Posted by Jim Hungerford on August 15, 2011 · Leave a Comment
Conforming Limits: 1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950 These rates do not reference a specific loan program; rather, they reflect general market conditions, which are subject to change at any time. Credit risk pricing and how it impacts your interest rate/discount points (cost to buy rate down): … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, Construction, conventional, credit mortgage, home mortgage, home refinancing, interest rate, interest rates, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, new home, oregon, portland
Posted by Jim Hungerford on July 19, 2011 · Leave a Comment
Unfortunately not all flood insurance is created equal! Each lender is advised to consider the suitability of the flood insurance they are accepting. Typically the lenders has to follow minimum standards set forth by FEMA. FEMA provides guidance to lenders and other NFIP stakeholders in meeting mandatory purchase requirements. The Mandatory Purchase of Flood Insurance Guidelines … Read more
Filed under Home Buying · Tagged with Conforming loan limits, conventional, credit mortgage, flood, home mortgage, home refinancing, insurance, Mortage industry, new home, oregon, portland
Posted by Jim Hungerford on June 13, 2011 · Leave a Comment
This weeks market news that may impact mortgage rates: 6/14 – PPI and Retail Sales 6/15 – CPI and Industrial Production 6/16 – Housing stats and Philly Fed 6/17 – Consumer Sentiment Conforming Limits: 1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950 These rates do not reference a specific loan … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Conforming loan limits, Construction, conventional, Finance, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, investment property, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on May 23, 2011 · Leave a Comment
The beginning of last week rates continued to decline, but mid-week the reminder that the Fed will eventually sell its portfolio of mortgage-backed-securities erased the any gains and the market ended the week basically undchanged. What to watch this week: Tues 5.24 – New Home Sales. 2-Yr auction Wed 5.25 – Durable Orders and 5-yr … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, Conforming loan limits, Construction, construction loans, conventional, credit mortgage, Finance, financing, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, investment property, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, new home, oregon, portland
Posted by Jim Hungerford on May 11, 2011 · Leave a Comment
Were you caught up in the meltdown over the last couple of years? Lost your home, your job or some other extenuating circumstances that changed your life? Your not alone! Thousands of individuals/families are in the same situation. If your financial situation improving, then you still may qualify for a home mortgage. Click here for credit … Read more
Filed under Home Buying · Tagged with application, Approval, Conforming loan limits, conventional, credit mortgage, FHA, financing, first time homebuyer, home mortgage, interest rate, mortgage, mortgage application, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on April 15, 2011 · Leave a Comment
On target inflation data and strong demand for the longer-term Treasury auctions were favorable for mortgage rates this week. The other major economic reports contained few surprises. As a result, mortgage rates ended the week lower. Next weeks events that could impact mortgage rates: 4/19 – housing stats 4/20 – Existing Sales 4/21 – Philly … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, Construction, construction loans, conventional, first time homebuyer, home mortgage, interest rate, interest rates, Mortage industry, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on April 1, 2011 · Leave a Comment
HomePath Renovation Mortgage allows a borrower to purchase a property that requires light to moderate renovation. One loan amount includes both the funds for the purchase and renovation – Up to 35% of the as completed value, no more than $35,000. Low down payment and flexible mortgage terms No mortgage insurance Available for primary residences, second … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, Construction, credit mortgage, home mortgage, home refinancing, homepath, investment property, mortgage application, mortgage market, new home, oregon, portland
Posted by Jim Hungerford on March 14, 2011 · Leave a Comment
Concerns about the pace of global economic growth and continued violence in the Middle East helped mortgage rates improve this week. Very strong demand for this week’s longer-term Treasury auctions was also favorable. As a result, mortgage rates moved lower during the week. Biggest economic news this week will be Tuesday’s FOMC meeting. The … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, Conforming loan limits, construction loans, conventional, credit mortgage, financing, home mortgage, home refinancing, interest rate, interest rates, mortgage application, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on February 7, 2011 · Leave a Comment
Conforming Limits: 1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950 These rates do not reference a specific loan program; rather, they reflect general market conditions, which are subject to change at any time. Credit risk pricing and how it impacts your interest rate/discount points (cost to buy rate down): Rates change … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, Conforming loan limits, construction loans, credit mortgage, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, Mortgage Rates, new home, portland
Posted by Jim Hungerford on January 19, 2011 · Leave a Comment
Favorable conditions helped mortgage rates last week. This week has started a bit sluggish. Economic events that will impact rates: Wednesday – Housing Stats Thursday – Existing Sales, Philly Fed and Leading indicators Conforming Limits: 1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950 These rates do not reference a specific loan … Read more
Filed under Mortgage Market Update · Tagged with Approval, Conforming loan limits, construction loans, conventional, home mortgage, home refinancing, interest rate, interest rates, mortgage market, Mortgage Rates, portland
