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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

Blog posts (5) | Videos (2)
 


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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