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Are Gas Prices Rising? Mortgage Rates Won’t Be Far Behind.
Summer months bring with them a few constants — catchy songs, Will Smith movies, and rising gas prices. This last item, at least, can be shown in a chart. See above. With oil prices racing higher, it won’t be long before gas prices do the same. And more than any…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...What Mortgage Rates Will Do Over The Next 30 Days (April 23, 2009 Edition)
24. April 2009
Are mortgage rates going up? Are mortgage rates going down? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may have your answers. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages,…Read the full post at http://www.themortgagereports.com More: continued [...]
Continue reading...Why You Can’t Get Your Mortgage News From The Newspaper
24. April 2009
This clip is from my local Sunday paper’s business section. It illustrates why researching mortgages can be confusing (and annoying). We look to our newspapers to tell us the truth; to provide indisputable facts. In this case, MSM=FAIL. Aside from the spelling mistake in the headline, it looks like…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...The Mortgage Rate Game : Official Rules And Prize List
24. April 2009
Shopping for a mortgage is a lot like entering an NCAA Men’s Basketball Tournament pool. You begrugingly fill out an application, the cost is more than you expected, and you’ve never heard of most of your choices. Let’s play a different game this March. It’s free and it’s called The…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...What Mortgage Rates Will Do Over The Next 30 Days (April 9, 2009 Edition)
24. April 2009
Are mortgage rates going up? Are mortgage rates going down? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may have your answers. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages,…Read the full post at http://www.themortgagereports.com More: continued [...]
Continue reading...Understanding The Federal Open Market Committee’s Official Statement (March 18, 2009)
24. April 2009
This is a copy of the Wall Street Journal’s always-excellent, post-FOMC meeting Parsing the Fed feature. Here’s what you need to know in two, simple-to-understand bullet points: Mortgage rates fell post-meeting because the Fed stepped up its mortgage market support Mortgage rates will eventually…Read the full post at http://www.themortgagereports.com More: continued here Powered by [...]
Continue reading...What Mortgage Rates Will Do Over The Next 30 Days (April 16, 2009 Edition)
24. April 2009
Are mortgage rates going up? Are mortgage rates going down? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may have your answers. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages,…Read the full post at http://www.themortgagereports.com More: continued [...]
Continue reading...The Obama Refi Plan : Eligibility Requirements And Getting Started With The Making Home Affordable Program
24. April 2009
The Making Home Affordable program is officially official. Mortgage lenders are now processing applications and paperwork for the help-the-homeowner plan often referred to as “The Obama Plan”. Because Making Home Affordable is a new program, there have been a lot of questions about how it works,…Read the full post at http://www.themortgagereports.com More: continued here
Continue reading...FHA Ends 95 Percent Cash-Out Refinances March 31, 2009
24. April 2009
This isn’t a new story, but more of a reminder. The FHA is discontinuing its 95% cash-out refinance program effective April 1, 2009. For all case assigmements made on or after April 1, 2009, cash-out refinances are limited to 85%. “Case assignment” is FHA-speak for “registered loans”. It’s a move…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...Why You Can’t Trust Your Local Newspaper’s Mortgage Rate Advertisements
24. April 2009
This is the second-best one minute summary you’ll get all day. What’s the first? That’s easy. The advertisement shown at right ran in Saturday’s Cincinnati Enquirer. I’m using it to illustrate why you can’t rely on your local paper’s mortgage rate information. This is not a dig on the Enquirer,…Read the full post at http://www.themortgagereports.com More: [...]
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24. April 2009
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