Category Archives: Mortgage News
← Older postsSelecting FHA Loan Can be a Viable Choice
January 10, 2012The Federal Housing Administration provides mortgage insurance on loans made by FHA-approved lenders throughout the United States. The benefit for you is that the regulations are quite a bit easier to meet than standards set by the government-sponsored enterprises such … 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 Keep Dropping
August 12, 2011Mortgage borrowing costs continued a downward trend this week, according to Freddie Mac, as 30-year fixed rates dipped to the lowest point of the year and 15-year fixed interest fell to an all-time low. Freddie Mac said interest on the … Continue reading
Ellie Mae Refocuses on Mortgage Lenders
June 23, 2011The decline of mortgage brokers has had a profound affect on loan origination system provider Ellie Mae. As indicated by the Pleasanton, Calif.-based company’s disclosures to the Securities and Exchange Commission, its customer base has shifted dramatically from broker to … Continue reading
Mortgage Applications See Biggest Gain in 3 Months: MBA
June 15, 2011Home loan applications rose to the highest level in three months during the week ended June 10, due to pumped-up refinancing demand as the 30-year fixed mortgage rate fell to 4.51 percent. The Mortgage Bankers Association’s index of loan applications … Continue reading
Mortgage Rates Set Fresh 2011 Low After Jobs Report
June 10, 2011With employers adding far fewer private-sector jobs than anticipated, the latest Freddie Mac data show home loan rates fell for an eighth consecutive week to a new low for the year. The 30-year fixed mortgage averaged 4.49 percent, down from … Continue reading
30-Year Mortgage Rate Again Hits 2011 Low
May 27, 2011Fixed mortgage rates have fallen for six straight weeks, with 30- and 15-year loans dipping to their lowest levels since mid-December and late November, respectively. Freddie Mac reports that the 30-year loan averaged 4.60 percent this week, down from 4.61 … 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
Mortgage Market Gains
March 23, 2011Lifted by a 5 percent rise in adjustable-rate activity, new mortgage inquiries were 2 percent higher this week. Mortgage rates improved, refinance share shrank and the jumbo-conforming spread widened. At 211 for the week ended Friday, the U.S. Mortgage Market … Continue reading
IT'S THE LOAN PROGRAM, STUPID……
March 8, 2011As I listen to the talking heads and government policy experts in Washington discuss mandating 20% down payments for future mortgage programs I get sick to my stomach. Aren’t any of these people doing their research before suggesting such a … Continue reading
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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 [...]
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