Mortgage Rates & Trends

By
Mortgage and Lending - Total Mortgage Services
Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage

ARCHIVED BLOG POSTS

2010 

The newest credit scoring product, the FICO 8 Mortgage Score, is supposed to do a better job at predicting if homeowners will keep paying their mortgages. The latest credit score product, now available from all three major credit reporting agencies, offers mortgage lenders “more precise risk asse...
10/29/2010
This morning, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released its quarterly report to congress.  The report is incredibly blunt and candid about the failures of TARP (which are myriad).  Neil Barofsky, the inspector general, blasted TARP for being opaque, mi...
10/26/2010
While the latest Case Shiller Housing Index shows a decline in house prices, one of the inventors of the index, Karl Case, is optimistic about the housing market’s future. With home prices depressed, this is a great time to purchase a home, he believes. Learn about purchasing a home. An increase ...
10/26/2010
The trend to smaller homes is here to stay, and McMansions will be out of style. That’s the prediction from the National Association of Home Builders outlined in a study released today. Tighter mortgage lending requirements is one factor driving home sizes down, the NAHB points out. Find mortgage...
10/21/2010
Freddie Mac published their weekly mortgage rates survey today.  They found that mortgage rates increased for the first time in five weeks, as the average rate on a 30 year fixed mortgage increased from 4.19 percent to 4.21 percent last week.  The average rate on a 15 year fixed rate mortgage inc...
10/21/2010
FHA mortgages are gaining popularity over the last few years among first time home buyers throughout the country. These types of mortgages are provided by FHA-approved lenders and insured by the Federal Housing Administration so that borrowers who may not be able to meet the strict requirements o...
10/15/2010
This is a ignominious record to be sure: according to a Bloomberg article by Dan Levy, home seizures due to foreclosure hit an all-time high in September as lenders seized more than 102,000 houses according to a RealtyTrac report.  This is an increase over August, when more than 95,000 homes were...
10/14/2010
Freddie Mac released their weekly mortgage rates survey earlier today, and found that the average rate on a 30 year fixed rate mortgage fell to 4.19 percent last week, down from 4.27 percent the week prior.  The average rate on a 15 year fixed mortgage fell to 3.62 percent, down from 3.72 percent...
10/14/2010
Rainmaker
55,384

Total Mortgage Services

local_phone(203) 876-2200
Contact The Author
Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage