mortgage: Home Prices Lower In August... - 10/27/09 03:20 AM
According to the governments numbers, home values edged lower last month.
The Federal Housing Finance Agency's Home Price Index report shows values down by 0.3 percent from the month prior -- the index's first down month since April.
The Home Price Index is based on the value of homes financed via Fannie Mae or Freddie … (5 comments)
mortgage: Gas Prices Rise, and so are mortgage rates! - 10/23/09 02:21 AM
With crude oil at its highest levels since October 2008, retail gas is up 8 cents per gallon this week.
It's bad news for home buyers and mortgage rate shoppers. The same force that's driving oil higher is linked to rising mortgage loan rates.
We're talking about the weakening U.S. Dollar which is … (3 comments)
mortgage: How Accurately Did Economists Predict 2009 - 07/01/09 05:31 AM
With The Year Half-Over, How Accurately Did Economists Predict 2009
At the start of the year, the "experts" made a lot of predictions about the U.S. economy and what to expect in 2009.
Some said housing would rise
Some said housing would fall
Some said mortgage rates would rise
Some said … (0 comments)
mortgage: Why Mortgage Rates Haven't Fallen As Expected - 11/01/08 02:39 AM
When the government nationalized mortgage lending in September, housing analysts predicted lower mortgage rates.
For a brief two-week stint, they were right -- post-takeover, the 30-year, fixed rate mortgage fell below 6.000 percent nationally for the first time in 7 months.
Since then, however, mortgage markets have reversed. Rates are now … (0 comments)
mortgage: The Mortgage Market's Abnormal Reaction To July's Producer Price Index Reading - 08/20/08 02:11 PM
The Producer Price Index is a business inflation meter and it's now up 9.8 percent annually.
This is a huge number for PPI and represents the highest year-over-year rate of inflation since 1981.
Normally, blowout inflation like this would be terrible for mortgage rates but mortgage markets are actually improved since Tuesday's data release.
Usually, … (0 comments)
mortgage: Fannie Mae Increases Its Mandatory Loan Fees For All Borrowers - 08/07/08 03:25 PM
Fannie Mae announced a new risk-based pricing model and additional mortgage delivery fees this week, adding to the cost of buying or refinancing a home.
Risk-based pricing was first introduced by Fannie Mae this past April. It added new, mandatory loan fees for high-risk borrowers while rewarding a small group of low-risk … (2 comments)
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According to the governments numbers, home values edged lower last month.
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