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Articles by Stevie Duffin

What is a Down Payment?
During mortgage transactions, lenders prefer to work with borrowers who invest a larger down payment. In the aftermath of the subprime mortgage market collapse, the burst of the U.S. housing market bubble, and the resulting economic downturn, the days of the no-down...
How can I get the best refinance rates?
Home Equity Loan or HELOC?
There are two methods of borrowing against the equity in a property: securing a home equity loan(HEL) and opening a home equity line of credit(HELOC). . These loan transactions are referred to as second mortgages, as they give you access to additional funds by utilizing...

Home Equity Loan after Bankruptcy
Borrowers who've filed for bankruptcy may not entirely be disqualified from receiving a home equity loan. Quite the opposite, taking out a home equity loan after bankruptcy is one of the most sensible decisions to make in recovering from bankruptcy. . For borrowers...
Commercial Loans
Commercial property loans are business-related mortgage loans on real estate designed for business purposes. Commercial real estate loans can help you purchase, build or refinance commercial properties.. Such loans are designed to help acquire, construct or simplify...
Top 5 Things to Avoid When Adding a Balloon Payment to an Owner Financed Note
Advantages of an FHA Loan
With so many advantages to the FHA program coupled with conventional loans becoming increasingly difficult to qualify for, numerous borrowers have turned toward government-backed FHA mortgages.Here are six major advantages to FHA loan financing which have contributed...
How Does a Reverse Mortgage Work?
Should I Sell or Refinance My Home?
Pre-Qualification vs. Pre-Approval
If you've researched mortgages for funding your upcoming home purchase,  you may have come across the terms “pre-qualification” and “pre-approval.”  These terms may sound similar, but they are two entirely...
Blog Review for: SunapeeRegionBlog.com
Dan O’Halloran is a real estate agent and marketing professional who lives and works in the Lake Sunapee Region of New Hampshire.  He has a strong career background in marketing and finance and utilizes internet technology in addition to traditional marketing...
The Cash-In Refinance: What It Can Do For You
Ginnie Mae asks for $30M for Salaries
The Government mortgage program has experienced unprecedented growth the past two years and now Ginnie Mae requires to add $30 million to cover new employee salaries. This will allow the agency to hire additional staff while reducing its dependence on outside contractors.....
Demand for Refinance Applications Increases Because of Lybia
Demand for mortgage refinancing increased sharply last week, as interest rates declined due to the uncertainty casues by the recent events in the Middle East.. Refi applications surged 17.8% from the previous week, according to figures from the Mortgage Bankers Association...
FHA in Jeopardy because of Budget Crisis
Unless Congress comes up with new money by midnight Friday, the federal government will shut down — and along with it the Federal Housing Administration and its popular mortgage insurance programs. A budget deal which is in the works to extend government operations...
Mortgage Applications Increase 15.5%, Highest Jump Since June
A sudden spike in home purchase a refinance activity pushed mortgage application rates to a recent high this past week.  Applications increased 15.5% from the week previous, a large and mostly unexpected jump.  The last time mortgage applications leapt this high...
More Foreclosures This Year, But Fewer Mortgages Delinquent, Study Shows
Not surprisingly, Florida tops the list of states with high mortgage delinquency rates, followed closely by Nevada.   Mississippi, New Jersey, and Georgia are next in line.  While these three states haven't received as much attention from the media,...
Factors Affecting an Appraisal
Mortgage Applications Increased Last Week because of more Refinance Activity
The number of mortgage applications increased last week because of more refinance activity and the drop in the 30 year fixed interest rate (46 basis points off its 2011 high).According to the Mortgage Bankers Association, the composite index rose 8.2% on a seasonally...
Studies Show Most Home Buyers Do Not Understand Their Mortgages
It seems American homebuyers don't understand how mortgages work.  As if the financial crisis itself wasn't evidence enough that something had gone foul in the mortgage marketplace, a recent study prepared and conducted by a major mortgage firm asked...
Mortgage Debt Decreased by $400B
Mortgage debt dropped over $400 billion in the period between 2007 and 2010.  This is primarily because more people continued to reduce their mortgages by paying them down and also turned to refinancing to reduce their monthly mortgage payments.Statistics by the...
West Coast States witness drop in foreclosures
Majority of the states on the West Coast have experienced sizeable drops in foreclosure filings in April, prompting experts to label the trend "surprising".  The reason has been that banks had months to fix robo-signing issues that slowed the number of...
Buying a Condo - Things to Consider
Ginnie Mae guarantees over 26 Billion
Over $26.4 billion in mortgage backed securities were guaranteed by Ginnie Mae last month.That is an increase from $24.1 billion in March and $26.2 billion in February.Ginnie Mae raises money from global investors in credit markets to ensure liquidity for affordable rental and...
Three More Reasons VA Home Loans are the Best Loans for Those Who Qualify
What Fees Can I Expect When Buying a Home?
Getting A Home: Your Guide To Common Questions
Be informed about the home buying process! It's is the most empowering thing you can do, and Lender411 is definitely the right place to start!. Is Buying a Home For You?Many people have worries and concerns about the purchase of a home. Owning a home isn't for everyone,...
Blog Review: Realtor Marney Kirk
Marney Kirk is a veteran in the real estate industry for the Baltimore area. With 13 years of experience as an agent, the language and tone of her blog is very exciting and energetic. She specializes in the areas of Timonium and Towson, but also covers the areas of Hunt Valley,...
How to Choose a Realtor
We've put together a list of the most important interview questions for you to ask your real estate agent to help you find the perfect match that will lead you to your perfect house.. 1. How long have you been in business?There's a running joke that there's...
Home Values Continued Their Drop in December
In fourth quarter of 2011, we witnessed yet another drop in house values.  According to Zillow the home prices fell 1.1% from the previous quarter. This obviously sugests that the housing market has yet to reach its bottom.Home values actually fell a much bigger percentage...
Bernanke Says No lending to Creditworthy Borrowers Slows Housing
Lenders who are not willing to give loans to potential borrowers meeting underwriting guidelines set by Fannie Mae and Freddie Mac are actually slowing down United States economic recovery according to Chairman Bernanke.When Federal Reserve Chairman Ben Bernanke spoke...
Signs of Revitalized Housing Market
The aftermath of the housing recession created many distressed properties in large metropolitan areas such as Las Vegas and Miami. Some properties fell at such astronomical rates that investors had lost all confidence in the market. During the worst of times, prices in Las...
Housing starts up almost 700,000 in January 2012
Housing starts increased in January of 2012 by 1.5%.  This is the highest level since October 2008.On a seasonally adjusted basis, this number moved up to 699K from 689K for December 2011, which was actually revised up by 32K. From a year earlier this number actually jumped...
Confidence in economy wanes
Consumers still remain optimistic about the general state of the economy, but their confidence waned a bit in the middle of the current month based on Gallup's economic confidence index which dipped from January levels.This Gallup index measures overall consumer...
Freddie Mac Optimistic about Housing Market
Both Freddie Mac and Fannie Mae, the Government Sponsored Enterprises project a better future for the 2012 housing and unemployment markets. This projection comes at a time when interest rates remain at all-time lows.Freddie Mac predicts slow but steady improvements in the...
Jobless Claims Still Low
Americans have been filing less jobless claims recently.  Last week the number of claims remained flat compared to the prior week.  This is actually the lowest unemployment number since year 2008 and as the market for jobs continues to improve.The seasonally...
Rising Rents will Improve House Sales
Housing rental market might actually cause home sales to turn out brighter than projected this spring according to the economists at the MBA (Mortgage Bankers Association).There is data that supports the fact that apartment owners have raised their rates causing fewer...
Mortgage Rates Near 60-year Lows
According to Freddie Mac, the national average for fixed mortgage rates dropped again for the week ending March 1, keeping them near their 60-year lows.The 30 year fixed-rate mortgage is averaging 3.90% for the week, which is slightly down from 3.95% for last week.  This...
Residential Construction Spending Increases
Spending for residential construction increased 1.6% in the first month of this year from December of last year and 5.4% from 2011.  This is based on the data released by the Census Bureau.This is a seasonally adjusted number and actually reached $260.6 billion which is the...
Home Prices to Modeslty Increase in 2012
According to Clear Capital’s Home Data Index Market Report- National home prices in March fell 1.4% from the same four month period as last year even as key regions reported amiable price gains.. Reasonable price gains are projected for the rest of 2012, with a...
Economy Moves Sideways with Lukewarm Housing Recovery
The U.S. economy is not improving as fast as everyone would like it to, and at best is moving sideways.  Consumer sentiment is down mostly due to historically high, near $5 gasoline prices.  The mild winter stimulated some economic activity but not enough to spur up a...
Consumer Sentiment Dips in April
According to a report released by University of Michigan today, the consumer sentiment dropped slightly for April.  The index slipped to 75.7 from 76.2 in March. The March number was actually a 13-month high and one of the highest readings of the index since the start of the...
Housing Market is Improving According to Wells Fargo CFO
Timothy Sloan, CFO of Wells Fargo, stated in an interview on CNBC that the stability of the housing market was slowly improving  Despite reporting this, he also stated that this is not something we can be certain of until “we look in the rearview mirror a few months...
Fitch predicts single-family housing starts to rise by 10%
In 2012, single-family housing starts will see a climb of 10%, according to Fitch Ratings. The firm’s latest U.S. homebuilding update also reports an 8% rise in new home sales.. After disappointing results for 2011, the ratings giant expects an erratic homebuilding...
Positive Signs for Home Buyers as Consumer Defaults fall
With the November 2012 primary approaching, Presidential candidates are continuing to promote their new economic plans to revitalize the economy.  With hope on the horizon, and consumer credit defaults continuing to fall, home mortgage rates are at their lowest...
Long Term Economic Damage Left By Housing Bubble
By Daniel Duffield. In 2008, the U.S. housing market underwent an unprecedented collapse, the delayed consequences of which may still be burdening our gradually recovering economy. According to James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, this...
Housing Proves to be Silver Lining
By Daniel Duffield. While the year’s economic growth seems to be losing its drive, Fannie Mae expects moderate growth for the second half of the year, indicating that housing will be a silver lining.. In Fannie Mae’s most current report, housing sales have risen by...
Multifamily Sector Spurs Development
Tom Lowder, chairman of Colonial Properties Trust, believes that fundamentals have been and are expected to grow robustly in the multifamily sector.  Lowder claims that he is seeing one of the most preeminent cycles for the multifamily business in the last forty years...
65% Increase in Housing Investment
By Daniel Duffield. As more investors turn to bank-owned properties for investments this year, recent data reflects the change, showing a 65% increase in homes purchased as investments according to the most recent Foreclosure News Report from RealtyTrac.Rising from...
Mortgage Rates Continue to Decline
By Daniel Duffield. In the midst of concerns over the possibility of economic recovery, both 15-year and 30-year mortgage rates continued to plummet, reaching incredible lows.. A survey from Freddie Mac revealed that 30-year FRM averaged 3.49% this week, hitting a record low...
Mortgage Lawsuit Continues for JPMorgan Chase
By Daniel Duffield. JP Morgan Chase & Co’s attempts to discontinue a lawsuit which involves a possible deception of homeowners about modifying their mortgages failed today as U.S. District Judge Richard Stearns  ruled to continue the proceedings.Stearns,...
What is the HARP 3 Refinance?
HARP 3.0 has garnered much attention and could achieve the level of success that many anticipated before the lukewarm reception of the original HARP. Only months after the launch of HARP 2.0, a plan to implement another revision of HARP has been introduced, aptly titled HARP 3.0...
Aggressive, Creative Housing Recovery
By Daniel Duffield. In a recent statement regarding the housing crisis, Treasury Secretary Timothy F. Geithner stated that several years of “aggressive, creative” initiatives will be necessary for the U.S. to recover from its devastating housing crisis.....

For Bay Area homeowners and prospective homeowners, the Signature Homes blog, also known as the SigHomes Clubhouse, is not only a charmingly written blog but also helpful resource in finding out about local real estate opportunities. As one might expect, the blog includes...
Mortgage Rates Begin to Rise
By Daniel Duffield. Mortgage rates began to rise this week, possibly indicating a bottoming out of rates. For 1-year Treasury-indexed ARM, rates this week averaged 2.70 percent with an average 0.4 point, lower than last week’s 2.71 percent average. This time last year, the...
Refinance mortgage applications hit a 3-year high
According to several industry trade groups, mortgage applications rose slightly during the week of July 20.  This marked the highest level of the refinance index in 3 years!  Nevertheless, several analysts still viewed these statistics as a lack of prosperity...
Closing Costs Decrease 7%
By Daniel Duffield. Federal conventions have successfully reduced the cost of closing mortgage loans, noticeably helping new homebuyers.. According to a recent survey, mortgage closing costs have decreased at an average of 7.4% over the last year. This summer, homebuyers...
What is FHA MIP ?
FDIC Suing 12 Banks Over Faulty Mortgage Bonds
By Daniel Duffield. Last Friday, the Federal Deposit Insurance Corp. sued twelve major banks for supposedly selling faulty mortgage bonds to non-operational Colonial Bank.. Colonial failed in August of 2009 as a  result of bad real estate gambles and a lending scandal...
HOPE NOW Mortgage Modifications Reach 5.6 Million
By Daniel Duffield. HOPE NOW has exploded in popularity, enabling over 5.6 million mortgage modifications since the programs establishment in 2007, according to information released on Tuesday. Formed in the wake of the housing crisis, HOPE NOW consists of mortgage...
Homebuilder Sentiment Nears Favorable Levels
By Daniel Duffield. According to data from the National Association of Home Builders released on Wednesday, homebuilder sentiment rose in August, reaching a five-year peak and showing some hope and promise for the injured housing market.. The organization said in a...

To anyone involved in real estate or considering real estate investment, the Real Estate Investing (REI) blog at reiclub.com is a valuable resource, containing a wealth of knowledge concerning all things home related. Unlike traditional blogs, this particular blog is not...
Starts for Housing Decrease in July amongst Swell of Building Permits
By Daniel Duffield. According to statistics posted by the U.S. Census Bureau and Department of Housing and Urban Development, residential construction maintains its hopeful outlook, persisting in improvement for July in upward bursts in terms of permits, starts, and...
Consumer Defaults on the Decline in July
By Daniel Duffield. According to the S&P/Experian Consumer Credit Default Indices which were released on Tuesday, the level of defaults for the majority of consumer loans has continued to lessen in July. Only second mortgages rose from .73 in June to .75 percent in July....
Popular VA Refinance Options
If you are looking to refinance your VA mortgage loan, the two popular options to choose from are: VA cash-out refinance or a VA streamline refinance. . The VA cash-out refinance allows borrowers to extract cash from their home equity, whereas a VA streamline refinance...
The Llenrock Blog Review
The Llenrock Blog is entertaining beyond belief.  Normally when thinking about real estate writing, it’s a safe assumption that the content will be dry – this blog is anything but that.  The Llenrock Blog’s content is fresh, funny and relevant...
Reverse Mortgages Predicted to Rise
By Daniel Duffield. In 10 years, reverse mortgages will be as pervasive as individual retirement accounts, according to Scott Norman, vice president of Sente Mortgage’s reverse mortgage division. Norman predicts that with many more people investing in equity,...
Foreclosure Sales Decrease Drastically During 2Q
By Daniel Duffield. Foreclosures and sales of bank-owned properties declined drastically during the second quarter as banks strategize to accommodate the current housing market.. Despite this decrease, the portion of all foreclosure sales in the U.S. rose during April and...
Consumer Confidence Rises against Low Expectations
By Daniel Duffield. According to a survey released on Friday, consumer sentiment rose to a three-month peak as American outstanding debt levels decreased, despite pessimism about the future.. Reports from the manufacturing sector presented an ambivalent image, as factory...
Mortgage Applications Decline Once More, Economists Anxious
By Daniel Duffield. For the final week of August, mortgage applications decline 2.5% under the pressure of tight credit circumstances, putting a damper on buyer and refinance activity that had since been strong.. Interest rates continue to fall, with 30-year fixed-rate...
Applications for Mortgages Surge 11.1%
By Daniel Duffield. As interest rates continued to decrease, American mortgage applications surged 11.1% during the first week of September, according to an industry trade group.. The Mortgage Bankers Associate attributes the substantial increase in refinance activity...
FHA Relaxes Condo Guidelines Temporarily
By Daniel Duffield. ccording to a letter addressed to lenders on Thursday, the Federal Housing Administration (FHA) relaxed some of the FHA qualifications regarding the purchase of condos until August 2014.. This new regulation applies to projects being submitted for...
August Shows 9.3% Increase in Sales of Existing Homes
By Daniel Duffield. In August, sales of existing homes increased 9.3%, reaching a seasonally adjusted yearly rate of 4.82 million from last year’s 4.41 million, according to the National Association of Realtors. This rate shows a 7.8% rise from July at 4.47 million.. This...
Blog Review: Minnesota Real Estate Daily
For an engaging and informative read on real estate topics, Minnesota residents and real estate enthusiasts should read the Minnesota Real Estate Daily blog. Written by mortgage professional Joe Metzler, this blog provides a wealth of information about a variety of...
FHFA to Adjust Guarantee Fees
In an attempt to reclaim a measure of the "exceptionally high costs" the GSEs have warranted  in mortgage default  cases, the Federal Housing Finance Agency is adjusting the guarantee fees charged by Fannie Mae and Freddy Mac. The FHFA is specifically...
Mortgage Rates Reach Record Low Once More
By Daniel Duffield. Last week, mortgage rates decreased to record low levels as a result of the Federal’s Reserve’s choice to purchase billions in home mortgages in the near future. With this decision, lending costs have been reduced for both homebuyers and...
Build Idaho Blog Review
For Idaho residents, people interested in Boise real estate, and even just readers who may be curious about life in Boise, the Build Idaho Blog on BuildIdaho.com is a well-written, informative blog that not only provides relevant real estate information, but also includes...
G-fees Most Influential in New York
By Daniel Duffield. According to analyst Sarah Hu of the Royal Bank of Scotland, the new guarantee fees proposal on Fannie Mae and Freddie Mac mortgages could potentially increase annual mortgage payments by $100 annually in the five applicable states.. Hu additionally...
Pending Home Sales Decline 2.6% in August
According to data presented by the National Association of Realtors, the number of signed home sales contracts in August declined 2.6% from July, with the nation still striving to recover from one of the most significant housing downturns since the Great Depression.. In...
Mortgage Prepayment Rates Hit 7-Year High
By Daniel Duffield. Prepayment rates for mortgages have drastically increased, hitting the highest measurement since 2005 as homeowners capitalize on the incredibly low costs for refinance.. According to Lender Processing Services Inc. (LPS), a Jacksonville,...
FHA to Remain Uninvolved with REO-to-Rental
By Daniel Duffield. Carol Galante, acting commissioner of the Federal Housing Administration (FHA), stated to a gathering of mortgage professionals that her organization will not create an REO-to-rental program comparable to the Fannie Mae equivalent.. The Federal...
What is the Purpose of APR?
The majority of borrowers may have heard the acronym APR, but many don't understand it or the factors that contribute to its calculation. . This article will explain the purpose of APR, how APR functions, the fees used to calculate APR, as well as the limitations of...
Your Cheat Sheet to Short Sale Guidelines
 In November 2012, the FHFA announced that both Freddie Mac and Fannie Mae were implementing new short sale guidelines for mortgage servicers. In essence, these updated guidelines fused all existing short sale programs into one unified program. . Under the new...
Homebuyer Faith Restoring in Housing Recovery
By Daniel Duffield. Of the consumers responding to the latest housing survey from Fannie Mae, a 69% majority stated that they would prefer to purchase a home rather than rent if moving in the near future.. Fannie Mae, which surveyed 1,000 consumers for its September poll, said...
How to Write a Short Sale Hardship Letter
When seeking approval for a short sale, borrowers must persuade the lender to accept less than the full amount of the mortgage loan. Often, borrowers present a letter explaining the financial or other hardship which contributed to the necessity of the sale. . While banks...
Home Affordability Increases Despite Rising Home Prices
By Daniel Duffield. According to the latest statistics released concerning Existing Home Sales, family home prices have risen six-consecutive months to levels above last year’s data, largely affecting home affordability and surprisingly making home purchase...
Bank Approval of Short Sale
This article will explore the reasons why banks endorse certain short sale transactions and examine some of the common ways in which banks sabotage them.. Bank Interest in Short Sale ApprovalBanks remain in business by earning a profit. Banks may occasionally benefit from...
Lack of Competition Hurting U.S. Mortgage Market
By Daniel Duffield. According to comments made by a senior policy maker for the U.S. Federal Reserve, the mortgage market has been undermined by big banks and financial policies. These comments may signal the beginning of big lender scrutiny for banks such as Wells Fargo and...
15% Rise in Housing Starts
By Daniel Duffield. According to reports from the U.S. Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts showed a 15% rise since August, growing from an annual rate of 758,000 to 872,000 properties.. Compared with last...
Required Documents for a Short Sale Package
Here is a list of documents generally required by banks for short sale evaluation and approval:. Executed Listing AgreementAn important part of the short sale package is having the required information such as: when the property was put on the market, the name of the...
Housing Market Showing Progress According to Fannie Mae
By Daniel Duffield. In spite of the uncertainty which looms over the U.S. economy, Fannie Mae economists believe in an ambiguous 2013, with predictions housing market improvement amidst the obstacles of tax and federal policies which have slowed economic recovery.. According...
New Home Sales Hit 2.5 Year Peak
By Daniel Duffield. Due in part to the historically low mortgage rates, September saw a 5.7% rise in new home sales in terms of single-family residences, reaching a seasonally-adjusted annual level of 389,000 units. During the announcement, however, the U.S. Census Bureau and...
Rising Home Prices Deter Low-Income Workers from Cities
By Daniel Duffield. Sales of single family homes in the U.S. increased 5.7% during the month of September, reaching the highest levels since April of 2010.. Many see these figures as an indication of economic recovery, as increasing home sales generally pushes housing prices...
Foreclosure Rates Decrease in September
By Daniel Duffield. In September, the U.S. inventory of defaulted properties declined as home foreclosures decreased. While indicating some progress, the nation has yet to reach the low foreclosure rates prior to the housing crisis, and total inventory has not made any large...
New Short Sale Guidelines Take Effect
By Daniel Duffield. This week, short sales will become somewhat easier for struggling homeowners, as new short sale guidelines have been put into effect by the Federal Housing Finance Agency for the government-sponsored enterprises Fannie Mae and Freddie Mac.. Since their...
Housing Market Recovery Still Unstable
By Daniel Duffield. The U.S. Housing recovery has not yet gained enough strength and stimulus is recommended through the reduction of government oversight of the mortgage financing system, said Robert Shiller, a professor at Yale University and co-creator of the...
How to Pay Off Your Reverse Mortgage Early
Mortgage Applications Decline Following Hurricane Sandy
By Daniel Duffield. As a result of the fallout of Hurricane Sandy, mortgage applications decreased a noticeable 5% for the week ending on November 2, an industry trade group reported.. With many financial firms closed and borrower difficulties as a result of the storm,...
How will Obama’s Reelection Affect Housing?
By Daniel Duffield. f the issues which the Obama administration faces during the next four years, housing will be critical. Although many analysts have claimed that the market has bottomed out and that current statistics illustrate the beginning of a turnaround, the rate and...
Increase in Rentals Drives Home Prices Higher
By Daniel Duffield. This year, a combination of growing house prices and increased investor activity has indicated some recovery within the real estate market; however, first time homebuyers still face challenges, stated CoreLogic in their November MarketPulse report.....
Mortgage Applications Recover Following Hurricane Sandy
By Daniel Duffield. Mortgage activity has rebounded for the week ending on November 9 as states impacted by Hurricane Sandy in late October managed to return to normal routines. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, a gauge of...
FHA Raises Premiums to Cover MIP Deficit
By Daniel Duffield. The Federal Housing Administration (FHA) intends to increase annual premiums by 10 basis points, or 0.10%, sell 10,000 delinquent mortgages quarterly, and enhance aid for borrowers in an attempt to repair the organization’s finances, U.S. Housing...
Delaware Ohio Real Estate Blog Review
Whether you’re an Ohio native or a prospective Ohio resident, the Delaware Ohio Real Estate Blog comprises three blogs in one, providing a wealth of information not only regarding home purchase opportunities but also helpful market trend reports, as well as...
Should the U.S. Avoid the Fiscal Cliff, Recession?
By Daniel Duffield. Federal Reserve Chief Ben Bernanke anticipates a strong year for the U.S. economy during 2013 if avoiding the fiscal cliff can be achieved, although one analyst proposes that the potential recession caused by the fiscal cliff could be exactly what the...
Foreclosure Laws Should be Uniform, Says Ghent
By Daniel Duffield. According to a new research article, state-enforced foreclosure laws which are still in effect today were originally created for an economic scenario that far differs from the current trends in the housing market.. Andra Ghent, professor of real estate at...

Blog readers interested in learning some useful lessons regarding real estate should visit the Cyprus Partners’ Real Estate blog. This blog offers information pertinent to any homebuyers or readers who could stand to learn about real estate related topics. Whether...
New Home Sales Fall 0.3% in October
By Daniel Duffield. New home purchases in the U.S. have abruptly decreased in October, demonstrating the inadequate development of the real estate market recovery.. Sales declined 0.3% to an annual average rate of 368,000 after September’s revised rate of 369,000 that...
MBA Criticizes Improper Use of Potential G-Fee Extension
By Daniel Duffield. David Stevens, CEO of the Mortgage Bankers Association (MBA), is counteracting a proposal from the House of Representatives to prolong g-fee increases on government-backed mortgages to compensate for the costs of passing an immigration bill.. The MBA...


For families hardest hit by Hurricane Sandy, extra help is on the way if they meet federal qualifications for rental assistance. New actions taken by the Department of Housing and Urban Development [HUD] are designed to increase payments from public housing agencies by up to...
Indefinite Alterations in the Future for HECM
By Daniel Duffield. New changes to the Home Equity Conversion Mortgage (HECM) are in the works to facilitate more secure and clear loans for seniors hoping to extract their home equity through reverse mortgages.. Shaun Donovan, Secretary of the U.S. Department of Housing and...
HARP Refinances Decline among Large Lenders
By Daniel Duffield. The inventory of accessible mortgages that qualify for the Home Affordable Refinance Program (HARP) has diminished among big lenders such as Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo, according to the December prepayment report...
Impending G-Fee Increases Fannie Mae Production
By Daniel Duffield. Agency mortgage-backed securities (MBS) total distribution increased dramatically in November as a result of a rise in Fannie Mae’s production, which analysts believe was driven by the prospective hikes for guarantee-fees on mortgages.....
Rental Income Demand and Profit Strong for Investors
Residential property rental income rose 12% over the course of last year during September.  Rents are continuing to rise due to increased demand.  CoreLogic, a property analytics firm has been showing increased confidence about the overall housing economy for...
Banks Adjust to New Foreclosure Restrictions amidst Rising Home Seizures
By Daniel Duffield. Last month, the recollection of U.S. homes increased 5.4%, constituting the first annual increase in the past two years, with lenders attempting to navigate the inventory of distressed homes while maintaining the momentum of the housing recovery...
November home sales in California
An estimated 37,481 new and resale condos and houses sold in the state of California during November, a decrease of 4.5 percent from the 39,254 sales in October and an increase of 14.7 percent from the 32,669 sales that took place in November 2011, reported analysts at San...
Benefits of FHA Streamline Refinance
Homeowners with mortgages insured by the Federal Housing Administration (FHA) have a unique refinance option, known as the FHA streamline refinance. Unlike the standard FHA refinance, the streamline variant requires significantly reduced up-front costs and...
Restoration of the Housing Market Halfway Complete According to Trulia
According to an analysis by Trulia of several key pieces of housing data, the housing market has made a 51% recovery from the lowest point of the housing crisis and pre-crisis measurements.. Trulia utilized three factors in its November Housing assessment, including...
Mortgage Refinance Focus Expected to Move toward HARP
By Daniel Duffield. Borrowers with mortgages held by Fannie Mae or Freddie Mac may see an increased ability to refinance in the coming year, although borrowers with non-agency loans may find these opportunities nonexistent, according to Compass Point Research &...
Sales of New Residential Homes Reaches Two-Year Peak in November
By Daniel Duffield. In November, sales of new single-family homes reached a two-year peak, hitting the highest level since April 2010 at an adjusted annual rate of 377,000.. These new home sales averaged 4.4% above the corrected October rate of 361,000, according to a statement...
14 Banks Likely to Accept another Foreclosure Settlement
By Daniel Duffield. In order to put an end to allegations of abuse with regards to foreclosure procedures, banks will likely pay an additional $10 billion after a previous foreclosure settlement. According to a report to the New York Times, the settlement would conclude all...
American Consumers Anticipate Rising Home Prices
By Daniel Duffield. Last month, consumer confidence rose in terms of the housing market outlook, consisting of an optimistic opinion on the future of home prices, rental prices, and mortgage rate predictions, according to data from the Fannie Mae December National Housing...
Biting the Hand that Feeds: AIG’s Potential Lawsuit against the Fed
By Daniel Duffield. It seems that the audacity of the American International Group Inc (AIG) knows no bounds. AIG, the organization that received a total of $182 billion from the federal government as bailout to save the company from impending bankruptcy in 2008, has now...
AIG Board Meets to Discuss Possible Litigation against U.S. Government
By Daniel Duffield. On Wednesday, the board of the American International Group Inc. convened to discuss the joining of a lawsuit against the U.S. government regarding the alleged unfair terms that were imposed during the company’s bailout, a meeting which has been...
Breaking News: AIG Board Decides Not to Pursue Lawsuit against the U.S. Government
By Daniel Duffield. According to sources informed of the decision, directors for American International Group Inc. came to an early agreement regarding the Greenberg lawsuit against the federal government, deciding against litigation that alleged that the U.S. government...
One-Third of U.S. Homes Owned Outright
While the mortgage market collapse and burst of the housing bubble created a high degree of anxiety about the number of underwater homeowners, statistics have recently shown that approximately one third of homeowners in America own their properties outright, with no...
CFPB Guidelines to Discourage Predatory Lending, Improve Lending Transparency
Prior to the disappearance of the sub-prime mortgage market, originators had many incentives in aggressively pushing riskier loan products onto American borrowers, ultimately resulting in a collapse of the mortgage market. These loans often included disadvantageous...
Church Visited by MLK at Dire Risk of Foreclosure
By Daniel Duffield. In light of Martin Luther King Jr. Day, a church visited by Martin Luther King Jr., historically significant for its role during the civil rights movement, faces a large threat of foreclosure due to owed interest payments.. The St. Augustine church, Greater St....
Supply and Demand: Housing Recovery Threatens Home Affordability
By Daniel Duffield. Following the wake of the housing market bubble burst at the turn of the last decade, the housing market struggled for years to regain its former strength. However, in a surprising reverse, the housing market has made such progress that the U.S. housing...
Housing Recovery Strength Shown in Sharp Drop in California Foreclosures
By Daniel Duffield. Foreclosures in the state of California reached a 6-year low in Q4, according to real estate research released Wednesday.. Between October and December, 38,212 default notices were issued to houses and condominiums in California, declining 37.9% from the...
Has another U.S. Housing Market Bubble Formed?
By Daniel Duffield. Formation of the First BubbleIn 2002 as housing began a trend of cooling down, prices grew an average of 7% annually, until these increases began to rise at an even faster rate in 2004, at 8%, and again in 2005, at 12%. With these abrupt increases of home prices,...
Blog Review: Real Estate Tips for Today's Market
Written by Jason Christensen of Sun Valley Mortgage, the "Real Estate Tips for Today's Market" blog is tailored for mortgage-savvy individuals who want a summary of the week's economic happenings.  The blog is updated every week with a new issue of...
HARP 2.0 Appraisal
When the Home Affordable Refinance Program (HARP) released updated guidelines, titled HARP 2.0, HUD removed the formerly enforced HARP loan-to-value (LTV) restrictions that had prevented underwater borrowers from acquiring lower interest rates. . As a result,...
What Are The Revised and Improved HARP 2.0 Underwriting Guidelines?
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What Are My Refinance Options If I'm Underwater?
Mortgage Delinquencies Hit Four Year Low
By Gretchen Wegrich. A report released Tuesday by TransUnion revealed that serious mortgage delinquencies have reached their lowest rate since 2008. The rate at which delinquencies are decreasing continues to improve, from a 5.19 percent decline in delinquencies during...
Big Changes for Reverse Mortgage Program
This past Wednesday, in a testimony before the House Financial Services Committee, Assistant Secretary for Housing Carol Galante stated that the FHA would be taking aggressive action to secure its future after last year’s housing meltdown last year.  Last...
HARP Refinance Program Reaches 2 Million Milestone
By Daniel Duffield. According to a news release from the Federal Housing Finance Agency (FHFA) detailing the November 2012 Refinance Report, the Home Affordable Refinance Program (HARP) has reached a new milestone, reaching 2 million refinances issued. During November,...
Advantages of a Larger Down Payment
Many borrowers attempt to secure loans with minimal down payment requirements, but paying more money up front can have numerous advantages.. Pay Less Interest. Putting forth a large sum for a down payment will save borrowers thousands of dollars of accrued interest over the...
Winter Instability Affects Housing Starts
By Daniel Duffield. New housing starts for private residences declined 8.5% from December to January, according to a report released by the U.S. Census Bureau and Department of Housing and Urban Development on Wednesday.. Despite this, experts at Capital Economics, while...
Existing Home Sales Rise as Inventory Reaches 13-year Low
By Daniel Duffield. Sales of existing homes in the U.S. grew in January, leaving the national inventory of homes at its lowest level within the past 13 years and indicating that the housing market recovery is picking up speed.. On Thursday, the National Association of Realtors...
What Do I Need To Know About VA Home Loan Rates?
Will GSE Modifications Destroy the 30-Year Mortgage?
By Daniel Duffield. At present, one of the most discussed topics has been the government sequester that threatens to bring about various budget cuts that could have a significant effect on the American economy. While the extent of this damage is debatable, government...
Federal Government to Temporarily Cut Native American Loan Program
By Daniel Duffield. As a result of the failure of Congress to agree on legislation to avoid the automatic budget cuts, the U.S. is now facing the impact of the sequester in a variety of areas. Public services are now being maintained by the Commitment Authority until Congress can...
What is the First Time Home Buyer Tax Credit?
First Time Home Buyer Down Payment
For many first time home buyers, down payments can be a significant obstacle to obtaining a mortgage loan, as most home loans require sizeable sums up-front. This article will let you know what options are available to every type of first-time home buyer.. Down Payment...
California Home Sales Decline Could Be Early Warning for National Housing
By Daniel Duffield. In California, home prices have grown annually each month for an entire year, according to the California Association of Realtors (CAR). Median home prices for existing single-family properties averaged $333,800 in February, dropping 1% from the...
High LTV Refinances Spike, Underwriting Standards Relax
By Daniel Duffield. In February, mortgages with high loan-to-value ratios (LTV) of 95% of higher saw a sharp rise in refinancing, according to the latest origination report released by Ellie Mae. This trend demonstrates the continued popularity of the Home Affordable...
Housing Inventory Expands, Slowly
By Daniel Duffield. Following Freddie Mac’s predictions that this spring will be the strongest season for the housing market within the past six years, the National Association of Realtors (NAR) reinforced this estimate by also stating that February home sales for...
The Home Selling Game: Knowing When to Sell
By Daniel Duffield. Whether investing in a rental property or simply moving-up from a new home, real estate requires the precise knowledge when to buy or sell, and the successful application of this knowledge will determine the profit of the transaction.. For homeowners...
Continuation of the QE3 Could Create New Housing Bubble
By Daniel Duffield. At present, the axiom that history repeats itself may be proven once more, as recent rises in home prices have failed to have any effect on unemployment levels, which would be expected from a strengthening housing market. As a result, a new housing bubble may...
Senate Passes Bill to Levy Additional Fees on Big Banks
By Daniel Duffield. On Saturday, during a marathon of voting in the Senate to devise the first budget within the past four years, a provision was unanimously agreed upon with a 99-0 vote that would “end subsidies” contingent on the size of the six biggest...
National Foreclosures Fall to Lowest Point Since 2007
By Daniel Duffield. In February, nationwide foreclosures continued a trend of steady decline, indicating the growing strength of the ongoing housing recovery.. Simultaneously, the inventory of foreclosed properties has fallen as well. Last month, the number of homes at...
Housing Industry Growth Spreads to Other Sectors
By Daniel Duffield. With the increasing strength of the housing market, similar industries have also seen a boost this year, with many analysts indicating that the U.S. economy is beginning to regain its former vitality. According to Lawrence Yun, a chief economist for the...
Homebuyers Can Afford More Expensive Homes, Says NAHB
By Daniel Duffield. The National Association of Home Builders (NAHB) is asserting to home buyers that they have the means to afford larger home purchases, citing U.S. Census Bureau data and statistics from the Department of Housing and Urban Development (HUD).. The NAHB...
FHA Mortgage Insurance Refund
While loans insured by the Federal Housing Administration (FHA) include many beneficial qualities, borrowers securing FHA mortgages or FHA refinance loans pay high mortgage insurance charges, regardless of the down payment amount. . Divided into two fees, an...
CoreLogic: Home Price Increases Reach 7 Year Peak
By Daniel Duffield. In February, home prices underwent a 10.2% year-over-year increase, constituting the most substantial annual home value gain in roughly seven years, as well as marking the 12th straight month of home price growth, according to CoreLogic.. The housing...
Best Markets for Purchasing Single-Family Rental Properties
By Daniel Duffield. Purchasing a single-family home and renting it out can be considerably advantageous and financially prudent, however the monthly profits from such a venture will primarily be based on the location of the property and the dynamics of the housing market in...
Employment Rise Fueled by Construction Jobs
By Daniel Duffield. Despite the shortfall of national employment that disappointed many in March, residential construction has seen a substantial improvement, the Department of Labor indicated.. According to Paul Ashworth, chief economist at Capital Economics, the...
Could the HARP Extension Mean the Eventual Release of HARP 3.0?
By Daniel Duffield. On Thursday, the Federal Housing Finance Agency (FHFA) released news that the Home Affordable Refinance Program (HARP) would be receiving an extension, with the previous deadline of December 31, 2013 being moved back two years to December 31, 2015.. With...
HARP 2.0 Extension Expected to Prolong Lifespan of QE3
By Daniel Duffield. Now that the Home Affordable Refinance Program, otherwise known as HARP, has been extended by two years from its original 2013 deadline, the Federal Reserve‘s purchasing of mortgage-backed securities could continue beyond previous estimates.....
Housing Starts Jump 7% in March
By Daniel Duffield. From February to March, U.S. housing starts rose a notable 7%, with a 46.7% increase over the previous year, according to a statement made by the U.S. Census Bureau on Tuesday.. Rates for housing starts grew to an annual level of 1.03 million units, rising from...
FHA Bailout Potentially on the Horizon
By Daniel Duffield. On Wednesday, associates of the Housing Committee on Appropriations presented many questions and concerns to Shaun Donovan, secretary of the Department of Housing and Urban Development (HUD), in order to bring up the issue of how the Federal Housing...
Fitch Claims Home Prices Overvalued Given Unemployment Data
By Daniel Duffield. For the week ending on April 13, unemployment claims increased by 4,000, removing some of the market optimism that had been present after the 42,000 drop in jobless claims last week.. In the latest measurement, roughly 352,000 jobless claims were reported,...
Home Prices Rise in February According to LPS Data
By Daniel Duffield. In February, home prices saw a 1% growth from the previous month, rising 7.3% from the previous year, according to data included in the February U.S. Home Price Index released by Lender Processing Services.. Within this report, data indicated that the average U...
HARP 3.0 Discussions Reveal Little Hope for HARP Update
By Daniel Duffield. Recently, mortgage professionals convened with White House representatives to deliberate on the status of housing and the mortgage industry, and during this meeting, experts retouched upon the possibility of initializing HARP 3.0, the third...
Mortgage Applications Regain Traction after Sluggishness, Rates Continue to Fall
By Daniel Duffield. For the week that ended on April 19, applications for mortgage loans increased 1.8% compared with the previous week, according to a statement from an industry trade group made on Wednesday.. The Mortgage Bankers Association also reported that this increase...
What is Private Mortgage Insurance (PMI) ?
Can I Refinance My Mortgage After Bankruptcy?
How Do Construction Loans Work?
Construction loans are approved only when the lender knows the full story such as builder, land purchase, location, and borrower behind the proposed project, which is why they are classified as story loans. Such information is key for the lender, considering story loans are...
Infographic: How Would Federal Tapering Affect me?
Federal Tapering has been begun, albeit slowly. This infographic illustrates how Tapering off Mortgage-Backed Securities at 45 billion each month, would directly affect you and the housing market..
How to Write a Letter of Explanation for a Mortgage Lender
If your mortgage lender has requested you write a letter of explanation to describe an extenuating circumstance that led to some blemishes in your loan application, consider it an opportunity to satisfy eligibility requirements.. Sometimes the eligibility criteria may...
Buying Your First Home, The Survival Guide: Getting Pre-Approved
Editor’s Note: This article is the first in Lender411’s Buying Your First Home, The Survival Guide trilogy. Skip to the second entry, Calculating Costs or the third, Choosing a House.. If you grew up in America, it's possible you’ve spent time gazing at...
Buying Your First Home, The Survival Guide: Calculating Costs
Editor's Note: This article is the second in Lender411's Buying Your First Home, The Survival Guide trilogy. Skip to the first entry, Getting Pre-Approved or the third, Choosing a House.. Part Two: Calculating CostsFollowing mortgage loan pre-approval, you will...
Buying Your First Home, The Survival Guide: Choosing a Home
Editor’s Note: This article is the third in Lender411’s Buying Your First Home, The Survival Guide trilogy. Skip to the first entry, Getting Pre-Approved or the second, Calculating Costs.. Part Three: Choosing a HouseOnce you have an accurate estimate of your...
Blog Review: Redhead Properties
. . The November 26 post on the Redhead Properties blog opens with “Every counter top is scattered with flour or sugar or salt and pepper. The cupboards are bare of every pan, plate and serving dish. There isn’t a single clean utensil in any drawer anywhere in the...
Blog Review: Valley Market Real Estate
. . Sticking out like a refreshingly sore thumb in an otherwise drab sea of black-suited realtors, Marty Van Diest smiles brightly in his professional photo on Valley Market’s website, dressed in a purple, plaid button-down shirt. Almost as hospitable as his photo, his...
Blog Review: Living in and Loving South Florida
. . In Virginia Robinson’s South Florida, most every day is an adventure: food truck invasions, block parties, tiki bars and a number of other “Hot Spots” are regularly within reach. Accompanied by photos of glistening waves, tanned passers-by, and the...
Blog Review: Great Las Vegas Homes
. “Even with the F28 jet and private airplane terminal thrown in, no one was showing any interest in the property,” reads a November 9 entry, referring to a hefty 22 million dollar price reduction on Wayne Newton’s lavish estate, Casa de Shenandoah....
Blog Review: Turner Team Portland Real Estate
. . “Remember mixed tapes?  My ex-girlfriend from college made me one that included Barenaked Ladies ‘If I had a Million Dollars’ which include the lyrics, ‘If I had a million dollars / well, I’d buy you a house.”. So begins the May 20...
Blog Review: Austin's Coolest Blog
. . “As a word of advice, don’t hate or disparage things that you don’t understand. No progress and few successes were ever accomplished as the result of having a closed mind.”. It’s a common phrase, but it...
Mortgage Rates 1-7-14
What will mortgage interest rates do tomorrow? The mortgage market should resist change in interest rates tomorrow, according to mortgage professionals voting on our daily poll. However, this week will provide a few market moving economic reports. Wednesday's...
Mortgage Rates 1-8-14
What will mortgage interest rates do tomorrow? The mortgage market should resist change in interest rates tomorrow, according to mortgage professionals voting on our daily poll. However, this week will provide a few market moving economic reports. Today's FOMC...
Mortgage Rates 1-9-14
What will mortgage interest rates do tomorrow? The mortgage market should resist change or lead to an increase in interest rates tomorrow, according to mortgage professionals voting on our daily poll. However, this week will provide a few market moving economic...
Mortgage Rates 1-10-14
What will mortgage interest rates do tomorrow? The mortgage market should resist change, according to mortgage professionals voting on our daily poll. However, this week will provide a few market moving economic reports. This morning, the Labor Department released...
Mortgage Rates 1-13-14
What will mortgage interest rates do tomorrow? The mortgage market should resist change to interest rates, according to mortgage professionals voting on our daily poll.. Big questions this week surround the fate of bond prices and Fed tapering after Friday's...
Mortgage Rates 1-14-14
What will mortgage interest rates do tomorrow? The mortgage market should resist change to interest rates, according to mortgage professionals voting on our daily poll.. Big questions this week surround the fate of bond prices and Fed tapering after...
Mortgage Rates 1-15-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. After several days of steadily falling rates, today shows increases in interest for 30 year fixed, jumbo 30 year and 5/1 ARM...
Mortgage Rates 1-16-14
What will mortgage interest rates do tomorrow? Rates should hold steady, according to mortgage professionals voting on our daily poll.. After several days of steadily falling rates, today shows increases in interest for 30 year fixed, jumbo 30 year and 5/1 ARM...
Mortgage Rates 1-17-14
What will mortgage interest rates do tomorrow? Rates should hold steady, according to mortgage professionals voting on our daily poll.. Mortgage bond prices are relatively unchanged today, and mortgage interest rates have dropped slightly. New stats show...
Mortgage Rates 1-20-14
What will mortgage interest rates do tomorrow? Rates should increase, according to mortgage professionals voting on our daily poll.. Mortgage rates are the lowest they've been in 6 weeks.  The beginning of this month showed an 11.9% increase in...
Mortgage Rates 1-21-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The beginning of this month showed an 11.9% increase in mortgage applications, a relative comeback after a 12-year low...
Mortgage Rates 1-22-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The beginning of this month showed an 11.9% increase in mortgage applications, a relative comeback after a 12-year low...
Mortgage Rates 1-23-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The National Association of Realtors reported that last month showed disappointing home sales - a 4.2% slump since October....
Mortgage Rates 1-23-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The National Association of Realtors reported that last month showed disappointing home sales - a 4.2% slump since October....
Mortgage Rates 1-27-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. After weeks of stasis, FHA 30 year fixed rates fell to 4.12%. . The economic calendar for this week includes market...
Mortgage Rates 1-28-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The economic calendar for this week includes market moving reports for housing, manufacturing, GDP and consumer...
Mortgage Rates 1-29-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today marks the last for Ben Bernanke's Chair term of the Federal Reserve - the FOMC will release their monetary policy...
Mortgage Rates 1-30-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The conclusion of yesterday's FOMC meeting came with news that the Fed will continue to taper their QE bond buying...
Blog Review: Maximum Exposure Real Estate
. . Bill Gassett is kind of a big deal. His Google Plus profile boasts over 27,000 followers, and his Twitter carries a cool 15,800. This rather devoted social media fan base can only be attributed to Gassett’s success as a Framingham, MA area realtor and his equally...
Mortgage Rates 1-31-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The conclusion of Wednesday's FOMC meeting came with news that the Fed will continue to taper their QE bond buying...
Mortgage Rates 2-3-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage bonds are near unchaged with the new month of February, and as of today mortgage interest rates are down across the...
Mortgage Rates 2-4-14
What will mortgage interest rates do tomorrow? Rates should increase, according to mortgage professionals voting on our daily poll.. Mortgage bonds are down this morning, and mortgage interest rates are down across the board. Notably, FHA 30 year fixed rates...
Mortgage Rates 2-5-14
What will mortgage interest rates do tomorrow? Rates should increase, according to mortgage professionals voting on our daily poll.. ADP reported that 175K jobs were added in the private sector, only slightly below the 178K expected. The Labor...
Mortgage Rates 2-6-14
What will mortgage interest rates do tomorrow? Rates should increase or stay the same, according to mortgage professionals voting on our daily poll.. ADP reported that 175K jobs were added in the private sector, only slightly below the 178K expected. The...
Mortgage Rates 2-7-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The January Jobs Report data was well below expectations this morning, rounding off at 113K new jobs added rather than the...
Mortgage Rates 2-10-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. This week will see weekly Initial Jobless Claims, Consumer Sentiment and Retail Sales reports. Treasury debt will hit the...
Blog Review: The Hartanov Team
. . “Living here is loving here” is the irresistible tagline adorning the equally alluring slideshow that first welcomes readers to the Hartanov team’s blog. There pictured are surfer silhouettes against the glistening backdrop of a sunset, a family...
Mortgage Rates 2-11-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. Treasury debt will hit the market this week, kicking off today with $30 billion 3-year notes and continuing tomorrow and Thursday...
Mortgage Rates 2-12-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. The $30 billion 3-year note auction went swimmingly yesterday, and continues today and Thursday with $24 billion 10-year notes and $16 billion...
Blog Review: Ruth Lerner Real Estate
. . I grew up in California, but always regarded the East Coast as a place much grander. It seemed richer in history, more storied in architecture. Boston in particular mystified me with its deep roots to America’s beginnings: the Massacre, the Tea Party, the Revolution.....
Mortgage Rates 2-13-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today the Labor Department released the Weekly Initial Jobless Claim report, and claims rose by 8K in the latest week to 339K (335K...
Mortgage Rates 2-14-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Foreclosure reports out today from RealtyTrac show an 8% increase from December to January. However, January 2014 saw an 18% decrease in...
Mortgage Rates 2-18-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. This morning, the New York Federal Reserve reported that the NY Manufacturing Index fell to 4.48 in February versus the 7.5 expected and down from...
Mortgage Rates 2-19-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. Housing starts are down 16% from December to January - that's 880K units annualized and 80K less than the 963K expected. Building permits fell...
Mortgage Rates 2-20-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today's Consumer Price Index report showed a 0.1% gain in January, below the projected 0.2%. The slow rate of inflation may feel too slow...
Mortgage Rates 2-21-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage bonds are back to unchanged levels, but interest rates are up nearly across the board. Most notable is the FHA 30 year fixed, which...
Mortgage Rates 2-24-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. With little economic data out today, mortgage bonds are relatively static. But this week, expect bond market movement influenced by...
Blog Review: Scott Maizlish Park City Realtor
. . Park City, Utah requires no introduction. The snowy destination has been called one of America’s most beautiful towns, is a winter sport mecca and home to Sundance, the U.S.’s largest independent film festival.. In Park City, it’s no secret that the living is comfortable,...
Mortgage Rates 2-25-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today the Treasury will be auctioning $32 billion two-year notes, but more compelling - and mixed - data comes from the housing sector. The...
Mortgage Rates 2-26-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today the Treasury will be auctioning $35 billion five-year notes. Treasury note auctions will continue tomorrow with $29 billion...
Mortgage Rates 2-27-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. This afternoon (1:00 PM ET)  marks the last Treasury auction for this week with $29 billion seven-year notes. This morning Yellen met with the...
Mortgage Rates 2-28-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The second GDP reading for Q4 2013 showed a disappointing 2.4%. The initial reading had been 3.2% and well beneath Q3's 4.1%. The drop is...
Mortgage Rates 3-3-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Despite Putin's announcement of his decision to invade Ukraine pushing more investment in bonds, little economic data will be...
Blog Review: Imagine Your House
. . Lynn Pineda is an agent’s agent, a fact that is impossible to ignore when you visit her website, ImagineYourHouse.com:. “[Choosing a real estate agent] can be downright terrifying, as it’s likely known by now, that far too many Agents will call themselves...
Mortgage Rates 3-4-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Vladimir Putin's announcement that there is no immediate need to take action in Ukraine has driven more interest in stocks and...
Mortgage Rates 3-5-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. ISM reported this morning that service sector growth dipped to a four year low last month, from 55.4% to 47.5%. Disappointing news...
Mortgage Rates 3-6-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Weekly Initial Jobless Claims fell to 323K, a difference of 26K and below the 338K expected. This data is the lowest since November. As a...
Mortgage Rates 3-7-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The February Jobs report came back positive today, sending bond investors in the opposite direction and mortgage rates up across the board...
Mortgage Rates 3-10-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The February Jobs report came back positive Friday, sending bond investors in the opposite direction and mortgage rates up across the...
Mortgage Rates 3-11-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today at 1PM ET the results from the $30 billion 3-year treasury auction will be released. Stock market action could influence bond trading...
Blog Review: Rochester Real Estate Blog
. . Upon perusing the Rochester Real Estate Blog, a very appetizing entry immediately catches my eye:. February ’14 Recipe – Beef Stew. Now, I love me some beef stew, but what does it have to do with real estate? After I read more of the blog, I realized that while beef...
Mortgage Rates 3-12-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today at 1PM ET the results from the $21 billion 10-year treasury note auction will be released. Stock market action could influence bond...
Mortgage Rates 3-13-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage bonds were trading near key technical support levels this morning. Good news from the housing, retail and labor sectors leveled...
Mortgage Rates 3-14-14
What will mortgage interest rates do Monday? Rates should go up, according to mortgage professionals voting on our daily poll.. With no new market moving reports out aside from weak Consumer Sentiment data, the bond markets were heavily influenced by geopolitical focus this...
Blog Review: Great Colorado Homes
. . “I’m always nervous to tell people that I’m a REALTOR® when I first meet them because I don’t want to be judged through the perspective of their last real estate experience.”. Andrew Fortune is not shy about sharing his feelings, and he has...
Mortgage Rates 3-17-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on our daily poll.. This week will see more compelling economic data than last, positioning geopolitical tension at a lower tier for investor concern. Crimea has...
Mortgage Rates 3-18-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. International headlines are dictating trading this morning in the absence of compelling domestic market news. Tensions calmed with the...
Blog Review: Buy Idaho Real Estate
                          . . Last week, if you had asked me what I thought about the state of Idaho, my reply would have been something like “Uh, why are we talking about Idaho?” After reading...
Mortgage Rates 3-19-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Today's FOMC announcement, scheduled for 2:00PM ET, is expected to be in line with continued tapering. The decision would bring the...
Mortgage Rates 3-20-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. Yesterday's FOMC announcement confirmed that tapering off $10 billion from the Quantitative Easing bond buying program will continue,...
Mortgage Rates 3-21-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Little economic data is out today and bond trading is relatively static. Mortgage rates are up across the board. . Wednesday's FOMC...
Mortgage Rates 3-24-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. Little economic data today, but watch out for Tuesday's FHFA Home Prices, New Home Sales, Consumer Confidence, Case Shiller Home Prices,...
Mortgage Rates 3-25-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. The Case Shiller Price Index rose 13.2% year-over-year in January, a bit lower than the 13.3% expected. Equifax reports that first...
Mortgage Rates 3-26-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage Backed Securities are trading at tight levels this morning, jumping up before retreating back to original levels. Durable...
Mortgage Rates 3-27-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Initial Jobless Claims came back better than expected, though bonds barely budged from the data. At 311K - notably below the projected...
Blog Review: SD Sea Coast Properties
. . I was enjoying a casual scroll through the SDSeaCoast.com real estate blog, when I came upon something alarming - the December 27, 2013 entry, Meet Tigger: Pet Of The Week. . Like most other Homo sapiens, I am highly sympathetic to the fluffy, furry, and four-footed...
Mortgage Rates 3-28-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Rallying stocks and a freshly reported sink in Consumer Sentiment for March mark the biggest activity this morning, as bond gains dropped...
Mortgage Rates 3-31-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. Mortgage bonds are sideways - unsurprising since the trend has held for well over a month now. Chicago PMI was released this morning and below the 60...
Mortgage Rates 4-1-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.. Mortgage bonds remain sideways after a volatile morning; mortgage rates are up. CoreLogic reported that home prices in February rose 12.2%...
Mortgage Rates 4-2-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage bonds are sitting lower today after the ADP report showed private employer hires at 191K, below the 215 expected. The big report...
Mortgage Rates 4-3-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Weekly Initial Jobless Claims jumped 16K, only slightly above the 320K expected. Mortgage bonds didn't jump at this data, but look...
Mortgage Rates 4-4-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Just below the 195K expected, March saw 192K new jobs and 37K jobs were added to the January and February reports. Hourly wages left much to be...
Mortgage Rates 4-7-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage bonds remain relatively static while stocks sit low.. Little market moving news out today but look out for Producer Price Index,...
Mortgage Rates 4-8-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on our daily poll.. Treasury auctions are capping any further bond advancements, and no market-moving economic reports are due for release. The Treasury is $30...
Mortgage Rates 4-9-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Mortgage bonds were down this morning after some selling and the 10-year note Treasury Auction did not cause a greater stir. Topping off...
Mortgage Rates 4-10-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Weekly Initial Jobless Claims are down in the latest week by 32K and sitting at 300K, representing a seven year low and dropping the four...
Mortgage Rates 4-11-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.. Only slightly knocked by higher than expected wholesale inflation data, mortgage bonds continue trading in positive territory...
Mortgage Rates 4-14-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on our daily poll.. Retail Sales came back up 1.1% in March, above the expected and setting a high since September 2012. Mortgage bonds were in positive territory...
Mortgage Rates 4-15-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds ride in positive territory midday as weak Empire State (NY Fed) manufacturing numbers are announced. The 5.61...
Mortgage Rates 4-16-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's daily poll.. Weaker than expected Existing Home Sale numbers pushed mortgage bonds into positive territory this morning, but no...
Mortgage Rates 4-17-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds were higher in the morning but have continued to drift lower through midday ET. . Weekly Initial...
Mortgage Rates 4-18-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. The markets are closed today for observance of Good Friday.. Recap: Weekly Initial Jobless Claims rose by 2K to 304K in...
Mortgage Rates 4-21-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. The holiday weekend and this week's tame economic calendar is leaving investors to watch international...
Mortgage Rates 4-22-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds are back to unchanged levels after a low morning. Existing home sale data out today showed a drop from...
Mortgage Rates 4-23-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage Bonds have held up relatively well and traded in positive territory even in the face of rallying stocks....
Mortgage Rates 4-24-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage Bonds had an uneven morning after a grab bag of economic data was released, and sit in positive territory...
Mortgage Rates 4-25-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage Bonds are sideways with today's uneventful calendar. Headlines will be calling the shots. Check your...
Mortgage Rates 4-28-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Higher than expected Pending Home Sales data pushed mortgages bonds into weaker territory this morning. Keep an eye...
Mortgage Rates 4-29-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. This morning, bonds were bolstered by slowing year-over-year gains from the February Case-Shiller 20-city...
Mortgage Rates 4-30-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Bonds remained strong this morning despite disappointing news from 2014's first GDP reading, a measly 0.1% and...
Mortgage Rates 5-1-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds didn't move much this morning thanks to another economic bag of tricks:. Weekly Initial Jobless...
Mortgage Rates 5-2-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Employment came back with positive numbers this morning - 288K jobs were added in April, well below the projected 218K....
Mortgage Rates 5-5-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. An uneventful economic calendar once again leaves investors to watch the headlines. Mortgage bonds are in positive...
Mortgage Rates 5-6-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. An uneventful economic calendar once again leaves investors to watch the headlines. Mortgage bonds are back to...
Mortgage Rates 5-7-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. A disappointing first reading of Q1 Productivity (down 1.7%) and increased labor costs are contributing to...
Mortgage Rates 5-8-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage rates are down thanks to some major gains in mortgage bonds after European Central Bank announcements...
Mortgage Rates 5-9-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds are in weaker territory today, and with little market moving data to influence trading, investors are...
Mortgage Rates 5-12-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds drifted lower this morning as stocks pushed into strong territory. A week full of market moving...
Mortgage Rates 5-13-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's daily poll.. A truly unimpressive 0.1% rise in retail sales (compare to the expected 0.3%) has mortgage bond prices pushing into...
Mortgage Rates 5-14-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's daily poll.. Little market moving data out today, except in Producer Pricing, which saw big gains in April. The increase of 0.6% was the...
Mortgage Rates 5-15-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on Lender411's daily poll.. Economic data out today is strong, but so are mortgage bonds, leaving some scratching their heads.. The Labor Department...
Mortgage Rates 5-16-14
What will mortgage interest rates do Monday? Rates should go up, according to mortgage professionals voting on Lender411's daily poll.. Housing Starts data out today shows a 13.2% rise in April; Building Permits are up 8%. These numbers are not enough to move...
Mortgage Rates 5-19-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds are up amidst weak stocks. This week's economic calendar is not as strong as last, with Initial...
Mortgage Rates 5-20-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. After a weak morning, mortgage bonds are in positive territory and ahead of treasuries into the afternoon ET. Keep an...
Mortgage Rates 5-21-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds are lower today, but keep an eye on the market as the FOMC meeting minutes from April 30 are announced -...
Mortgage Rates 5-22-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Weekly Initial Jobless claims came back ugly with 28K over the 305K expected. Mortgage bonds experienced gains into...
Mortgage Rates 5-27-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. The holiday weekend and mixed economic data are contributing to unchanged mortgage bonds levels. Durable Goods...
Mortgage Rates 5-28-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds started the morning at higher levels thanks partly to the Fed raking up MBS supply as well as the ECB...
Mortgage Rates 5-29-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds carried through the Gross Domestic Product reading at unchanged levels this morning. . The...
Mortgage Rates 5-30-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Mortgage bonds are in positive territory midday after a volatile morning. The Chicago Purchasing Manager's...
Mortgage Rates 6-2-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.. Welcome to June, and keep an eye out for the May Jobs Report as this week's big market mover, due out this Friday....
Mortgage Rates 6-3-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds started the morning in negative territory and have been slowly...
Mortgage Rates 6-4-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds continued their weak week long trend today, despite weaker than...
Mortgage Rates 6-5-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. This morning's anticipated European Central Bank (ECB) announcement came back...
Mortgage Rates 6-6-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are nearly unchaged even after the May Jobs Report was released...
Mortgage Rates 6-9-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are sideways and with little market moving reports out until...
Mortgage Rates 6-10-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are still sideways and with little geopolitical intrigue or...
Mortgage Rates 6-11-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are stronger this morning than they have been all week, due in...
Mortgage Rates 6-12-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are stronger today after Retail Sales came back weaker than...
Mortgage Rates 6-13-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are in slightly weaker territory today and no market moving...
Mortgage Rates 6-16-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Another reading for Q1 GDP came back much lower than the initial (2.0% as opposed to 2.8%)...
Mortgage Rates 6-17-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are at weaker levels today after inflation data came back high....
Mortgage Rates 6-18-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are treading on weak territory today ahead of the 2:00 PM ET Fed...
Mortgage Rates 6-19-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds rode the post-FOMC statement wave this morning, staying strong...
Mortgage Rates 6-20-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds are sideways, bolstered by an absence of market moving economic...
Mortgage Rates 6-23-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Friday's mortgage bond gains are holding steady through today. Mortgage...
Mortgage Rates 6-24-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds greeted the morning in more positive territory after the release of a...
Mortgage Rates 6-25-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. The final Q1 GDP reading showed a weak -2.9 percent this morning, significantly...
Mortgage Rates 6-26-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds rallied around mixed data this morning, and rates are down. ....
Mortgage Rates 6-27-14
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds began the morning strong began fading midday. . Earlier this...
Mortgage Rates 6-30-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage bonds were in positive territory today but counter intuitively lost...
Mortgage Rates 7-1-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Home prices, including distressed sales, rose 8.8% year-over-year in May, according...
Mortgage Rates 7-2-14
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Mortgage Bonds started the day in more positive territory before yielding to ADP's...
Mortgage Rates 7-7-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Better than expected economic data along with a strong jobs report resulted in...
Mortgage Rates 7-8-14
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. Today CoreLogic reported 47K completed foreclosures nationally in May, down...
Mortgage Rates 7-9-14
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.. The economic calendar is light with this week save for Thursday's Weekly Initial...
Mortgage Rates 7-10-14
Mortgage bonds are strong this morning thanks to European influence, and mortgage rates were lowered yesterday following the release of FOMC meeting minutes from June. . The Federal Reserve's meeting minutes reinforced plans to continue taperering off the...
Mortgage Rates 7-11-14
Mortgage bonds are strong this morning, continuing with this week's trend, and rates are down.. Earlier this week: The Federal Reserve's meeting minutes reinforced plans to continue tapering off the multibillion dollar bond buying program (Quantitative Easing)...
Mortgage Rates 7-14-14
Citigroup earnings came back stronger than expected and are pushing mortgage bonds down. Watch for mortgage rate increases. . For market movers this week, look out for Fed Chair Yellen's congressional testimony tomorrow, as well as Empire State manufacturing and...
Mortgage Rates 7-15-14
Mortgage bonds are volatile this morning after mixed economic news: Empire State Manufacturing is at a four-year high and employment surged in June. Fed Chairwoman Janet Yellen's congressional testimony revealed the Fed will continue to support the U.S. economy, whose...
Mortgage Rates 7-16-14
Mortgage bonds are sideways despite positive economic data out of the housing sector and Labor Department. . The NAHB announced today that home builder confidence surged to its highest levels in six months, indicating sales conditions are considered good....
Mortgage Rates 7-17-14
Mortgage bonds are strong today following an overnight rally caused by geopolitical tension in Russia and Ukraine, and were bolstered by weak housing data. A comparatively strong Philly Fed report was not enough to push bonds down. Look out for lower mortgage rates.  ....
Mortgage Rates 7-18-14
A relatively uneventful day following tense headlines for Russia and Ukraine and mortgage bond strength is now giving way to a weakening mortgage bond market. Too soon to tell, but keep an eye on rising rates. Mortgage rates are down from yesterday's strong bond market...
Mortgage Rates 7-21-14
An absence of market moving data is leaving mortgage bonds unchanged. Rates are largely unchanged from end of last week. . This week will be light where marketing moving reports are concerned, but look out for tomorrow's Consumer Price Index (CPI) and Friday's...
Mortgage Rates 7-22-14
Mortgage bonds are in weaker territory after a lower than expected Consumer Price Index (CPI) was announced by the Labor Department this morning, followed by stronger Existing Home Sales countering former bond strength. Keep an eye out for rising rates.. The June...
Mortgage Rates 7-23-14
An absence of market moving data left mortgage bonds unchanged midday after a stronger morning thanks to influence from overseas markets. Keep an eye out for lower or static mortgage rates. In housing sector news, the Mortgage Bankers Association realeased its Market...
Mortgage Rates 7-24-14
Mortgage bonds are treading in weak territory today even after the New Home Sales report for June came back with a disappointing 8.1 percent drop from May. This equates to an annual rate of 406 thousand, below the expected 475 thousand. Look out for rising mortgage rates.....
Mortgage Rates 7-25-14
Mortgage bonds began the day slightly weaker but experienced gains after Durable Goods data came back 0.2 percent stronger than the projected 0.5 percent. One factor of the Durable Goods report is giving next week's GDP reading an overall negative expectation, hence the...
Mortgage Rate Update 7 28 14
Mortgage bonds have been weaker today, only temporarily showing some positive movement in the morning. Pending Home Sales came back weaker than expected. Keep an eye out for static or rising rates. For the rest of this packed week, look out for the latest Fed rate decision and GDP...
Mortgage Rate Update 7 29 14
Mortgage bonds were stronger overnight thanks to market influence from overseas, but dropped down to unchanged levels after the latest Consumer Confidence numbers came back stronger than expected. Keep an eye out for static or rising rates. . For the rest of this packed...
Mortgage Rate Update 7 30 14
Mortgage bonds are lower this morning, thanks to the expected strong Q2 GDP reading (though the first of three, and subject to revision), led by increased commercial investment and consumer spending, and stronger than expected ADP payroll data. Rates could be moved more by...
Mortgage Rate Update 7 31 14
Mortgage bonds sank after the strong Q2 GDP reading was released yesterday (pushing rates up), but have since bounced back. The Fed statement did little to combat the effect of the GDP reading. Weaker than expected Chicago PMI data and some common month's-end market...
Mortgage Rate Update 8 1 14
Mortgage bonds are in strong territory - look out for falling rates. The jobs report brought about pleasant news: about 209 thousand jobs were added in July. Jobless rates rose slightly, however, jumping to 6.2 percent from the 6.1 recorded for June. . Yesterday: Mortgage...
Mortgage Rate Update 8 4 14
Little market moving data and headlines out today, but mortgage bonds are in stronger territory than they were on Friday - look out for falling rates. For housing market news, tune in Wednesday for the Mortgage Market Index. . Friday: The jobs report announced 209...
Mortgage Rate Update 8 5 14
ISM's stronger than expected Non-Manufacturing Index (strongest since 2005) is helping push mortgage bonds into weaker territory. Look out for rising mortgage rates. . Yesterday: Little market-moving data and headlines out, but mortgage bonds were in stronger...
Mortgage Rate Update 8 6 14
Bonds started the morning strong thanks to overseas markets but are now easing back. Watch for falling mortgage rates. In housing news, the MBA's Mortgage Market Index (total loan applications) is up 1.6 percent in the latest week, but is down year-over-year. ....
Mortgage Rate Update 8 7 14
A large drop in unemployment claims did little to move mortgage bonds since the Fed has been buying this morning. Fannie and Freddie reported higher earnings, which did little to move bonds as well, along with lower Initial Jobless Claims (289 thousand, below the 309 thousand...
Mortgage Rate Update 8 8 14
Bond markets gained strong ground with the announcement of the U.S. air strike in Iraq last night, but notably lacking were MBSs. As of the middle of today's trading, mortgage bonds were in slightly positive territory. Watch the headlines to see if any upticks or easing in...
Mortgage Rate Update 8 11 14
Overseas conflict has been feeding mortgage bond strength, and there will likely be little help from economic data over the course of this light week. Today is no exception - no reports are due. Watch for static or falling mortgage interest rates. For potential market movers,...
Mortgage Rate Update 8 12 14
Mortgage bonds are holding yesterday's levels on this quiet day. Watch for static interest rates. For potential market movers, keep an eye out for tomorrow's Retail Sales, Thursday's Import Prices, Friday's release of Empire State Manufacturing data,...
Mortgage Rate Update 8 13 14
The prediction was a jump of 0.2 percent from June, but this morning revealed flat July Retail Sales data - complete with weaker auto and auto parts sales - as well as weak numbers from European markets. All are boosting the mortgage bond today. Look out for dropping mortgage...
Mortgage Rate Update 8 14 14
Weak Import Prices and Weekly Jobless Claims data are bolstering mortgage bond strength today, fed from the get-go by less-than-robust European Gross Domestic Product numbers. Watch for dropping mortgage interest rates. . For potential market movers, keep an eye out...
Mortgage Rate Update 8 15 14
Empire State Manufacturing came back weak at 14.69, below the 20 expected and well below the previous recording of 25.6. However, economic data is being dwarfed by the consistent and disconcerting headlines concerning Russian and Ukrainian conflict today, fueling mortgage...
Mortgage Rate Update 8 18 14
A stronger than expected NAHB housing report is contributing to mortgage bond weakness this morning, and is the only significant economic news for today. Builder confidence rose two points in August to 55, the highest levels since January. Watch for static or rising mortgage...
Mortgage Rate Update 8 19 14
Consumer Price Index data came back flush with expectations, but Housing Starts were stronger than expected, up almost 16 percent in July. Mortgage bonds had started the day relatively strong but have been sinking ever since. Look out for rising mortgage interest rates...
Mortgage Rate Update 8 20 14
Little activity in the bond markets today ahead of the release of additional insight into the recent FOMC meeting. Unless word from the Fed moves markets in either direction or headlines out of Ukraine prove stirring, watch for static mortgage interest rates. . For...
Mortgage Rate Update 8 21 14
Stronger than expected economic data is bolstering mortgage bond weakness today. Existing Home Sales hit a high in July, topping June by 2.4 percent. Good news, despite being under year-over-year by 4.3 percent. The Philadelphia Fed business outlook was similarly optimistic;...
Mortgage Rate Update 8 22 14
There's little to no economic news due today that could move the bond market, and Yellen's speech at Jackson Hole didn't inspire much of a change either. Keep eyes on Ukraine headlines and trading for mortgage interest rate levels. . Yesterday: Stronger...
Mortgage Rate Update 8 25 14
Bonds are in slightly positive territory today, and only helping is New Home Sale data, which dipped 2.4 percent in July - watch for dropping mortgage interest rates. For market movers this week, keep an eye out for Tuesday's Durable Goods, Case Shiller, and Consumer...
Mortgage Rate Update 8 26 14
Strong Durable Goods data didn't move mortgage bonds out of yesterday's trend, but stronger than expected (and more viable) Consumer Confidence numbers pushed the bond down to unchanged levels. CC is at a 7-year high, bumped to 92.4 from the 90.3 recorded in July. Watch...
Mortgage Rate Update 8 27 14
No reports are due today, so bonds are taking cues from foreign markets and domestic trading. Mortgage bonds were in positive territory midday. Watch for falling rates. In housing news, the Mortgage Bankers Association reports that total loan application volume was up 2.8...
Mortgage Rate Update 8 28 14
The European Central Bank's announcement of plans to begin their own quantitative easing by spring 2015 has the American bond market caught up in a feeding frenzy. More to the point, mortgage bonds are in positive territory and we can look for mortgage interest rates to...
Mortgage Rate Update 8 29 14
Mortgage interest rates have barely budged from yesterday's levels, and aside from Chicago PMI, which exceeded expectations and jumped by 11.7 points in August, effectively recovering from the lows recorded in July, few other significant reports are due. Strong data...
Mortgage Rate Update 9 2 14
Mortgage bonds are weaker today, though they weren't pressured much lower by strong ISM data. United States manufacturing was recorded at a three-year high last month, jumping above expectations of 56.9 to 59. Look out for static or rising mortgage interest rates. ....
Mortgage Rate Update 9 3 14
Ukraine announced a ceasefire last night that drove bond markets down hard, and quickly. Mortgage bonds are in negative territory as of the middle of today. Other than geopolitical headlines, no other news is moving the markets much. Watch for rising mortgage interest rates.....
Mortgage Rate Update 9 4 14
Mortgage bonds are in weaker territory after a morning rally and flurry of data (including weaker private sector hiring, according to ADP), geopolitical headlines, and what turned out to be a rather underwhelming press conference with European Central Bank President...
Mortgage Rate Update 9 5 14
The August employment numbers are in and the gains were not gains enough to get the bond market down: 142 thousand jobs were added last month, significantly below the 200-thousand pace per month of the last six. June and July were revised lower to boot. Unemployment fell from 6.2...
Mortgage Rate Update 9 8 14
This week is going to be quieter than last where economic reports are concerned. Keep an eye out for Jobless Claims on Thursday and Retail Sales and Import Prices on Friday. For housing news, tune in Wednesday for the Mortgage Market Index. Mortgage bonds are in weaker...
Mortgage Rate Update 9 9 14
Mortgage bonds are holding their weaker levels today, and there are no market moving reports due. Watch for static or rising mortgage rates. This week is going to be quieter than last where economic reports are concerned. Keep an eye out for Jobless Claims on Thursday and Retail...
Mortgage Rate Update 9 10 14
Mortgage bonds continue to hold the weakness trend today, and mortgage rates are at their highest levels of late. The bond isn't experiencing a great deal of volatility in general, likely in anticipation of next week's FOMC announcement where the Fed is speculated...
Mortgage Rate Update 9 11 14
Trading dynamics pushed mortgage bonds into stronger territory, which continued through the morning and into the middle of the day. Bonds did not respond to the weaker than expected jobless claims data released earlier: 11 thousand jobless claims were recorded in the...
Mortgage Rate Update 9 12 14
Import prices are in and the verdict is an overall drop thanks to declining prices in petroleum products. The data is the lowest since November, but in line with expectations. Retail sales were a different story, reaching higher levels in August, and consumer sentitment...
Mortgage Rate Update 9 15 14
Mortgage bonds experienced some gains today, and were unshaken by stronger than expected Empire State Manufacturing data. The NY Fed reported that manufacturing reached its highest levels in five years. September's index was 27.54, while August's was only 14.69....
Mortgage Rate Update 9 16 14
Mortgage bonds are holding on to higher levels after some morning weakness. No reports are due but the Fed begins its FOMC meeting today, the monetary policy statement for which will come tomorrow at 2:00 PM ET, and speculatively with news about rate hikes. As of now, watch for...
Mortgage Rate Update 9 17 14
The bond markets are waiting with baited breath for the FOMC monetary policy statement to be revealed, especially any verbiage about interest rates. CPI came back weak today, but the NAHB housing index rose. Mixed bag ahead of the FOMC announcement, but nothing else will come...
Mortgage Rate Update 9 19 14
No market-moving data out today, and yesterday turned out to be uneventful. That was odd, considering Wednesday brought an FOMC meeting announcement, and plenty of data could have inspired some market movement. Rates rose slightly by the end of the day. For now, we can only...
Mortgage Rate Update 9 22 14
Existing home sale data came back weaker than expected, but the effect on bonds was negligible. 5.15 million home sales were recorded in August, which fell to 5.05 in September. Mortgage bonds are still holding their same positive trend from the last couple of days. Watch for...
Mortgage Rate Update 9 23 14
Bonds started the morning strong but lost their pulse into the middle of the day, and are now sideways. Watch for static or dropping mortgage interest rates. Economic data didn't have much of an effect either way, but the Federal Housing Finance Agency (FHFA) announced...
Mortgage Rate Update 9 24 14
New home sales went through the roof in August to 504 thousand, marking a six-year high and surpassing the 430 thousand expected. Sales soared a third above the rate year-over-year. July was also revised to be higher. Lately the bond markets haven't reacted much to economic...
Mortgage Rate Update 9 25 14
August durable goods came in at an 18.2 percent drop from July levels, not too far off expectations. Jobless claims, on other hand, rose less than expected, pointing to good news in the job sector. True to recent trend, mortgage bonds did not react much to the data, but instead took...
Mortgage Rate Update 9 26 14
Today the final second quarter 2014 GDP reading is in, and revised up to 4.6%. The bond markets did experience some drops, but not because of the GDP. News that Bill Gross, CEO of the world's larget bond fund PIMCO, just left the building (left or thrown out? - speculation...
Mortgage Rate Update 9 29 14
Mortgage bonds are higher today thanks to overseas data and month-end trading dynamics. This is despite stronger than expected personal spending and personal income data out of our own economy, with 0.5 and 0.3 percent jumps, respectively. Watch for falling mortgage interest...
Mortgage Rate Update 9 30 14
Nothing major has happened for mortgage bonds today, which opened on the weak side and jumped closer to unchanged levels later in the morning. Where mortgage rates will go at this point is unclear. Economic data released today included a slowed home price growth from Case...
Mortgage Rate Update 10 1 14
Bonds have been up and down today, no thanks to economic data including strong September employment numbers out of ADP and declining construction spending. Keep watching to see which way rates will head, as there's no telling now. . For other potential market movers...
Mortgage Rate Update 10 2 14
Mortgage bonds started strong today, likely because of rumors surrounding China's military activity. Eventually they sank to weaker levels. Watch for rising mortgage interest rates. In economic news, jobless claims dropped in the latest weak, optimistically...
Mortgage Rate Update 10 3 14
Strong employment data out today: 248,000 jobs were added in September, outperforming the 215,000 expected, and the unemployment rate fell to a six-year low of 5.9 percent. Mortgage bonds would normally plummet at the news and mortgage interest rates would jump, but as of...
Mortgage Rate Update 10 7 14
Trading activity and markets overseas are contributing to stronger bond markets today, including MBS. Watch for dropping mortgage interest rates. For other potential market moving data, tune in Wednesday when the Fed releases FOMC meeting minutes, Thursday for jobless...
Mortgage Rate Update 10 8 14
FOMC meeting minutes are in and good news in low oil prices and a stronger dollar are pushing stocks up and bonds down. Watch for rising mortgage interest rates. For other potential market moving data, tune in tomorrow for jobless claims and Friday for import and export prices...
Mortgage Rate Update 10 9 14
Yesterday's excitement is now backing off - bonds are slightly weaker, although seemingly unaffected by jobless claims, which dropped to their lowest, almost pre-recession levels. The 1,000 claim drop was far off from the expected, since economists predicted a rise...
Mortgage Rate Update 10 10 14
Mixed inflation indicator data came in this morning: import prices were stronger than expected, dropping 0.5 percent as opposed to the predicted 0.7; export prices dropped by 0.2 percent, higher than the predicted 0.01 percent. Mortgage bonds weren't moved by the news, and...
Mortgage Rate Update 10 14 14
Strong mortgage bond market gains over the weekend - the strongest in a while, in fact - resulted in significant drops for mortgage interest rates. Now bonds are edging back a bit so it's a great time to lock in case rates find themselves creeping back up. For other potential...
Mortgage Rate Update 10 15 14
As of yesterday, mortgage interest rates have hit major lows. They could be driven even lower, considering the massively disappointing economic data riding today's headlines: Empire State manufacturing, retail sales, and producer pricing all came back in the pits. NY...
Mortgage Rate Update 10 16 14
Mortgage rates have been on a roller coaster the past 24 hours, and while up slightly now, are still holding at impressively low numbers for even beyond the past year. If economic data plays any part in where rates will head next, it's looking like they could experience more...
Mortgage Rate Update 10 27 14
Pending home sales data came back positive today - although below the expected mark - but mortgage bonds are stronger thanks to weakness in European markets. Watch for dropping mortgage interest rates. . A busy week for month-end trading and several economic reports...
Mortgage Rate Update 10 28 14
Mortgage bonds are weaker now, increasing the possibility for rising rates. Durable goods came back so bad that bonds did experience a jump, however consumer confidence data came back its highest in seven years, pushing bonds back down. Watch for rising mortgage interest...
Mortgage Rate Update 10 29 14
The all important FOMC Quantitative Easing decision is in, and QE is done as expected. The Fed's statement was released this afternoon and the news created drops in the stock market and bonds. Watch for static or rising mortgage interest rates. . A busy week for...
Mortgage Rate Update 10 30 14
Mortgage bonds are in stronger territory today - a curious reality, since today's GDP reading came in at 3.5, surpassing the 3.0 predicted. This week's jobless claims did came back higher than last and higher than the expected 281,000 at 287,000, but are still hanging...
Mortgage Rate Update 10 31 14
News from Japan has sent bonds tanking on this All Hallows' Eve: the Bank of Japan is accelerating their buying program from 50 trillion to 80 trillion yen per year. Though its influence was probably dwarfed by the Japan headlines, personal consumption was down in...
Mortgage Rate Update 11 3 14
Mortgage bonds are in weaker territory today, likely thanks to their greatest influence as of late, Japan, being on holiday (see Friday's recap below). Watch for rising mortgage interest rates. . Another busy week bursting with potential market movers is upon us:...
Mortgage Rate Update 11 5 14
ADP employment data came back inline with expectations: 230,000 private jobs were added, above the projected 220,000. The data did not move bonds much, but perhaps bolstered this morning's weakness ahead of the European Central Bank announcement tomorrow. Watch for...
Mortgage Rate Update 11 6 14
This morning's much anticipated European Central Bank announcement and ensuing press conference with President Mario Draghi gave way to some volatility for mortgage bonds, but MBS were up and down enough to just about break even, and now bonds are at unchanged levels....
Mortgage Rate Update 11 7 14
October's jobs report data came back showing higher payrolls and a shrinking unemployment rate, and set off some bond market volatility. Bonds are now at stronger levels. Watch for static or falling mortgage rates. Thursday: The morning's much anticipated European...
Mortgage Rate Update 11 10 14
Mortgage bonds are in weaker territory today than they were on Friday, but haven't tanked so far. Watch for static or rising mortgage interest rates. This week will be quiet for economic reports, and Tuesday U.S. markets are closed in observance of Veteran's Day. For...
Mortgage Rate Update 11 12 14
Mortgage bonds are in more negative territory today after creeping up overnight thanks to European influence. Watch for static or rising mortgage rates. Of little influence was the MBA's mortgage market index (measuring loan application volume), which dropped by 0.9...
Mortgage Rate Update 11 13 14
Mortgage bonds grew stronger overnight thanks to European market influence. Watch for dropping mortgage interest rates. Inconsequential was jobless claims data, which came back higher than the last report but still hovers near 14-year lows. For potential market movers,...
Mortgage Rate Update 11 14 14
Retail sales came back high for October, jumping 0.3 percent and 0.1 percent above economist predictions. Import prices including oil, on the other hand, came back at their weakest monthly levels in two years. The import price data points to overseas markets keeping U.S....
Mortgage Rate Update 11 17 14
Mortgage bonds are in more positive territory after an overnight trading session and influence from Japanese markets (and a poor GDP reading). Watch for dropping mortgage interest rates. A week healthy with economic data may lend itself to moving rates. Check back tomorrow...
Mortgage Rate Update 11 18 14
The National Association of Home Builders (NAHB) housing market index came back stronger than expected today, jumping from October's 54.0 to 58.0, a few ticks above the prediction of 55.0. Since the reading is still above 50.0, the outlook for home sales is optimistic....
Mortgage Rate Update 11 19 14
Mortgage bonds are maintaining weak levels after German economic data came back far healthier than expected, throwing the stock market into a buying trend. Watch for rising mortgage interest rates. In housing news, building permits shot up in October, especially for...
Mortgage Rate Update 11 20 14
Weak European data sent bonds soaring into positive territory last night. Domestic numbers were good: U.S. jobless claims are down again and holding on to the lowest levels we've seen since 2000; core CPI, a measure of inflation, jumped 0.2 percent since the last reading;...
Mortgage Rate Update 11-21-14
Despite news from overseas, including a jack-in-the-box rate cut from China, U.S. bond markets are staying relatively flat, although at strong levels. Watch for static or falling mortgage interest rates. . Thursday: Weak European data sent bonds soaring into positive...
Mortgage Rate Update 11-24-14
Mortgage bonds started the day weak thanks to overnight activity, but thanks to some weak domestic data and contributions from overeas markets and data, have now bounced back. Watch for falling mortgage interest rates. Thanksgiving Thursday means markets are closed, and...
Mortgage Rates May Drop Despite Strong GDP
Case Shiller data out today shows home prices jumping up more than expected, but the rate at which prices are rising continues to slow. Cosumer confidence numbers were weaker than expected. Last but not least, the third quarter GDP reading was strong today: 3.9 percent, up from...
Today's Weak Data Makes for Lower Mortgage Rates
Mortgage bonds experienced gains this morning, in part because jobless claims rose in the latest week to 313,000, well above the expected drop to 288,000. Durable goods ordering showed some improvement, but largely due to increased military spending. Ignoring military...
Mortgage Rates May Drop Despite Bonds Backing Off
Welcome back after the holiday weekend, and with a stronger opening for mortgage bonds this morning. Since their strong opening, MBS have fallen back a bit (partly thanks to slower ISM output numbers: from 59.0 in October to 58.7 in November), but still be on the lookout for...
Mortgage Rates on the Rise?
Mortgage bonds are in weaker territory thanks to corporate debt issuance. Probably not helping matters is New York ISM manufacturing data, which came back stronger than the 55.0 expected at 62.5, as well as strong construction spending. Watch for rising mortgage interest...
Weak Economic Data May Give Rise to Lower Mortgage Rates
Some weak data out of ADP is helping to lift weaker mortgage bonds today, but not quite enough to go positive. Private payrolls increased in November to 208,000, but below expectations, some around 223,000. ISM data brought good news for the service sector but a dip in...
Mortgage Rates Volatile After ECB Press Conference
Jobless claims for the latest week dropped by 17,000 to 297,000, but above what economists expected. Largely unaffected by the data were MBS, which were up and down thanks to the European Central Bank's press conference. After the excitement over the ECB announcements,...
Higher Mortgage Rates May Follow Strong Employment Data
Strong non-farm payrolls data (NFP) threw MBS into weak levels this morning. The predicted 230,000 was majorly trumped by the actual 321,000, showing rapid hiring in November. Jobless rate remains 5.8 percent, inline with expectations. Watch for rising mortgage interest...
Lower Mortgage Rates Likely Headed Our Way
MBS are in more positive territory this morning, no thanks to falling oil prices, but certainly thanks to European trading cues. Watch for falling mortgage interest rates. This week's economic calendar is lighter overall, with the main focus being Thursday's...
Yesterday Repeats Itself: Mortgage Rates Headed South
German bonds are tanking again today, propelling US bond buying upward. No other significant economic data is moving markets as heavily as the Euro activity. Like yesterday and always, when bonds go up, rates will come down. Watch for falling mortgage interest rates. ....
Strong Holiday Retail Sales May Fuel Higher Mortgage Rates
MBS are in weaker territory today than they were yesterday, partly thanks to strong retail sales data this morning. Holiday shopping in November likely helped retail sales numbers jump 0.7 percent from October. It might sound slight, but that's the biggest leap in eight...
Big Headlines Make Mortgage Rates Indecisive
With oil prices plunging and European markets giving plenty of movement cues to US traders, MBS have been undergoing a rally today, and it's unclear where mortgage interest rates will head. Bet on net static or rising rates. . Thursday: MBS were in weaker territory...
Mortgage Rates May Fall Following Russia's Ruble
Empire State manufacturing numbers came in and sit at their lowest levels in two years: November's reading had been 10.16, and today's announcement revealed -3.58 for December. The last time the index read negative - an indicator of decline - was January 2013. Better...
Europe Headlines Still Moving Mortgage Rates
The pace of housing starts slowed in November, but per the now-usual trend, MBS trading is ignoring domestic data and eyes are on the headlines of Europe, including Russia's weak Ruble along with a mishmosh of other eurodrama concerning the ECB's QE initiatives....
FOMC Announcement May Decide Where Mortgage Rates Head
Mortgage bonds are relatively volatile this morning, and perhaps not much affected by today's low CPI (consumer price index) reading, which dropped 0.3 percent from October when it was predicted to only fall by 0.1 percent. The FOMC announcement may likely have a stronger...
Mortgage Rates Rise After FOMC Anouncement
Mortgage bonds are weaker today following the FOMC announcement yesterday. Rates rose post-announcement. Look out for rising mortgage interest rates into today. In employment news, jobless claims dropped by 6,000 in the latest week to 289,000, pointing to a firming job...
Overseas Influence May Pull Mortgage Rates Down
MBS are in more positive territory thanks to Euro markets influencing domestic trading. There's little else to go off of, considering today's lack of economic data. Watch for falling mortgage interest rates. . Thursday: Mortgage bonds are weaker today...
Quiet Week for Markets Leaves Little Inspiration for Mortgage Rates
Existing home sales hit a six-month low according to this morning's data from the National Association of Realtors. Sales are down by 6.1 percent, the most significant dip since May. Despite this less than exciting news, mortgage backed securities (MBS) are not gaining...
Little Economic Activity Today, Possible Drop for Mortgage Rates
MBS are slightly stronger than Friday's levels after a rally fueled by European headlines halted today. No significant domestic reports have been made. Watch for static or falling mortgage interest rates. . This week is again shorter thanks to the New Year, with...
Mortgage Rates on the Way Down Pre-NYE
Mortgage bonds are sitting pretty today, at some of the strongest levels of the year. This is perhaps no thanks to today's unnoticed economic data, including a relatively unsurprising 4.6 percent increase in home prices in the year ending in October, according to this...
Mortgage Rates May Be on the Way Down Post New Year
Mortgage bonds are slowly edging their way back up after some holiday volatility. Watch for dropping mortgage interest rates. For potential mortgage market movers, check back tomorrow for more ISM data, Wednesday for international trade, ADP employment and FOMC meeting...
Mortgage Rates Continue to Fall
ISM non-manufacturing data for December is in, and lower than the expected 58.5 at 56.2. The 56.2 is the lowest reading since June, but it was mostly ignored by MBS trading. MBS are in strong territory today, espcially following some volatility brought on by European market...
Mortgage Rates May Move From FOMC Minutes
A suite of domestic economic data was released today, including slightly lower internation trade and strong ADP numbers for the end of 2014 including 241,000 new jobs. Mortgage bond trading was less concerned with domestic news, however, and took its greatest cues from...
Mortgage Rates Likely Still on the Rise
MBS are in weaker territory today, likely no thanks to a dip in weekly jobless claims, since recent mortgage bond trading has been less influenced by domestic data and more so by overseas markets. Watch for rising mortgage interest rates. . For potential mortgage market...
From Hostages to QE, Europe May Push Mortgage Rates Down
December saw solid job growth in 2014 according to the latest payroll data. Non-farm payrolls showed a 252,000 increase, and unemployment sank to its lowest in over six years, sitting at 5.6 percent. News on average hourly wages was not as strong; a five cent per hour drop was...
Mortgage Rates Start the Week on a Lower Note
MBS are in stronger territory moving into today. Watch for dropping mortgage interest rates. The latter half of this week will be most significant for economic reports. For more potential mortgage rate movers, check back Wednesday for import prices, export prices and retail...
Mortgage Rates Likely on the Rise Thanks to Weaker MBS
Today's trading dynamics are leaving MBS in slightly weaker territory. Watch for rising mortgage interest rates. The latter half of this week will be most significant for economic reports. For more potential mortgage rate movers, check back tomorrow for import prices,...
Tanking Retail Sales Encourage Lower Mortgage Rates
Disappointing retail sales signaled good news for MBS buying. Mortgage bonds are currently going strong thanks to the combination of European headlines and the 0.9 percent drop in December retail activity. Economists had predicted retail sales to increase by 0.1 percent....
Swiss Bank Shocker Will Dictate Mortgage Rate Fate
Mortgage bonds have had a significant rally today, no thanks to domestic data, which took a major back seat to overseas headlines today. The Swiss National Bank (SNB) surprised traders by ditching the franc currency's cap, sending it soaring above the euro, which fell to...
Watch ECB Headlines Thursday for the Big Mortgage Rate Mover
Mortgage bonds are having a volatile morning, and it's difficult to say where rates are heading. This week is anemic where meaningful domestic reports are concerned. For potential mortgage rate movers, check back tomorrow for building permits and housing starts,...
Mortgage Rates on the Rise Pre-ECB Announcement?
Mortgage bonds had a volatile morning, resulting in a new sideways effect. It's difficult to say where rates are heading, although the market weakness indicates rates could be on the rise. This week is anemic where meaningful domestic reports are concerned. For potential...
ECB Announces Stimulus Program; Mortgage Rates Rise
The big news from Europe is in: Europen Central Bank (ECB) President Mario Draghi anounced this morning that the ECB will begin its own asset buying program this March. Every month, the ECB will purchase €60 billion in assets in order to stimulate the European...
Mortgage Rates Could Be on the Slide
Existing home sales climbed by 2.4 percent in December, slightly below economist expectations and relatively anemic where first time buyer market share is concerned. Mortgage bond trading is seemingly ignoring the domestic data, however, and still riding the wake of...
Mortgage Rates Likely Going Downhill by Tomorrow
Mortgage bonds are in stronger territory today. Watch for dropping mortgage interest rates. Domestic data out today included durable goods, which slipped by 3.4 percent in December, as well as consumer confidence which conversely rose to 2007 highs in January at a reading of...
Mortgage Rates May Be Edging Up by End of Day
December pending home sales data was released today, showing a drop of 3.4 percent, the largest decline since December of 2013. In more promising news, weekly jobless claims declined to the lowest point in about 15 years. The data is relatively skewed since it measured...
Mortgage Rates Lower From Bevy of Bond Buying Abroad
Mortgage bonds are in more positive territory today, rather unaffected by the higher Chicago PMI reading and happy employment numbers this morning, and instead boosted by the bevy of bond buying abroad. Watch for dropping mortgage interest rates. . Thursday: December...
Mortgage Rates May Start the Week Higher
Mortgage bonds are in weaker territory today, although this week will present ample opportunity for market movement and mortgage rate shifts, especially in light of Friday's major jobs report and some overseas action. We'll fill you in as the information arrives....
Mortgage Rates on the Downward Slope
A low ISM New York reading (down to 44.5 from the previous 70.8) is not affecting mortgage bond trading much today, especially with a large fuss being made over European activity. MBS are holding their ground in the face of the Euro insecurity; watch for dropping mortgage...
Strong Jobs Report Fuels Higher Mortgage Rates
The January jobs report is in, and a strong one: 257,000 jobs were added last month, although as a side effect of the inflated work force, the unemployment rate was recorded 0.01 tick higher at 5.7 percent. Revisions to previous reports showed improvement as well, accounting for...
Will Mortgage Rates Recover From Friday's Levels?
Not likely that it will happen today. MBS are in weaker territory, close to Friday's low levels, especially thanks to the presence of mortgage bond trading alternatives like corporate bonds. Watch for static mortgage interest rates. This week is rather light where...
Mortgage Rates Poised to Continue Sitting Still
Mortgage bonds are still in weaker territory today, hardly moving from some sham headlines concerning Europe. Watch for static or rising mortgage interest rates. This week is rather light where economic reports are concerned, save for Thursday's retail sales and the...
Mortgage Rates Still Climbing for Now
Today has been uneventful for both overseas headlines and domestic data. There's still a treasury auction that may dictate where mortgage interest rates head next, but for now expect static or rising mortgage rates.. This week is rather light where economic reports are...
Mortgage Rates Heat Up in Time for Valentine's Day
Mortgage bonds have been weaker today. January import and export price data is in, and it's showing drops across the board. Import prices have seen their biggest dip in seven years, falling 2.8 percent last month. A large contributor to the price decrease was the lower cost of...
Mortgage Rates Hitting Recent Highs
Mortgage bonds have been moving sideways today ahead of the FOMC announcement, and maintaining their weaker levels left over from yesterday. Mortgage interest rates are hitting recent highs. Housing starts data is in today and the numbers have fallen, right along with...
Mortgage Rates Relax After the Week's Highs
Labor Department jobless claims numbers are in for the week ending Feb. 14, and down to historic lows, hitting a seasonally adjusted 283,000 after falling by 21,000. The other core piece of domestic data comes from the Philly Fed, which reported a drop in its business index well...
Watch for Falling Mortgage Rates Before the Weekend
With more headlines out of Europe came some mortgage bond buying, and now MBS are in stronger territory. There's little to no domestic data out today to either feed or get cold shouldered by traders, so just about all the action can be attributed to newswires rife with the...
Mortgage Rates May Drop, Despite More Greek Bailout Fakeout
Mortgage bonds had been going strong on Friday (see below) before falling into weaker territory courtesy still of European influence (Greek bailout considerations in particular), pushing interest rates back up. As of now, the possibility of a Greek bailout is shaky, and...
Mortgage Rates Are Looking Up
Mortgage bonds are in weaker territory today, despite a stronger morning. Durable goods orders came in higher than the expected, jumping 2.8 percent in January. CPI data came in poor, falling 0.7 percent last month and marking the biggest slip since December of 2008. Jobless...
Bad News Out of Chicago Helps Lower Mortgage Rates
Mortgage bonds were stronger this morning, aided in part by a veritably weak Chicago PMI reading. Hitting its lowest levels since February 2009, Chicago PMI came in at 45.8, far below the expected 58 and a grim fall from January's 59.4. Keep in mind that any reading over 50...
Mortgage Rates May Start March on a High Note
MBS are in weaker territory today, despite this morning's weak ISM data. Typical end-of-month corporate debt issuance is partially to blame. For now, watch for rising mortgage interest rates. . For more potential mortgage market movers, check back Tuesday for ISM...
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