finance: Finance Market Update - Wk of June 9th, 2008 - 06/11/08 06:37 AM

 Brentwood TN Real Estate
Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned by Fed Chairman Bernanke's comments indicating "longer-term inflation expectations have risen in recent months, which is a significant concern for the Federal Reserve." Oil prices retreated to near $122 per barrel the early portion of the week only to bounce higher Friday with prices around $138 per barrel.For the week, interest rates on government and conventional loans rose by about 1/2 of a discount point.The consumer price index Friday will be the most important event this week. Trade data and retail sales may … (0 comments)

finance: Finally Some Good News For Interest Rates Yesterday! - 06/07/08 12:58 AM

Brentwood TN Real Estate:

Mortgage Bonds were helped this morning, after a rough open, by news that the Unemployment Rate increased to 5.50%, up from 5% last month. As you know, bad news in employment usually fuels good news for mortgages.
 
Speaking of fuel, oil prices continue to spark inflation fears, which are always a key negative indicator for mortgages. This coupled with statements made by the European Central Bank of potential rate increases, will surely put pressure on the dollar, making foreign goods and services more expensive in the U.S. and also contributing to inflation.
 
I … (4 comments)

finance: From Brentwood TN Real Estate - Finance Report/Commentary for Wk of 6- 2- 2008 - 06/05/08 07:08 AM
I apologize for being late this week, busy, busy!
Brentwood TN Real Estate
Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned by stronger than expected durable goods data. The Treasury auctions added extra supply amid terrible foreign demand. Unfortunately this pressured mortgage bonds lower and rates higher. Oil prices retreated but still remained high amid declining US reserves.For the week, interest rates on government and conventional loans rose by about 7/8's of a discount point.The employment report Friday will be the most important event this week. The ADP employment release and revised productivity data will also … (2 comments)

finance: From Brentwood Tn Real Estate - Imploded/Ailing Lender List Updated 28 May, 2008 - 05/29/08 11:50 AM
THE FOLLOWING LENDERS HAVE GONE FROM THE AILING LIST TO IMPLODED:
(For a complete list please visit Brentwood TN Finance)

 Vanguard Mortgage & Title, Inc.
Chase Home Equity - Wholesale
Chase Subprime - Wholesale
Evergreen Investment & Carnation Banc
Casa Blanca Mortgage/Shearson - Wholesale


UPDATED AILING LENDER LIST:



17. Franklin Bank, SSB
16. Wilmington Finance
15. Bayview Lending Group, LLC
14. Homewide Lending Corporation
13. Thornburg Mortgage
12. American Equity Mortgage, Inc.
11. CTX Mortgage Company (Retail)
10. First Horizon Home Loans
9. Gateway Funding
8. BankUnited (Wholesale)
7. Chevy Chase Bank - Wholesale
(1 comments)

finance: Brentwood TN Real Estate - Finance Market Comment- Wk of May 26, 2008 - 05/28/08 01:20 AM
Brentwood TN Real EstateMortgage bond prices fell pushing mortgage interest rates higher. Rising inflation fears dominated trading. Oil prices hit all-time highs as the price of a barrel eclipsed $135. Fortunately the steep price increases subsided in overnight trading Thursday evening. Mortgage bonds were able to bounce back a bit Friday morning erasing some of the prior losses and helping rates recover.For the week, interest rates on government and conventional loans rose by about 1/4 of a discount point.The preliminary GDP data will be the most important event this week. Consumer confidence and the inflation data also have the potential to … (1 comments)

finance: Brentwood TN Real Estate:Finance Market Update May 12th, 2008 - 05/12/08 11:10 PM
 Brentwood TN Real Estate
Good news for Brentwood TN Home buyers and the real estate market. Mortgage bond prices rose last week pushing mortgage interest rates lower. Stocks fell which helped bonds rally. Trading remained very volatile. Record high oil prices tempered improvements in mortgage interest rates as the fear of inflation continued to dominate the financial markets. OPEC blamed speculators and a weak dollar while some analysts expressed supply concerns associated with unrest in Nigeria. Foreign demand for US debt securities dwindled. For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.The … (7 comments)

finance: Brentwood TN Real Estate- Ailing Lenders, A List To Watch - 05/06/08 03:27 PM
With the recent Mortgage Crisis still in full swing many Brentwood TN Real Estate buyers are confused about how to find out which lenders are sinking and which have already sunk. Over the last year hundreds of lending institutions have gone "belly up" or stopped retail lending due to the "credit crunch" default loan numbers increasing and poor lending habits to begin with. Here are the latest on the radar, watch to see where they go. For a list of  the already fallen see  Brentwood TN Finance  on my Brentwood TN Real Estate site. Please remember that although there have been many "finance" … (11 comments)

finance: Brentwood TN Real Estate - Finance Market Update May 5th, 2008 - 05/05/08 04:14 PM
 
 
Finance market update provided by Brentwood TN Real Estate for buyers and sellers in the Brentwood TN area.
Mortgage bond prices rose last week pushing mortgage interest rates lower, this is great news for Brentwood TN real estate buyers. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data released came in as expected with the exception of the employment report that was released Friday. Non-farm payrolls fell 20,000 in April, less than the expected decrease of 75,000. For … (0 comments)

finance: Brentwood TN Real Estate - Finance Market Update April 28, 2008 - 04/28/08 03:03 AM
 
 
Brentwood TN Real Estate
 
Mortgage bond prices rose last week pushing mortgage interest rates lower. Oil prices fell the first portion of the week, which helped bonds rally. Unfortunately, some pipeline shutdowns ignited inflation fears Thursday and Friday causing bond prices to fall and rates to rise, erasing a lot of the earlier improvements. Stocks remained volatile with some optimism despite data that showed the economy continued to struggle.
 
For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.
 
The Fed meeting Wednesday will be the most important event this week. Look for reactions to the … (3 comments)

finance: Finance Market Update, April 20th, 2008 Brentwood TN Real Estate - 04/22/08 02:24 PM
 
Brentwood TN Real Estate
Mortgage bond prices fell last week driving mortgage interest rates substantially higher. The economic data released during the week was mixed. Unfortunately, the Producer Price Index (PPI) report's headline number was twice as high as expected igniting inflationary fears. Stocks bounced up and down, which resulted in continued whipsaw trading in mortgage bonds.
For the week, interest rates on government and conventional loans rose by about 1/2% in interest rate.
The durable goods orders data to be released Wednesday will be the most important event this week. The remaining releases may result in market volatility more so than usual since … (1 comments)

finance: Finance Market Update - April 14, 2008, Brentwood TN Real Estate - 04/14/08 11:27 AM
Brentwood TN Real Estate
Mortgage bond prices rose slightly last week pushing mortgage interest rates lower. Most of the data showed signs the economy continued to struggle. Unfortunately the Fed minutes showed increased inflation concerns, which tempered any major improvements in mortgage interest rates. Stocks bounced up and down, which resulted in continued whipsaw trading in mortgage bonds.
For the week, interest rates on government and conventional loans fell by about 1/8 to 1/4 of a discount point.
The consumer price index data Wednesday will be the most important event this week. The potential for market volatility is high surrounding the other releases as … (1 comments)

finance: Finance Market Report April 7th, 2008 -Brentwood TN Real Estate - 04/08/08 06:03 AM
Brentwood TN Real Estate
Mortgage bond prices rose last week pushing mortgage interest rates lower. Stronger than expected manufacturing data shocked the market a bit and set the tone for early trading in the week pushing bonds prices lower. Fortunately the employment report showed higher unemployment and lower payrolls, which helped bonds recover Friday. Market participants viewed the weaker employment figures as more evidence for additional Fed rate reductions at the end of April.
For the week, interest rates on government and conventional loans fell by 1/4 of a discount point.
The Fed minutes Tuesday will be the most important event this week. Trade … (1 comments)

finance: Mortgage Price Changes Industry Wide - Update - 04/02/08 10:27 AM
 Brentwood Tn Real Estate
Update on more pricing hits/changes with credit scores.  Some lenders rolled out these changes last week, some are rolling them out this week and so on, but it is industry wide in the coming.
Conventional Loans - FNMA/FHMC - higher add ons to rates for credit scores 620 to 699
FHA - Govie Loan - Pricing hits now on govie - below 600 score - cut off for most investors unless you receive an automated approval is now 580.  Good news of this change is some pricing improvement on the higher credit score buyers doing FHA financing now.
Investor loans are … (2 comments)

finance: Finance Market Update March 31, 2008 - 03/31/08 02:38 AM
Brentwood TN Real Estate
Mortgage bond prices fell last week pushing mortgage interest rates considerably higher. Most of the data was bond friendly showing signs the economy continued to struggle. Unfortunately Fed warnings of creating "conditions for sustainable inflation over the long term" rekindled inflation concerns. Inflation erodes the value of fixed income securities and generally leads to higher mortgage interest rates.
For the week, interest rates on government and conventional loans rose by over a full discount point.
The employment report Friday will be the most important event this week. The potential for market volatility is high surrounding the ISM Index and factory … (0 comments)

finance: And Then What? Finance Issues Still Causing Problems! - 03/27/08 05:34 AM
 
 Brentwood TN Real Estate
So President Bush gives some money out, not much, but some. The FHA limit is raised, and tax breaks are implemented for PMI. And then what? PMI companies have decided not to underwrite over 97% loan to value and the PMI payments are like a car payment. 100% mortgages are nearly impossible to find and credit scores under 680 make you Persona non Grata for a loan. And exactly where is the help I keep hearing about? Have I missed it by blinking? Did it rush past me when I turned my head? Maybe so. This problem is … (2 comments)

finance: THDA/ Conventional Loan changes Effective March 31, 2008 - 03/19/08 10:06 AM
TBrentwood TN Real Estate
he following changes will become effective March 31, 2008:
•·         The maximum LTV/CLTV cannot exceed 97%.
•·         Seller concession cannot exceed 3%.
•·         All MI certificates must be dated on or prior to March 31, 2008 on any conventional loan with 97.01 - 100% LTV and/or a 6% seller concession.
•·         These changes will become effective March 31, 2008, howeverCOMPLETE loan submission packages will be accepted  until April 15th with MI certificates dated correctly.
Please be advised that the following guidelines continue to apply for Conventional loans:
•·         All Conventional loans must meet Fannie Mae or Freddie Mac underwriting guidelines.
•·         The DU or LP … (3 comments)

finance: Finance Market Update, March 17, 2008 - Brentwood TN Real Estate - 03/17/08 07:57 AM
 
 
Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading was volatile the entire week. The Fed stepped in absorbing some of the oversupply of mortgage bonds. Inflationary pressures were eased with the consumer price index lower than expected. The financial markets were rattled a bit as the Fed and JPMorgan Chase helped Bear Stearns with funding.
For the week, interest rates on government and conventional loans fell by about a full discount point.
The Fed meeting Tuesday will be the most important event this week. The potential for market volatility is very high surrounding the Fed meeting. Industrial production, capacity … (1 comments)

finance: Finance Market Comment March 10, 2008 Brentwood TN Real Estate - 03/10/08 04:03 AM
 
Brentwood TN Real Estate
Mortgage bond prices fell last week pushing mortgage interest rates significantly higher. The spread between Treasuries and mortgage-bonds continued to widen as banks and portfolio investors sold mortgage bonds to raise cash for battered balance sheets. This selling pressure coupled with investors already leery of mortgage related debt sent prices through the floor pushing rates considerably higher.
For the week, interest rates on government and conventional loans rose by 3/8% to 1/2% in rate.
The consumer price index data Friday will be the most important event this week. Trade data, retail sales, and consumer sentiment also have the real potential … (1 comments)

finance: The Sky Is Not Falling! Why This Is The Time For Smart Buyers To buy! - 02/25/08 10:50 PM
 Brentwood TN Real Estate
Everyday seems to bring more bad news for the Housing Industry. Lenders caught in the sub-prime melt down are closing their doors while banks and prime lenders are tightening loan requirements. Mortgage rates are rising and PMI (private mortgage insurance) showing industry wide narrowing of guidelines and options all contribute to the general "panic" atmosphere buyers perceive in the Brentwood TN Real Estate market as well as other areas.
 Add to that increasing tax, foreclosures and sellers who have not yet seemed to see the light and you have one big roller coaster ride, complete with stomach dropping … (28 comments)

finance: Update on FHA and Raising Conforming Limits - 02/25/08 03:06 AM
 
 Brentwood TN Real Estate
President Bush signed HR 5140 aka: The Economic Stimulus Act of 2008 into law on February 13th. The law took effect immediately and is effective through December 31st of this year. A major point of the bill for those of us in the mortgage industry is that it significantly increases mortgage lending limits in certain areas of the country but the bill leaves a lot of questions on the table and leads to a great deal of confusion as everyone seems to be asking the question "So what does this mean for loan limits in my area?" Let's … (2 comments)

 
Vanessa Stalets, REALTOR, Brentwood TN Homes, Real Estate (RE/MAX Elite) Rainmaker large

Vanessa Stalets

REALTOR, Brentwood TN Homes, Real Estate

Brentwood, TN

More about me…

RE/MAX Elite

Address: 278 Franklin Rd, Suite 190, Brentwood, TN, 37027

Office: (615) 661-4400

Mobile: (615) 957-6333

Email Me

Vanessa Stalets, RE/MAX Elite Brentwood TN Call 615-957-6333 for more information! Your number one site for Brentwood TN Real Estate Information.Find market analysis, finance, Government actions and how they affect you, plus all the latest home listings for Brentwood TN, Nashville TN and Franklin TN. You will also find great home improvement ideas and tips!Email vstalets@gmail.com www.vanessastalets.com


Listings

Links

Archives

RSS 2.0 Feed for this blog