio Homes are going under contract this summer than went during the winter or spring seasons. Many of these homes are scheduled for late-August/early-September closings. If your home is among them, plan ahead. Like for the rest of the U.S. workforce, Labor Day is a popular vacation time in the real estate, title and mortgage industries. Closings come together more slowly when the parties involved are on holiday. In addition, when issues arise, they are often slower to resolve because not everyone is "present". Therefore, if you're under contract … (1 comments)
san antonio mortgage: Mortgage Rates
- 08/27/09 04:26 AM
Mortgage rates haven't moved much this week as prices of mortgage backed securities continue to bounce around a range. Yesterday's highlight was the Treasury Department's successful 5 year note auction. Demand for the record tying $39 billion issuance was above average, allowing the rates sector to maintain their recent range heading into the close. This morning the U.S. Department of Commerce reported that GDP was expected to fall 1.00% in the second quarter of 2009, this is no change to their initial GDP reading. GDP is an all encompassing measure of our country's economic output. The initial estimate of 2Q GDP … (0 comments)
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