mortgage rates: What’s Ahead For Mortgage Rates This Week : September 17, 2012
- 03/23/13 01:11 PM
The Federal Reserve introduced a new economic stimulus and mortgage markets improved last week. The move trumped bond-harming action from the Eurozone, and a series better-than-expected U.S. economic data.
The 30-year fixed rate mortgage rate dropped last week for most loan types, including for conforming, FHA and VA loans. 15-year fixed rate mortgage rates improved, as well.
Mortgage rates are back near their lowest levels of all-time.
Last week’s main event was the Federal Open Market Committee’s sixth scheduled meeting of 2012. The Fed was expected by Wall Street to launch a third round of quantitative easing (QE3) after its meeting and … (0 comments)
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mortgage rates: Florida Homeowners Should Shop for the Best Mortgage Deals
- 03/23/13 11:26 AM
It’s found that 89% of American adults take the time to compare prices when shopping for a big ticket item, according to an online LendingTree survey. But despite having a mortgage comparison, only 51% of American adults shopped for their mortgage. The remaining 49% of homeowners with a mortgage didn’t took the time to shop around and just took the first loan offer they got.
Doug Lebda, founder and CEO of LendingTree says that it’s vital for borrowers to grasp the idea that they have the power of choice. They can freely choose which loan and which lender to use. … (0 comments)
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mortgage rates: 30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low
- 03/23/13 11:06 AM
Mortgage rates have made new lows for the first time in 9 weeks.
The average 30-year fixed rate mortgage rate fell 6 basis points to 3.49% this week, tying the all-time low set in late-July, according to Freddie Mac’s weekly Primary Mortgage Market Survey. The 15-year fixed rate mortgage also dropped, moving to 2.77%-- also an all-time low.
The Federal Reserve’s plan to pressure mortgage rates down may be working.
Depending on where you live, however, your access to these all-time rates may be limited. This is because the Freddie Mac “published rate” is a national average based on the government-backed … (2 comments)
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mortgage rates: Fleming Island, Florida Homeowners Should Shop for the Best Mortgage Deals
- 03/23/13 09:03 AM
When shopping for a big ticket item only, 89% of American adults spend time to have a comparison on prices, according to an online LendingTree survey. Only 51% of American adults shopped for their mortgage despite having a mortgage comparison. The remaining 49% of homeowners with a mortgage didn’t take the time to shop around and just took the first loan offer they got.
Doug Lebda, founder and CEO of LendingTree says that it’s vital for borrowers to grasp the idea that they have the power of choice. They can freely choose which loan and which lender to use. It is … (0 comments)
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mortgage rates: What’s Ahead For Mortgage Rates This Week : September 24, 2012
- 03/23/13 08:31 AM
For the second week in a row last week, mortgage markets improved as demand for U.S. mortgage-backed bonds remained high. A series of economic reports showed strength in housing and a stability in jobs.
However, to send mortgage rates to their lowest levels in history, Wall Street looked past it.
The stimulus appears to be working, just a week into the Federal Reserve’s newest bond-buying program.
The average 30-year fixed rate mortgage rate slipped to 3.49% last week for borrowers willing to pay an accompanying 0.6 discount points at the time of closing, according to Freddie Mac. Discount points are a … (0 comments)
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mortgage rates: What is the HARP 3 / #MYREFI and Who May Qualify?
- 03/23/13 06:16 AM
Talks of a HARP 3/ #MYREFI program are growing louder.
The rumor is that the program was made in January 2012 and it was conceptually introduced in the president’s State of the Union address. Since the introduction of the program in January, the idea of allowing all otherwise qualified, responsible homeowners the ability to refinance to the current low rates has gained traction.
What is The HARP Refinance Program?
The Jacksonville, Florida HARP Refinance program is a government-backed program that was launched in 2009. The HARP refinance program was released in 2009 as an economic stimulus. It’s made to aid American … (1 comments)
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mortgage rates: Loan Approval : Get Approved For Any Type Of Tampa, Florida Mortgage
- 03/23/13 05:41 AM
Tampa, Florida Mortgage lending is nowadays quite challenging to say the least. Everyone involved is taking much caution when it comes to lending-- banks are more careful, borrowers are more careful, and there is more federal regulation than there’s been in decades. How many hurdles are there? Many.
Income, Equity, Credit
It’s possible to get a mortgage approval easily, really. You just simply need to show income, equity and credit to get your loan approved for any type of mortgage.
The income-equity-credit triangle to make mortgage approval is represented below:
Income : Your monthly taxable income versus your monthly household debt. … (0 comments)
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mortgage rates: Bill to Expand HARP
- 03/22/13 02:17 AM
With the new bill coming up, homeowners with equity can be able to enjoy the same benefits that underwater homeowners are currently enjoying under the present version of the HARP refinance program. A bill to expand Saint Pete, Florida HARP to homeowners with equity is being reintroduced by two U.S. Senators. The bill aims to expand the HARP refinance program to include Freddie Mac and Fannie Mae backed homeowners with equity.With the Responsible Homeowner Refinancing Act, homeowners no matter how underwater can now benefit from the guidelines and reduced fees available under the Home Affordable Refinance Program.
Originally introduced on May … (0 comments)
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mortgage rates: What’s Ahead For Mortgage Rates This Week : October 1, 2012
- 03/22/13 01:06 AM
Mortgage rates went down. They hit another all-time low in the prior week as concerns for global economic growth helped U.S. home buyers and refinancing households nationwide.
U.S. mortgage rates responded to non-U.S. events and, for rate shoppers and home buyers in Orlando , home affordability improved.
Just this week, with Greece and Spain debating new austerity measures, and with citizen protests rampant, a flight-to-quality helped to boost demand for U.S. mortgage bonds. So did rumors of a weakening Chinese economy.
“Flight-to-quality” is a trading term for when investors shun investment risk in favor of safer, more high-quality portfolio assets. Typically, … (0 comments)
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mortgage rates: Fed Minutes Detail QE3 Discussion; Mortgage Rates Down
- 03/21/13 11:50 PM
On Thursday was the release of the minutes from the Federal Reserve’s September Federal Open Market Committee meeting.
The Fed Minutes detail the discussions and debates which shaped the central banker’s launch of its third round of qualitative easing since 2008. Wall Street insight into future monetary policy can also be derived from the minutes.
At 6,987 words, the Fed Minutes provides a level of detail that was unavailable via the FOMC’s post-meeting press release, a documen that, by contrast, ran 562 words.
Read more at Fed Minutes Detail QE3 Discussion; Mortgage Rates Down … (0 comments)
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mortgage rates: What’s Ahead For Mortgage Rates This Week : October 9, 2012
- 03/20/13 04:18 AM
Mortgage markets did bad in the previous week for the first time in a month as the U.S. economy showed signs of improvement, and the Eurozone stepped closer to launching its $500 billion euro rescue fund.
Conforming mortgage rates in Florida rose last week on the whole notwithstanding Freddie Mac’s Primary Mortgage Market Survey proclaimed that they fell.
This transpired due to Freddie Mac’s weekly mortgage rate survey being conducted between Monday and Tuesday each week and in the previous week, mortgage rates were lower when the week began.
Read more at What’s Ahead For Mortgage Rates This Week : October … (0 comments)
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mortgage rates: Florida Takes Top Foreclosure Slot For September 2012
- 03/20/13 03:10 AM
Foreclosure volume continues to slip.
According to foreclosure-tracking firm RealtyTrac, in September, the number of foreclosure filings nationwide fell 7 percent from the month prior, and fell 16 percent from September 2011.
RealtyTrac defines a “foreclosure filing” as any of the following foreclosure-related events : (1) A default notice on a home; (2) A scheduled auction for a home; or, (3) A bank repossession of a home.
September’s 180,427 foreclosure filings mark the lowest monthly total in more than 5 years. It’s a signal that the U.S. housing market is in recovery, while also reflecting the success … (0 comments)
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mortgage rates: What’s Ahead For Mortgage Rates This Week : October 15, 2012
- 03/20/13 02:31 AM
Mortgage markets improved slightly last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East.
U.S. mortgage rates fell slightly in the holiday-shortened week.
The combination of civil protests, economic slowdowns, and growing political tensions caused investors to dump risky assets in favor of the relative safety provided by the U.S. mortgage bond market.
According to Freddie Mac,
Read more at
What’s Ahead For Mortgage Rates This Week : October 15, 2012
… (0 comments)
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mortgage rates: What’s Ahead For Mortgage Rates This Week: March 18th, 2013
- 03/18/13 08:08 PM
We saw positive positive employment reports in the previous week. That’s good news for the economy as it typically causes mortgage rates to rise, but mortgage rates were lower as the week wrapped up.
As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers paying their closing costs and 0.8 percent in discount points.
The average mortgage rate for a 15 year loan was 2.79 percent with borrowers paying their own closing costs and 0.8 percent in discount points.
Strong Retail Sales Show Consumer Confidence Improving
Read more at … (1 comments)
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mortgage rates: What's Ahead For Mortgage Rates This Week : October 22, 2012
- 03/16/13 08:59 PM
Mortgage markets worsened last week as hope for a European economic rebound and stronger-than-expected U.S. economic data moved investors out of mortgage-backed bonds.
Mortgage rates all of types — conventional, FHA and VA — lost ground last week, harming home affordability in Longwood and reducing purchasing power nationwide.
Rising rates also thwarted would-be refinancing households hoping to time a market bottom.
Read more at What's Ahead For Mortgage Rates This Week : October 22, 2012 … (0 comments)
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mortgage rates: The Most Expensive U.S. ZIP Codes (2012 Edition)
- 03/16/13 08:48 PM
Since late-2011, home values have climbed in many U.S. markets.
The government’s Home Price index puts the increase at +3.7% an annual basis and the National Association of REALTORS® shows home sale prices up 11% since last year.
The price at which a home sells is determined by the economic force of supply-and-demand but location and amenities matter, too; establishing a baseline from which supply-and-demand can work.
Using data compiled by real estate market data firm Altos Research, Forbes Magazine recently presented America’s 10 most expensive ZIP codes for 2012. California and the New York Metro area dominate the list.
New York, … (0 comments)
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mortgage rates: Home Supplies Drop To Multi-Year Low
- 03/16/13 08:33 PM
As the third quarter closed, home resales showed considerable momentum nationwide.
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
An “existing home” is a home that’s been previously occupied; a resale.
The reading marks the second-highest tally of the year — second only to August 2012 when 4.83 million homes were sold on a seasonally-adjusted, annualized basis. The real estate trade association reports that there are now just 2.32 million previously-occupied homes for sale nationwide.
It’s the thinnest national home … (1 comments)
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mortgage rates: Simple Explanation Of The Federal Reserve Statement (October 24 , 2012)
- 03/16/13 08:21 PM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
For the ninth consecutive meeting, the vote was nearly unanimous. And, also for the ninth consecutive meeting, Richmond Federal Reserve President Jeffrey Lacker was the lone dissenter in the 9-1 vote.
The Fed Funds Rate has been near zero percent since December 2008.
Read more at Simple Explanation Of The Federal Reserve Statement (October 24 , 2012) … (0 comments)
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mortgage rates: What’s Ahead For Mortgage Rates This Week : October 29, 2012
- 03/16/13 07:50 PM
Mortgage markets ended this week just a tad better than the previous week. Wall Street took its cues from U.S. economic data, from developments in Europe, and from the Federal Reserve. This moves mortgage rates lower in Florida and across the nation.
Between Monday and Friday, the pricing for both conforming and FHA mortgage rates improved, with the majority of gains occurring late in the week.
Read more at What’s Ahead For Mortgage Rates This Week : October 29, 2012 … (0 comments)
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mortgage rates: Need To Know Facts About The Cape Coral, Florida FHA Loans Streamline Refinance and Rates
- 03/15/13 05:04 AM
The FHA Streamline Refinance is a mortgage product made for homeowners with existing FHA mortgages. An FHA streamline refinance is typically the refinancing of a current FHA insured loan into another FHA insured loan. You can’t refinance with a delinquent mortgage, so keep it in good standing. Also, the FHA streamline refinance is limited to conventional mortgages via Fannie Mae or Freddie.
The Cape Coral, Florida FHA streamline refinance leads to a decrease of the borrower’s monthly principal and interest payments, or the conversion of an adjustable rate mortgage (ARM) to a fixed-rate mortgage under certain circumstances.
FHA loans have a waiting … (0 comments)
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The Federal Reserve introduced a new economic stimulus and mortgage markets improved last week. The move trumped bond-harming action from the Eurozone, and a series better-than-expected U.S. economic data.
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