After the Chaos - What Types of Mortgages Remain
by Emily Winkle The mortgage market and subsequently the entire US economy had a major meltdown in 2008 ... the financial crisis that destroyed the mortgage market, 100% financing loan programs were availalable ... . (non-citizens could only get 90% financing!). With credit scores in the high 500’s, you could [more...]
Date: 2008-12-03 08:40:34
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Afternoon Edition of Friday’s Rates
Today stocks are rallying based on the events that were announced this morning: ... with a mid-low credit score of 720-739, “full doc” purchase with a sales price of $500,000 ... @ 1 Pt: 6.875% (APR 7.550%) by 0.875% to rate FHA. Pricing based on credit score of 620 [more...]
Date: 2008-09-19 20:09:31
Friday’s Rates on Thursday
Huh? Since tomorrow is Independence Day, the bond markets will be closed…so I thought I would provide you with mortgage rates on today ... with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan ... %. Rates should be doing great with all this bad news, right? Not so fast! It seems as though Wall Street [more...]
Date: 2008-07-03 18:00:27
Mortgage Rates following a Dismal Jobs Report
This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score ... . Equally bad are the revisions to August and September's figures reflecting additional losses [more...]
Date: 2008-11-07 16:48:53
Rates for Friday Afternoon
Mortgage rates are much improved since what I posted last week. Wednesday and Thursday were rough on the markets as traders braced (and rightly so) ... : 6.125% (APR 6.271%) 0.50% to rate FHA. Pricing based on credit score of 620 or better and loan ... % (APR 7.064%) 0.25% to rate FHA-Jumbo. Pricing based on loan amounts from $362,791 - $567,500 [more...]
Date: 2008-11-07 21:38:07
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