Still No Clear Direction on Housing
As is often the case with economic figures, we may not know that we are out of the declining housing market until we are clearly above the stabilization line. There are key housing reports release each...
View ArticlePending Home Sales Rise as Treasury Yields Rise
Yesterday’s pending home sales report was a welcome good bit of news for the ailing US housing market. The National Association of Realtors said Monday its seasonally adjusted index of sales agreements...
View ArticleYour Refinance Mortgage Loan Process is Important
Most times, a refinancing homeowner will understandably search for the best mortgage rates and closing costs for their new home loan, and really not put too much thought into how the loan process will...
View ArticleRefinance Mortgage Rates Continue Low Streak
At the beginning of this month, a couple of key US government programs aimed at keeping mortgage rates low expired. There were many on the street that expected refinance mortgage rates to climb during...
View ArticleDebt Consolidation Refinance and Debt Ratios
I often speak with potential refinancing homeowners that tell me they don’t think they’ll meet the debt-to-income (DTI) requirements for a new debt consolidation loan because they are holding too much...
View ArticleTreasury Yield Continues Streak with Nice Refinance Mortgage Rates Opportunities
For the past several months it seems like you can’t kill the stock market nor the low refinance mortgage rates being served up to the public. The Yield on the 10-Year Treasury has flirted with the key...
View ArticleGlobal Economy Driving Mortgage Rates Down
You know what they say, what you think is going to happen and what actually happens can be entirely two different things. Such is the case with the recent movement in refinance mortgage rates. Most...
View ArticleAmerica’s Negative Equity Housing Markets
The good news is that refinance mortgage rates are currently at the lowest point in history, providing opportunity for homeowners to refinance into some outstanding financially beneficial home loans....
View ArticleRefinance Mortgage Rates Continue Pace at Historic Lows
If you asked me just a few months ago, where I thought refinance mortgage rates were heading, I probably would have leaned toward rates going up. Why? Well the federal government bailout multi-billion...
View ArticleRefinance Mortgage Rates Hit All-Time Lows
Refinance rates have fallen to historic lows once again, as the 10-year treasury yield continues its plunge downward. Amazing refinance deals are to be had if you have the credit score and enough...
View ArticleHome Affordable Refinance Program (HARP) can Help Homeowners with Falling...
The severe drop in home values in the US over the past several years has caused quite a dilemma for many people wishing to refinance into the current historic low refinance rates. The homeowner may...
View ArticleThe Second Reason to Refinance in Today’s Market
If you have been considering a home refinance recently, the decision was most likely based on the current historic low refinance mortgage rates, yet there may be another big reason to refinance now....
View ArticleYour Best Home Refinance Options in the Face of Declining Home Values
Yes, refinance mortgage rates are currently sitting near the lows of all-time, but that doesn’t necessarily mean that you will benefit with a new home mortgage refinance. Working hand in hand with...
View ArticleHigh LTV Refinancing Options as Home Prices Continue to Weaken
As we near the end of another year, two vital home refinancing factors have stayed rather constant throughout the year. The first being that refinance mortgage rates have held near the all-time record...
View Article$600B Bond Purchase Program Still On the Table – Good for Mortgages
The Fed’s $600B bond purchase program has come under tremendous political heat over the past month. There was talk of ending the program altogether, which would have been a big punch in the gut for...
View ArticleCurrent Dip in Refinance Mortgage Rates
Since the rock-bottom historic low refinance mortgage rates of November of last year, rates have been slowly edging their way up to mirror the movement of the 10-Yr Treasury yield. The yield actually...
View ArticleFHA Monthly Mortgage Insurance Changes in April 2011
The HUD department certainly has been busy over the past couple of years with many underwriting guideline changes, as well as changes to the FHA Upfront Mortgage Insurance Premium (UFMIP) and monthly...
View ArticlePull-Back on Treasury Yield Bringing Down Refinance Mortgage Rates Again
I must say that every time I feel that the 10-Yr Treasury Yield along with refinance mortgage rates are set to rise, the exact opposite occurs. That is why I always tell my clients not to try to read...
View ArticleHome Prices Continue Downward Trend in 2011
As much as we all hoped for a strong beginning to 2011 for the US housing market, home prices hit another new low in the first quarter. This is down 5.1% from a year ago to levels not reached since...
View ArticleMortgage Rates Rise On Potential End To Quantitative Easing
With last week's reading of the Fed Meeting Notes by Fed Chief Ben Bernanke, mortgage rates soared upward faster than any time that I can remember. Conventional rates literally shot up from 3.5% to...
View ArticleVA Refinancing Options Still Hot
The VA Refinance programs are still a hot program in today's lending market. The reasons being that US Veterans can refinance up to 100% of their home's value or do a cashout refinance at up to 95% of...
View ArticleRefinance Mortgage Rates Drop As US Avoids Debt Default
A deal was reached last Wednesday by Congress, allowing the Treasury to borrow through February 7 and fund the Government through January 15th. The agreement was reached just hours to go before the...
View ArticleHARP (Home Affordable Refinance Program) Still a Nice Option For Many Homeowners
The HARP refinance program started in April of 2009 and was developed by the government to help who had little or no equity in their home to refinance in to historic low interest rates. When first...
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Recap of 2013 Increase to FHA Refinance MIP
Effective April 1 2013 and June 3, 2013, significant changes were made to the FHA mortgage refinance and home purchase monthly mortgage insurance (MIP).Below is a recap of the 2013 changes to FHA MIP -...
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