Mortgage Rates, Scary Jobs Details, Investing in 2009, Russian Gas Dispute, and More!

by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? ... to 2009… how to invest amid rife market manipulation If you’ve got money, credit and patience ... 1971, when Freddie Mac started keeping track. Since the peak of the credit crisis in late October [more...]

Date: 2009-01-08 01:36:29

Blog posts (106) | Videos (107)
 

Mortgage Rates: Crude and Unemployed

Today’s Job’s Reports revealed the highest unemployment in twenty years ... below is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales ... .   Bad news with the Jobs Report is what’s keeping mortgage rates from teetering significantly [more...]

Date: 2008-06-06 19:11:41

Mortgage Rates on a Friday Afternoon

Changes to rate are noted with a  :)  for a rate improvement or :(  when rates are higher than what I posted last week ... properties).  The conforming rate quote below is based on owner occupied with a minimum credit score ... @ 1 Pt: 7.750% (APR 7.656%) worse 0.25%  :( FHA.  Pricing based on credit score of 620 or better [more...]

Date: 2008-08-08 22:33:56

Pay Option ARMs - The Implosion Is Still Coming Despite Low Rates

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... housing, mortgage and credit meltdown’ and company-specific events. He owns and is the primary [more...]

Date: 2008-12-24 14:00:38

Mortgage Rates January 15, 2009

The Producer Price Index (PPI) came out and reflected virtually no inflation on the wholesale side of things ... payment, 740 credit scores, and verifiable income and assets. Rates vary based on borrower profile ... of this report will likely have a significant affect on the markets. I would say that today is a good [more...]

Date: 2009-01-15 20:03:13

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... , most often because their credit isn’t good enough or they don’t have sufficient home equity ... These are people who have good credit, who have had been in their homes a long time, people who already [more...]

Date: 2009-01-16 00:46:03

Finally, Home Sales Rise

Finally, Home Sales Rise By David Leonhardt The housing slump can’t end until home sellers cut their prices by enough to lure large numbers of ... do in the aftermath of a bubble. The numbers may also reverse themselves next month. The credit markets didn’t really seize up until late September, and mortgage rates have risen since then. The [more...]

Date: 2008-10-24 14:40:44

Economic Potpourri January 11, 2009

The barrage of noteworthy economic news continues into the second week of the new year ... increase in credit-rating downgrades on mortgage-related securities will lead to further stresses [more...]

Date: 2009-01-11 10:59:00

Refinancing Your Mortgage

Refinancing Your Mortgage Posted by Internet Guru at December 7, ... credit record, but you need a credit score of 720 to access the lowest interest rates. You must fully ... will buy up to $600 billion of mortgage debt. BusinessWeek’s personal finance editor Lauren Young spoke [more...]

Date: 2008-12-07 14:19:44

Rise in Overdue Mortgage Payments

In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]

Date: 2009-09-25 03:11:53

Is It Time to Refinance?

Is It Time to Refinance? Written by Credit Karma January 9th, 2009 at 7:09 AM CST 2 comments Rates are going down ... of the Federal Reserve’s and Treasury’s efforts to bolster home prices, un-freeze the credit markets ... refinancing: Have Good Credit. There are no more subprime mortgages. Most likely subprime mortgages [more...]

Date: 2009-01-08 17:50:03

Why Can’t I Get That Low Mortgage Rate Advertised?

There is a perfect storm in the mortgage market right now.  Those who do not need credit can obtain it while those that do need credit cannot obtain ... was submitted and the appraisal and credit report came back within two weeks and the loan went [more...]

Date: 2009-01-05 00:51:01

Rain City Friday Rate Update

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000.  This scenario [more...]

Date: 2008-12-12 21:18:32

CNN: get ready for more pain

Get ready for more pain ahead Forget about the credit crunch and falling house prices ... and unemployment rate start to improve. Record low mortgage rates won't lead to higher home values [more...]

Date: 2009-01-12 00:56:00

EconomPics of the Week (1-16-09)

Going GlobalHelp Jake Understand: Is it Possible that a Country Will Leave the Eurozone?The Irish Dr. Doom... or Just an Exaggerating Economist? ... , Commodity MarketsOil Tankers are a Banks Best FriendCreditLoose Credit and AutosAuto Bubble BreakdownReceipts Down, Outlays Up = Soaring DeficitFixed Mortgage Rates at Less than 4.5% [more...]

Date: 2009-01-16 22:44:00

Is Denver's real estate market beginning to turn?

Is Denver's real estate market beginning to turn? Jan ... Statistics December 2008 Buyers are in the catbird seat again this month, that is, if they can get a mortgage. Prices take a slide but credit is still tight even though rates are the best they've [more...]

Date: 2009-01-13 00:33:00

Barriers and Problems Refinancing a Home Mortgage in 2009

My quest to refinance my home mortgage continues. Rates are around 5.00% with no points for a 30 year fixed, last I checked ... based on LVT ratio, credit score, and loan type. For instance, take someone with a 95% LVT, good ... Fannie Mae and Freddie Mac underwriting guidelines must have an LTV ratio of 80% or less. Higher LTV [more...]

Date: 2009-01-14 11:00:51

Market Update 01/19/2009

Market Comment Mortgage bond prices fell last week pushing rates higher despite continued signs of economic weakness ... the credit crisis. Consumer sentiment came in surprisingly better than expected despite headlines ... indicator of the state of our economy. This report, provided by the Bureau of the Census, takes [more...]

Date: 2009-01-16 21:27:51

Asian-Pacific stocks rise on South Korea financial rescue package

Asia-Pacific stocks soared Monday after South Korea announced a package of more than $130 billion to stabilize the country's financial sector ... Bureau of Statistics said the country's growth rate slowed to 9 per cent in the third quarter ... mortgage crisis led to a credit crunch, caused financial institutions to collapse and spread around [more...]

Date: 2008-10-21 04:50:33

Tips a Home Owner Should Know Before Refinancing

by katie George Mounting debt has many homeowners considering refinancing their mortgage for the purpose of cashing out the equity to consolidate ... your real estate mortgage finance needs. Get a copy of your most recent credit report, preferable ... information on your credit report. A good clean credit report will get you the best interest rate on [more...]

Date: 2008-12-29 22:15:15

Mortgages: The Raw Data

In these times of great confusion and virtually no forecast of the mortgage market, ... them to very low CLTV limits and very high credit ratings. The days of 80/20 and 80/10/10 financing ... or so; Guidelines are stricter, underwriting is tighter, credit is scarce, and worst of all it’ [more...]

Date: 2008-08-12 14:00:44

Fannie and Freddie to Announce Mass Loan Modification Program

re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit.  Paying your bills on time only accounts for 30 [more...]

Date: 2008-11-11 19:02:07

Rates on a Rocky Ride

It’s been tough on mortgage backed securities this week ... properties).  The conforming rate quote below is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000 [more...]

Date: 2008-07-18 16:12:47

usa mortgage rates

I stress when thinking about home, this patient received a second year, as well as state this function is provided to sell our house, ... to the main course as well as the seductiveness price report on how to find low price long head home loan ... go USMortgageRates.Com U.S. mortgage Tarif reports related to the debt loan debt related to credit [more...]

Date: 2008-12-31 16:20:03

?There Can Be a Mortgage after Foreclosure

Having a home foreclosed on an individual or couple can be devastating to them personally as well as financially. This blotch on their credit rating stays for quite a few years. They probably think their chances ... a foreclosure. Fortunately for these unfortunate individuals, it is possible to obtain a mortgage [more...]

Date: 2009-01-16 05:17:01

Yes, Virginia, There IS a Santa Bernanke!

So, lenders are not apt to move as quickly or as far down on rates as purchasers of mortgages would like ... , defaults, judgments or employment gaps on your loan application. Of course, if you do, then it’s too late and you’re already screwed. One caveat: Many credit card companies have lowered credit limits [more...]

Date: 2008-12-25 06:26:36

This Week in Scandal Watch

by Alexandra Andrews and Matt Townsend - 1. Subprime Mortgages and Ratings Agencies The House passed a housing bill Wednesday that should help 400, ... and lobbying at Fannie and Freddie. 2. Detainee Treatment Salim Hamdan (Credit: Neal Katyal/Reuters ... into the case of a Canadian detainee the U.S. sent to Syria, where he claims he was tortured. [more...]

Date: 2008-07-25 19:52:01

Right Question, Wrong Direction

Permalink | Email Author The title and subhead of an ABC News report from a bit earlier: Are They to Blame for the Meltdown? Congress to Grill Credit Rating Executives on Capitol Hill Today I wonder, when is somebody going to grill members of Congress over their responsibility for the mortgage meltdown? Our elected [more...]

Date: 2008-10-22 20:00:15

Friday’s Rates following the Rescue/Bail Out

There have been so many factors that typically influence the direction of mortgage rates over this past week, it’s amazing.  Just this morning we had another dismal Jobs Report with a greater loss than expected ... credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount [more...]

Date: 2008-10-03 21:29:05

Long Beach Mortgage Report: Concern over future loan pricing due to Democratic moves

Long Beach, CA.  We are very concerned about this development for future mortgage pricing ... this is at a time when we expect a government agency to support the credit crisis, not curtail their lending. Why has this happened?  Apparently the agency faces a credit rating downgrade and must work through a half [more...]

Date: 2009-01-08 18:35:49

Foreign Cenbank Agency Debt Selloff Accelerates Inexorably

"New intrigue will arrive in the late afternoon when the Fed releases its balance sheet, an exercise it does usually every Thursday at 4:30 p.m ... with a sharp widening in credit spreads between agency debt and Treasuries. The widening prompted ... spreads have tightened sharply since the announcement, helping to drive mortgage rates down [more...]

Date: 2008-11-29 07:01:50

It’s time to refinance ~ but is your home worth enough to get that great low rate?

Short sales, Bailouts, Mortgage Reductions…there are all kinds of programs being talked about, ... .  But I have a question.  What about the homeowner who has never missed a payment, has a great credit score ... it would be simple with a history of a lifetime of great credit, right?  Nope.  Not if your home [more...]

Date: 2009-01-17 04:16:58

Today’s best mortgages: How to Qualify

by Mortgage Wizard Equity The amount of equity you currently have your is a large factor when determining if you qualify for the best mortgage rates ... . (excluding utilities and other miscellaneous debts that do not get reported to the credit agencies [more...]

Date: 2009-01-04 20:51:44

Job losses clearly becoming #1 economic issue

Worrying about the credit crunch and falling home prices? That's just so...2008. For 2009 we've got a new worry: a job market in free-fall ... low mortgage rates won't lead to higher home values and increased home sales as long as 500,000 people ... are reporting that they are cutting pay of their employees in response to the difficult environment [more...]

Date: 2009-01-09 20:30:50

The Sky Has Fallen: Now What?

Superstrategist Ed Yardeni is quoted by James Pethokoukis in US News & World Report on what could go right in 2009: (1) Lower mortgage rates fuel a refinancing boom which lifts consumer spending. (2) Home sales increase and home prices stabilize. (3) Easier credit conditions increase auto sales. (4) The drop in fuel [more...]

Date: 2009-01-14 15:51:36

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 [more...]

Date: 2008-11-07 16:48:53

The US Housing Crisis, Economy and Stock Market

Hum Nath PantaREAE 5311, Blog Introduction Current economic crisis in the United States of America is a by-product of sub-prime mortgage crisis in the US which has spread around the world. Sub-prime loan is a loan provided to borrowers who have low credit ratings and other factors that suggest a chance of defaulting on debt payment. Sub [more...]

Date: 2008-11-10 22:59:00

Home loan

by Tom Martens Before starting the homeownership or monthly mortgage installment ; ... online home loan calculators on financial or property websites to start working ... your credit history, the better rate youll be offered. If youve done business with a certain bank [more...]

Date: 2009-01-16 14:44:26

Compare Credit Cards for Best Deals

Now is not the time to be spending unnecessary money; ... and what that means not only to our cash flow but our credit report. Further, the fees that we wind up paying ... possible for us to shave money off of payments including lowering the interest rate on our mortgage through [more...]

Date: 2009-01-09 04:07:57

Sterling Exchange Rate Forecast

This report will focus on the outlook for Sterling, and how further interest rate cuts by the Bank of England this week may affect the pound ... rate, with the country's largest mortgage lender, Halifax, reporting a 16.2 percent annual decline ... since the recession of the early 1990s. The credit crunch has led to thousands of job cuts in many [more...]

Date: 2009-01-05 08:54:00

Checking Out Current Mortgage Refinance Rates

Inspired by Jim’s recent efforts to research a possible refinance, I decided to drop by LendingTree to see what they have to offer ... offers that don’t take into account your credit score, etc. He further stated that he could do much [more...]

Date: 2008-12-23 20:55:28

Rain City Mortgage Rates

Just a reminder that next Thursday is Thanksgiving and banks will be closed.  Our office will be closed until Monday, December 1, 2008 ... with a mid-low credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check [more...]

Date: 2008-11-21 22:37:18

Don’t Let Rates Get You, Lock It Posted By : rateempire

Don’t Let Rates Get You, Lock It Posted By : rateempire When interest rates begin to go up on mortgages, ... Citigroup. Energy shares fall with another decline in oil. Treasury yields drop. Fix your 5 biggest money mistakes You can’t control the stock market or fix the credit crunch, but there’s still plenty [more...]

Date: 2009-01-16 18:19:09

Research house upbeat on property stocks

Research house upbeat on property stocks It cites falling interest rates and possible favourable Budget measures By EMILYN YAP INVESTORS can ... credit for new investments,’ it explained. Banks may also introduce more attractive mortgage ... the operating environment for real estate companies this year, said Kim Eng Research in a report yesterday [more...]

Date: 2009-01-06 22:00:37

Lennar's "Peace-Of-Mind Job Loss Mortgage Payment Protection Plan" .... by gimleteye

.fullpost{display:inline;}"New mortgage protection plan available for buyers" ... is this going to improve my stress level or credit rating? Not to worry, Lennar promises its "everything [more...]

Date: 2009-01-16 12:36:00

Morning Commentary

Start with Markus K. Brunnermeier. While the overall mortgage losses are large on an absolute scale, ... or other loans as collateral...To ensure funding liquidity, the sponsoring bank grants a credit line ... vehicles, and then granting a credit line to that pool to ensure a AAA-rating, allowed banks to reduce [more...]

Date: 2008-11-20 12:11:23

Posts about Mortgage Market Report as of January 14, 2009

Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan ... your personal credit report to ensure that your credit score has improved. Lenders … . Read this article [more...]

Date: 2009-01-14 12:23:49

Did Obama Get a “Sweetheart” Mortgage Deal?

Did Obama Get a “Sweetheart” Mortgage Deal? July 10th, 2008 by JAZZ SHAW As reported by The Hill, ... Obama’s home mortgage. Judicial Watch, a conservative legal watchdog group, filed the report after ... such as competitors’ rates, how much of a down payment you make, your credit history, income, and a variety [more...]

Date: 2008-07-10 10:54:54

10% OFFICE VACANCY RATES IN EVERY MAJOR AMERICAN CITY…now building owners are struggling to pay their mortgages

from the NEW YORK TIMES: As Vacant Office Space Grows, So Does Lenders’ Crisis Michael Stravato for The New York Times MainPlace, ... from banks to the credit markets will make that difficult — even for borrowers who are current [more...]

Date: 2009-01-05 07:03:47

Mortgage Mania 19 - The Jumbo Strikes Back

Amid all the celebration and hullabaloo associated with the recent drop in conforming interest rates as a result of the Treasury Department taking ... be willing to buy those that are considered low risk (excellent credit score, low loan-to-value ratio [more...]

Date: 2008-09-09 19:08:17

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