The much anticipated details of the new Home Affordable Refinance Program (HARP) rules have been released – NOW WHAT?? If you haven’t heard, HARP is designed to help Phoenix home owners with mortgage rates above the current market refinance that previously couldn’t because of appraised value restrictions. The old HARP program limited lenders to refinancing [...]
Tag Archives: Mortgage Rates
The Most Common Roadblocks to Home Ownership
As most of us are already aware, the credit industry has been dealt a series of blows over the past two years, which has left many banks gun shy when it comes to lending money to borrowers with anything but perfect credit and credentials. Your professional REALTOR has helped you find your dreamhome and you [...]
What Not to do when Buying your First Home
Buying your first home is a learning experience. Most first-time home buyers learn as they go, and many make mistakes they wish they could take back. It is therefore vital to take the time to educate yourself on the entire home buying process, from negotiating a deal to the particulars of closing. Here is our [...]
Use Niche Mortgage Products To Get Noticed
If you’re a mortgage originator you’ve probably been very busy over the past few months arranging refinance loans for your clients at the current low mortgage rates. But, with interest rates having been in the 4%s or low 5% range for such a prolonged period of time many of the homeowners who could save with [...]
Americans Remain Upbeat About Homeownership
Even as many homeowners struggle to make mortgage payments and foreclosures weigh down the housing market, 70 percent of Americans still view homeownership as part of the American Dream, according to a recent Trulia survey. More than three out of four homeowners (78 percent) say their homes are the best investment they ever made. Only [...]
Survey Reveals Consumer Confusion about Mortgage Process
More than two-thirds of Americans (70.6 percent) believe access to affordable mortgages is a serious problem, according to a new survey by MortgageMatch.com. Respondents also say that the most challenging aspect of getting a mortgage is understanding the mortgage process and dealing with the lenders’ requirements, ranking it more challenging (32.3 percent) than getting the [...]
Five Signs You may be Ready to Purchase your First Home
For many individuals, the idea of purchasing a home is a bit of a scary prospect. However, with the right tools and plenty of knowledge, you can move forward and become a homeowner.
How will Fed’s Quantitative Easing (QE) impact Santa Clara County Mortgage Rates?
How will Fed’s Quantitative Easing impact Santa Clara County Mortgage Rates for Refinance and Home Purchase? But before we get into how will this impact home loan rates for Santa Clara County and SF Bay Area home owners, lets find out what does Quantitative Easing means! Wikipedia defines Quantitative Easing as – “Quantitative easing (QE) [...]
Santa Clara Mortgage Rates sink to the lowest level of the year
Last week Santa Clara mortgage rates eased back to the lowest level of the year. According to Freddie Mac’s Primary Mortgage Market Survey® the 5-year adjustable-rate mortgage (ARM) averaged 3.91 percent this week, with an average 0.6 point, down from last week when it averaged 3.95 percent. This breaks last week’s record and, again, the [...]
Mortgage Market Update 4-26-2010
Mortgage Rates were volatile last week on news surrounding the Greece crisis. Rates improved mid-week on fears of a collapse of the Greek economy, and then worsened when a proposed bailout program was announced. Adding to the upward pressure of mortgage rates on Friday was the release of some strong positive economic data including the hottest [...]
Mortgage RateWatch Video – Dan Rawitch – Goldman In Trouble
Leading indicators was not helpful in determining direction of mortgage rates, but many don’t care. Technicals will drive the market for the next couple of days. Goldman investigation could trigger DOW sell off.
Mortgage RateWatch Video – Dan Rawitch – Housing Starts Up
Mixed bag of news today
Market is currently focusing on Michigan Sentiment
Head and Shoulders could break out positively
Above 100.28 will signal a breakout
Mortgage RateWatch Video – Dan Rawitch – China Selling US Treasuries
Too much good economic news. The focus was jobs and inflation, now we’re looking at China’s position on US Debt and the relationship with their economic growth.
Mortgage RateWatch Video – Dan Rawitch – No Inflation
Great news for Mortgage Rates on Inflation
Retail Sales are So-So
Fed has fuel to continue “Extended Period” language
Bernanke testimony should help
FOMC notes will be deciding factor later today
Mortgage RateWatch Video – Dan Rawitch – Waiting For CPI
Light but crazy trading
Yesterday’s rally was goofy
Pros will not anticipate Fed or CPI
If inflation is in check, rally will continue – If not… Oh Boy!
No real news until Wednesday’s CPI report
Mortgage RateWatch Video – Dan Rawitch – Bond Rollover Week
Bond Rollover has no effect on pricing
Some new hope for Europe
No real news until Wednesday’s CPI report
Mortgage RateWatch Video – Dan Rawitch – Traders Are Focused On Masters
* Gap down for treasuries on THIN trading
* Good but not great 30 year auction
* 84 billion of supply concerns are behind us, and it went well
* No real news, and traders are focused on the Masters
Mortgage RateWatch Video – Dan Rawitch
Mortgage Rate Video Highlights – April 8, 2010
* Another positive morning tone
* Great 10 year auction with almost 3x bid to cover
* Dow is correcting, could further the flight to quality
* This rally could fuel the 30 year auction
Santa Clara Mortgage Rates & Economy Update
Mortgage Rates update for Santa Clara County. The week that was: A bad one for the rate markets. Mortgage rates increased 12 basis points while the 10 yr note jumped 16 basis points. The chart below would tell you how volatile the mortgage rates were on Thursday and Friday. After weeks of being contained in [...]
Santa Clara Mortgage Rates & Housing Update
Weekly update on Santa Clara Mortgage Rates, Housing Trends and top Economy news. The week that was: Freddie Mac in its Primary Mortgage Market Survey® reported that the 30-year fixed-rate mortgage (FRM) averaged 4.93 percent with an average 0.7 point for the week ending February 18, 2010. The 5-year adjustable-rate mortgage (ARM) averaged 4.12 percent this [...]
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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