Consumer confidence will not rebound strongly until consumers are confident of when home prices will stop falling. At present, there are between 9-11 months of housing inventory on the market, and housing experts suggest there are many more months worth of inventory that have yet to be placed on the market. Will 2011 be the year that housing markets hit bottom
Mortgage Rates Continue to Rise; Fed Announcement Due Tomorrow
Last week, the markets for mortgage-backed securities were absolutely dominated by irregular economic events. Monday morning, mortgage rates looked like they might start to stabilize, as Federal Reserve Chairman Ben Bernanke’s interview on 60 Minutes assured traders that neither inflation nor long-term rates would be allowed to rise too rapidly. By the end of the day, though, sufficient doubts had arisen to bring that position into question.
Forget About FICO Scores for NMLS-Think Vantage Score Instead
The issue today is NMLS is requiring you to pull your score from Trans Union and it will be a Vantage Score.
VA County Loan Limits Set For FY 2011
Stasis is the story when it comes to conventional loan limits in 2011. The county loan limits for VA loans established in late 2008 will remain in place through Sept.
Mortgage Rates Continue Rising on Mixed Employment News
After 3 straight weeks of weakness in the market for Mortgage-Backed Securities, traders were looking for solid economic news to guide them.
Mortgage Rates Continue to Fluctuate as Economic Data Shows Improvement
Mortgage pricing was poised to close last week on its first weekly gain since the impact of QEII was felt in markets when a sharp selloff on thin volume took place on Wednesday. The underlying reason: economic growth just might be coming faster than expected.
Mortgage Market Update – November 29, 2010
It has been missing for quite some time as I transitioned Florida Mortgage Daily into Mortgage Rate Forecaster™, but the Mortgage Market Weekly is back, and is now going to be an email newsletter, so don’t forget to sign up for it on Mortgage Rate Forecaster™. I have received many inquiries as to what happened
Mortgage Rates Jump Sharply, Stabilize at New Level; Still Near Historical Lows
Mortgage and Treasury markets spent most of last week coming to terms with a new pricing equilibrium that was sharply worse than that to which they had become accustomed. At the end of the week, though, mortgage markets appeared to be adjusting to the new equilibrium. While 10-year treasury rates worsened by as much as 45 basis points in yield over the course of the week, mortgage rates were only 22 basis points higher, at 4.39% for the 30-year fixed
Mortgage Rates Rise Sharply on Inflation Fears, G20 Pressure
After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits.
Mortgage Rates Rise Sharply on Inflation Fears, G20 Pressure
After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits. Treasury prices were also under a lot of pressure, with the benchmark 10-year yield rose 20 basis points, ending at 2.76% from 2.56% on Monday
HVCC Morphs Into Appraiser Independence
HVCC Morphs into Appraiser Independence Karen Deis. Publisher, www.Mortgage Currentcy.com The new Appraiser Independence rule and the sunset of HVCC doesn’t change a thing.
HVCC Morphs Into Appraiser Independence
HVCC Morphs into Appraiser Independence Karen Deis. Publisher, www.Mortgage Currentcy.com The new Appraiser Independence rule and the sunset of HVCC doesn’t change a thing