rates: FHA Limits Raised
- 03/07/08 04:32 AM
Great News! FHA has increased their loan limits. To see how it has affected your state and county follow the following link: https://entp.hud.gov/idapp/html/hicostlook.cfm … (1 comments)
rates: Market: What is going on?
- 03/07/08 04:23 AM
The Capital Markets Sales Desk has fielded a large number of calls from customers simply asking, "What's going on? Why is the mortgage market trading lower every day?" The following are reasons that could help explain why mortgages are struggling and why current market conditions are so volatile:
The question is, "Why are mortgages widening or losing value vs other benchmarks like treasuries?" Mortgages are widening for a number of reasons. First, there are no buyers. The dealer community is quite full and has no more balance sheet to hold mortgages. In addition, with the market so volatile, dealers don't want to own … (0 comments)
rates: Is it time to Refinance?
- 01/31/08 08:00 AM
Exerpt: Refinancing A Mortgage? Move FastLiz Moyer and Tatyana Shumsky 01.31.08, 6:00 AM ET The Federal Reserve has chopped short-term rates twice in the span of eight days, pushing the overnight rate to 3%, the lowest since September 2005. Can we refinance our mortgages now? A lot of homeowners certainly think so. Refinance applications made up 73% of total mortgage applications in the last week, up from 66% the previous week. The Mortgage Bankers Association's refinance index is up 29.3% in the last month and has doubled since August. "We've seen a marked increase" since the beginning of the year, says Bob Harris, president … (4 comments)
Great News!;)
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