Category Archives: Homebuying
← Older postsFHA Extends Waiver on House Flipping Rules
December 29, 2011WASHINGTON (CN) – The Federal Housing Administration will extend a waiver on its anti-flipping regulations until Dec. 31, 2012. ”This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment … Continue reading
Fixed Rate Mortgages Hit Record Low of 4.01 Percent
September 30, 2011Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), coming on the heels of the Federal Reserve’s recent announcements as the conventional 30-year fixed-rate mortgage (FRM) averaged an all-time record low at 4.01 percent, with an average … Continue reading
Mortgage Rates Hold Near Lows
July 5, 2011Mortgage interest remained near annual lows last week, with the 30-year fixed rate averaging 4.51 percent compared to the year’s low of 4.49 percent reached three weeks ago. The 15-year fixed rate, meanwhile, stood fast at 3.69 percent after hitting … Continue reading
Home Loan Rates Hover Near Lows
June 24, 2011Freddie Mac reports that average interest on 30-year fixed mortgages was flat at 4.50 percent this week, while 15-year fixed loans rose from a 2011 low of 3.67 percent a week ago to 3.69 percent. The 30-year loan fell to … Continue reading
Mortgage Rates Hold Steady
June 17, 2011Freddie Mac reports that the 30-year fixed mortgage rate drifted up to 4.50 percent in the week ended June 16 from 4.49 percent a week earlier. Meanwhile, rates on 15-year fixed loans dipped to 3.67 percent from 3.68 percent over … Continue reading
Sales Buoy Hopes for Housing Market
May 25, 2011The Census Bureau reported a 7.1 percent gain in new home sales in April from a month earlier, raising expectations that the slump in residential construction could be close to bottoming. New homes sold last month at a pace of … Continue reading
World Events Affect Your Mortgage Rate
March 29, 2011International events such as the tsunami and subsequent nuclear disaster in Japan, the Libyan revolt and the uprising in Egypt have helped to depress mortgage rates in recent weeks. Investors have been moving money from riskier investments into safer U.S. … Continue reading
Falling U.S. Rates Give Borrowers Reprieve
March 18, 2011The 30-year, fixed loan settled at 4.76 percent for the week ended March 17, compared to 4.88 percent last week and 4.96 percent a year ago, reports Freddie Mac, as investors sought low-risk U.S. Treasuries in response to uncertainty in … Continue reading
What does your credit score mean?
March 15, 2011Your credit score is a number between 300 and 850. Credit Score Range Meaning 750 – 850 A is excellent credit 700 – 750 B is good credit 600 – 700 C is average 500 – 600 D is poor … Continue reading
Mortgage Applications at Highest Level in 3 Months
March 9, 2011Thanks largely to an improving job market, the Mortgage Bankers Association’s seasonally adjusted index of loan applications spiked 15.5 percent for the week ended March 4 — marking the highest level in three months and the biggest gain since June … Continue reading
-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- November 2009
- September 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
-
Meta
-
Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
Copyright © 2011 Frost Mortgage Lending Group
2501 Wyoming Blvd. NE, Suite A, Albuquerque, NM 87112