- Loan Types
According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.Continue Reading... →
Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.Continue Reading... →
For the first time in 9 weeks, mortgage rates have made new lows.Continue Reading... →
On September 13, 2012 the Fed announced QE3 which included purchasing over $40B (with a “B”) in monthly mortgage backed security bonds on top of their current MBS buying activity. After some immediate and dramatic volatility, that news sent bonds soaring. By day’s end bond pricing was reaching historical [...]Continue Reading... →
Real median income decreased 1.5% in 2011 to $50,054, down from $50,831 in 2010.
The 2011 real median household income was 8.1 percent lower than in 2007, the year before the most recent recession, and was 8.9 percent lower than the median household income peak that [...]
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.Continue Reading... →
Mortgage rates rose slightly in last week’s holiday-shortened week.Continue Reading... →
Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.Continue Reading... →
Beginning as soon as next week, conforming mortgage applicants will be subject to higher mortgage rates. It’s part of the Federal Housing Finance Agency’s plan to render Fannie Mae and Freddie Mac less competitive in the marketplace.
“G-Fees” : Insurance For Fannie Mae [...]Continue Reading... →
Do as I say, Not as I do!
(MarketWatch) Thomas Marano, chief executive officer of Residential Capital, wrote me a letter.
“Dear Homeowner,” it begins. (That’s me, homeowner.)
“As you may have read or heard, Residential Capital LLC recently announced that it and its subsidiaries, [...]Continue Reading... →
Virtually every market traded lower yesterday following the Federal Reserve release of the March 13th Minutes. Bonds lead the way with the 10yr US Treasury jumping to over 2.30%, and the Mortgage Backed Security (MBS) yields losing over 70bps yesterday “minutes after the [...]Continue Reading... →
Each quarter, Fannie Mae releases their National Housing Survey. They survey the American public on a multitude of questions concerning today’s housing market. We like to pull out some of the findings we deem most interesting each time it is released. Here they are for the [...]Continue Reading... →
Fortune favors the bold.
— Latin Proverb
- 2013 Real Estate Outlook by Approved Funding is available!
- What’s Ahead For Mortgage Rates This Week – April 8, 2013
- How my “almost” mortgage client lost $47,682 in less than 15 minutes…
- With Tomorrow’s Job Report Due, Mortgage Rates May Finally Rise
- Pending Home Sales Index Continues To Show Strength
- Mortgage Rates Hit Another Record Low
- New Home Supply Remains Firmly In “Seller’s Market” Territory
- New Home Affordable Refinance Program Lending Guidelines
- Government shutdown effect on the mortgage business
- New Appraisal Standards Effective September 1 for Fannie Mae and Freddie Mac
- Wells Fargo (Wachovia) to pay out $67 million in NJ Settlement
- Employment Rate by State as of July 2011
- First-Time Homebuyer Education
- Loan Types
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