Fed Struggles To Lower Mortgage Rates
Fed Determined To Lower Mortgage Rates With Unconventional Methods Mortgage rates started dropping late last year after the Federal Reserve announced that it would be purchasing mortgage backed securities (MBS) in an effort to lower mortgage rates. [...]
Mortgage Rates Surge Upward – Is The Refi Boom Over?
Mortgage Rates Up Sharply Over Past Week Mortgage rates increased again today as the sell off in the long treasury market continued. The all time lows in the mid 4% range have quickly disappeared. A short week [...]
30 Year Mortgage Rates At 4.5% – Is 3.5% Possible?
How Low Can Mortgage Rates Get? According to Freddie Mac, the average 30 year fixed rate mortgage dropped for the 10th consecutive week to a new low of 5.01%. This is the lowest rate reported by Freddie [...]
Congress Proposes Cram-Downs As New Mortgage Solution
The plight of homeowners delinquent on their mortgages has been the focus of much debate lately. There have generally been two major lines of thinking: -The best course is to let free market principles apply. If homeowners [...]
Home Ownership Turns Into Nightmare For Many
The government’s obsession with making everyone a homeowner, regardless of qualification, has resulted in misery for millions and trillions in financial losses. Here’s another example of our failed social experiment. Housing Push For Hispanics Spawns Wave of [...]
The Risk Of Higher Mortgage Rates
Mortgage rates again ticked higher Friday as the treasury market continued its sell off. Most of the good news may already be priced into the treasury market that mortgage rates are based on. Reasons why mortgage rates [...]
Debate On Loan Modification Continues: Free Enterprise Vs Free Government
The debate seems to intensify on a daily basis regarding the merits and legitimacy of for profit loan modification companies. Officials of HUD, Hope and the banking industry continue their criticisms of the loan modification industry by [...]
Few May Benefit From Lower Mortgage Rates
Rates Increase Mortgage rates increased today on a sell off in the Treasury market. The benchmark 10 year treasury note increased in yield by 16 basis points (bps) to 2.244%. The 2008 low on the 10 year [...]
FHA Takes A Closer Look At Home Values On Refinances
HUD announced in Mortgagee Letter 2008-40 that effective January 1, 2009 that FHA will require a second appraisal for all cash-out refinances where the loan to value, exclusive of UFMIP, exceeds 85% of the appraised value. The [...]
