mortgage market watch: The Mortgage Minute – April 28, 2008
- 04/27/08 10:42 PM
Looking Back
Mortgage interest rates rose again last week on better than expected earnings reports and decreased expectations as to the size of this week's Fed rate cut. Many now believe that they will only cut the rate by 0.25%, instead of the 0.50% from earlier predictions.
New home sales plunged 8.5% in March over the previous March, while sales of existing homes were down 2.0% over the same time frame.
Looking Forward
Look for investors to be keying on the Federal Open Market Committee (The FED) meeting Tuesday and Wednesday. While most are expecting another 1/4% rate cut, there is a … (1 comments)
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mortgage market watch: Mortgage Market Watch - April 21, 2008
- 04/21/08 11:09 PM
Mortgage Commentary
Rates kept their slight upward trend last week. We don't expect any improvement this week either. With inflation concerns growing and oil prices skyrocketing, investors will demand more for their money in the near-term, which means higher rates. Don't expect significant relief as summer approaches. Lock in your rate as soon as possible.
March's Durable Goods Orders will be posted early Thursday morning. This report gives us an indication of manufacturing sector strength by tracking orders for big-ticket items at U.S. factories. Current forecasts call for a small increase in orders. A smaller than expected increase could help boost … (1 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - April 21, 2008
- 04/20/08 10:58 PM
PLEASE NOTE: Effective 5/5/2008, one of the largest Private Mortgage Insurance (PMI) companies will no longer provide mortgage insurance for loans with less than a 5% down payment. Look for other companies to follow shortly. This will leave FHA as the only 3% down payment loan around. For the most part (with very short list of exceptions) 100% financing is already gone. If you have questions or are confused about what types are financing are still truly available, please give me a call.
Current Rates*:
30 Year Fixed - 6.25% with Zero Points Jumbo 30 Year Fixed - 8.0% with Zero … (1 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - April 14, 2008
- 04/18/08 07:06 AM
Current Rates*:
30 Year Fixed - 6.0% with Zero Points Jumbo 30 Year Fixed - 7.625% with Zero Points 15 Year Fixed - 5.625% with Zero Points FHA / VA 30 Year Fixed - 5.875% with Zero Points*Rates and fees accurate as of 4/11/08. Rates and fees subject to change without notice. This is not an advertisement for the purposes of the Truth-in-Lending Act or Regulation-Z. Terms and conditions apply. For qualified borrowers. Not a promise to lend. Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to … (0 comments)
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mortgage market watch: Mortgage Market Watch - April 14, 2008
- 04/14/08 02:08 PM
Mortgage Commentary
We saw rates come down slightly last week, leaving the door open to lock in a good rate this week. Much remains to be seen however, as this week brings us several relevant market reports as well as the start of the earnings announcements. We will likely see swings back up in rates. If you haven't done so, get you rate locked in now.
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 stock markets. If … (0 comments)
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mortgage market watch: Mortgage Market Watch - April 7, 2008
- 04/07/08 10:40 PM
Mortgage Commentary
Rates remained fairly steady last week. We hope, as many analysts do, that they remain steady this week as well. However, since rates are on shaky ground, any negative news could push them higher in a flash. This week brings us the release of only two relevant economic reports in addition to the minutes from the last Federal Open Market Committee (FOMC) meeting and a Treasury auction. Both of the relevant reports are scheduled for release later in the week, so the most movement in rates may come the latter part of the week.
The final release of the … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - April 7, 2008
- 04/06/08 02:00 PM
Current Rates*:
30 Year Fixed - 5.875% with Zero Points Jumbo 30 Year Fixed - 6.75% with Zero Points 15 Year Fixed - 5.50% with Zero Points FHA /VA 30 Year Fixed - 5.875% with Zero Points*Rates and fees accurate as of 4/4/08. Rates and fees subject to change without notice. This is not an advertisement for the purposes of the Truth-in-Lending Act or Regulation-Z. Terms and conditions apply. For qualified borrowers. Not a promise to lend. Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. … (0 comments)
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mortgage market watch: Mortgage Market Watch - March 31, 2008
- 03/31/08 07:52 PM
Mortgage Commentary
Rates inched up a bit last week. We don't expect a huge swing in rates this week either, but we do expect them to creep up some more. As the economy shows signs of weakening, inflation concerns will likely push rates north. Get your rate locked as soon as possible.
This week is light in terms of the number of economic reports scheduled for release, however, two of the three reports that are scheduled to be posted are considered to be of high importance. With important data being posted only tomorrow and Friday, we should see several days of … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - March 31, 2008
- 03/30/08 09:05 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - March 24, 2008
- 03/24/08 03:54 AM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - March 17, 2008
- 03/16/08 11:41 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory – March 10, 2008
- 03/09/08 10:19 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - March 3, 2008
- 03/02/08 09:16 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - February 25, 2008
- 02/25/08 04:45 AM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - February 18, 2008
- 02/17/08 08:28 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - February 11, 2008
- 02/10/08 01:06 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory - February 4, 2008
- 02/03/08 10:13 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory – January 28, 2008
- 01/27/08 09:47 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory – January 21, 2008
- 01/21/08 10:12 AM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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mortgage market watch: The Mortgage Interest Rate Lock Advisory – January 14, 2008
- 01/13/08 11:22 PM
Interest rates are based on numerous economic, financial and credit based factors that adjust daily. In addition, lenders can vary on qualification criteria from program to program. If you like the rate today, the safe bet is to lock. Even if rates improve, they wouldn't improve enough in the short term to make you cry about it. But if you are an ardent market bear, and accept the risk of negative mortgage headlines, and believe the economy will just get more bad news next week, and you have the money to risk, you may benefit from floating. Just remember, it always … (0 comments)
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Looking Back
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