Posts Tagged ‘mortgage’
With 2010 coming to a close, the “experts” are out in full force, making predictions for next year’s housing and mortgage markets on business television and in the papers.
Tags: Housing, mortgage, Predictions
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CC came in at 52.9, very close to the predicted 53. Rates are stable at the moment and are not changing leading into the auction here shortly.
Tags: economic reports, mortgage
Posted in Mortgage Insights | Comments Off
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Currently down 34 bps for the morning, rates may start .125% higher this morning. We’re teetering right under the 200 DMA and in volatile territory, so hopefully you’ve taken advantage of our FREE advice of locking in your loan programs a while ago. Right now is not a time to be risking your rate, and…Read the Rest of Article
Tags: fha, fha mortgage, free mortgage advice, mortgage
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Good morning folks, Currently we up about 36 basis points (bps) as of this morning, as stocks are in negative territory and the Philadelphia Fed Index (an indicator of manufacturing sector trends) came in higher than expected. We’re bouncing back from some of the losses from the past week, but I wouldn’t expect MBS to…Read the Rest of Article
Tags: fha loan, market update, mortgage
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Currently up around 6 bp for the morning and hovering around the 100 Day Moving Average (DMA), the CPI (Consumer Price Index-average price of basket of goods spanning over 200 categories) came in at the estimated 0.4% as well as the Housing Starts (number of new monthly residential construction projects that are underway) which came…Read the Rest of Article
Tags: market update, mortgage
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Top of the morning to everyone! So this morning’s economic reports swung mortgage rates in the direction you’re not wanting to hear. The PPI (Producer Price Index- measures wholesale inflation) came in higher than expected, and the NY Empire manufacturing index came in much lower than expected. Since we’ve seen the hits this morning, there…Read the Rest of Article
Tags: mortgage, mortgage advice, mortgage market update
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And another auction hits the dust. 30 Year Bond results are in and, like yesterday, not good news. Currently down 28 bps for the day currently hedging both levels of support. I would play it safe and lock in any transactions, folks.
Tags: 30 year auction, MBS auction, mortgage
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By Holden Lewis • Bankrate.com Another week, another record low for mortgage rates. The benchmark 30-year fixed-rate mortgage fell 6 basis points to 5 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. That’s the lowest rate on the 30-year fixed in the history of…Read the Rest of Article
Tags: fha rates, mortgage, refi rates, usda rates, va rates
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Mortgage Rates Hold Near Six Month Lows. Still Locking Loans by Victor Burek – In a volatile session, mortgage rates ended yesterday’s session unchanged as a small rally in benchmark Treasuries helped support the MBS market. Following weaker than expected economic data in the morning, rates rallied. However as profit taking took place later in…Read the Rest of Article
Tags: fha rates, mortgage, texas mortgage rates, va rates
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by Adam Quinones The National Association of Realtors released Existing Home Sales data this morning. Think about the materials that go into building and maintaining a home….WOOD, STEEL, PLASTICS, WIRING, PIPING, CONCRETE, GLASS, ELECTRICITY, FURNITURE, CARPETING ,ELECTRONICS, APPLIANCES….LABOR. How about the commissions earned by Realtors and mortgage originators who help the borrowers close on their…Read the Rest of Article
Tags: home sales, mortgage, New Home Sales
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So, you’ve decided to buy a house? GREAT DECISION, especially now since rates are super low and you can walk into plenty properties with some decent equity. Ok, step 1 complete. Next step, picking the right lender. I’ve written several articles on this previously, but I will summarize countless hours of explanation into ONE sentence:…Read the Rest of Article
Tags: austin, dallas, Houston, lender, mortgage, mortgage rates houston, san antonio, texas
Posted in Texas Mortgage Info | Comments Off
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CHICAGO (MarketWatch) — The number of mortgage applications rose 2% in the week ending May 1, the Mortgage Bankers Association said Wednesday, with borrowers seeking both more refinance and home-purchase loans. The MBA’s seasonally adjusted composite index of mortgage applications rose to 979.7 from 960.6 a week earlier. The refinance index was up 1.2% while…Read the Rest of Article
Tags: mortgage, mortgage applications, texas
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On Friday, Citigroup and J.P. Morgan Chase said that they would temporarily hit the “Pause Button” on foreclosures. Out of the $350 billion that is left, $50 billion of the last year’s bailout plan is going to be used to buy some time for homeowners that are currently having trouble paying their mortgage payments. This…Read the Rest of Article
Tags: bailout plan, foreclosure, mortgage, obama, texas
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