A tale of three stories. That’s a great way to describe last weeks news, as a string of positive economic reports, news out of Europe, and hints that inflation is heating up all worked together to impact Bonds and home loan rates. Here are the details! There was a double dose of good news on the… [Read More]
Mortgage Rates as of June 4th
This morning’s Conventional FIXED and ARM rate quotes are: 30 Year 3.875% (4.075% APR) 15 Year 3.0% (3.279% APR) *These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO score and loan amount between $125,000 – $417,000 based upon a 1% Origination Fee and 45 day lock using approved lenders… [Read More]
The Housing Market Update
Bernanke: Lower Mortgage Limits Are a ‘Trade Off’ Federal Reserve Chairman Ben Bernanke discusses the phase out of higher conventional loan limits. For those of you worried that the scheduled expiration of higher loan limits at Fannie Mae, Freddie Mac and the FHA will have a negative effect on the housing market by raising the… [Read More]
Morgage Rates as of May 10th, 2011
Mortgage Updates MPA – Mortgage Assistance Payment – The State has the program in place and loan documents are finally coming out. Eligible borrowers should be receiving a call from the intake centers to come in and sign their loan documents. If they are not approved the State will be contacting them. NEW/OLD PROGRAMS –… [Read More]
Mortgage Market Rate Update
The market was smooth at the beginning of the week and is ending the week with a little volatility resulting in a little bit of a rate increase towards the end of the day. As the Japanese market starts to stabilize, so will the other global markets resulting in mortgage rates flattening out in the… [Read More]
