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 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
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Posted by Jim Hungerford on December 28, 2010 · Leave a Comment
The cost of mortgage rates will go up beginning next year. Not due to the market conditions, rather how investors price the risk of the loan (interest rates=credit risk pricing)! Credit risk pricing and how it impacts your interest rate/discount points (cost to buy rate down): Rates change daily – Mortgage loan interest rates and … Read more
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Posted by Jim Hungerford on November 20, 2010 · Leave a Comment
Wow – What happen to mortgage Rates?? They were at the lowest levels in decades just a few weeks ago. Not sure exactly why, but would imagine there are several factors that may influence them right now. Investors always are trying to predict what the market is going to do and there are few reasons for … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, conventional, credit mortgage, Finance, home mortgage, home refinancing, interest rates, Mortage industry, mortgage, mortgage market, Mortgage Rates
Posted by Jim Hungerford on November 15, 2010 · 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, construction loans, conventional, credit mortgage, Finance, financing, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, investment property, loan, MBS, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, new home, oregon, portland
Posted by Jim Hungerford on November 1, 2010 · Leave a Comment
Rising rates early in last week were partially offset by improving rates later in the week. In the end, mortgage rates finished the week just a little higher. On Wednesday, the Fed is expected to announce a new program to purchase Treasury securities (quantitative easing) to boost the economy. Based on comments from Fed officials, investors … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, Conforming loan limits, Construction, construction loans, conventional, credit mortgage, FHA, Finance, financing, first time homebuyer, home mortgage, home refinancing, home repair, interest rates, investment property, Mortage industry, mortgage, mortgage application, mortgage market, oregon, portland, remodel
Posted by Jim Hungerford on October 18, 2010 · Leave a Comment
The economic data released last week continued to show low inflation and modest economic growth. As a result of no real surprises, mortgage rates ended the week with little change. This week, Industrial Production, an important indicator of economic growth, will be released on Monday. Housing Starts will come out on Tuesday. The Fed’s Beige Book, revealing … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, Conforming loan limits, Construction, conventional, credit mortgage, FHA, Finance, financing, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, investment property, loan, Mortage industry, mortgage application, mortgage market, Mortgage Rates, oregon, portland, remodel
Posted by Jim Hungerford on September 17, 2010 · Leave a Comment
Low Inflation Helps Mortgage Rates Mortgage rates moved a little lower this week, after a two week increase. Following three months of declines, mortgage rates appear to be settling into a range so far in September. Hearings began this week on the role of government in the housing market, including the future of Fannie Mae … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, Conforming loan limits, Construction, construction loans, conventional, credit mortgage, Finance, financing, home mortgage, home refinancing, interest rate, interest rates, investment property, Mortage industry, mortgage application, mortgage market, Mortgage Rates, new home, portland
Posted by Jim Hungerford on September 3, 2010 · Leave a Comment
For months rates have been on the decline or holding steady. This week we saw our first up-tick in rates! Due in part to stronger than expected economic data. Next weeks economic calendar of events: Tues 9/7 3-yr Auction Wed 9/8 Beige Book 10-yr Auction Thur 9/9 Trade Balance 30-yr Auction
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, Conforming loan limits, Construction, construction loans, conventional, credit mortgage, Finance, financing, home mortgage, home refinancing, interest rate, interest rates, investment property, Mortage industry, mortgage application, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on August 23, 2010 · Leave a Comment
HomePath Mortgage provides up to 97% financing, with no Mortgage Insurance coverage, for purchase of Fannie Mae real-estate-owned (REO) properties The benefits include: Low down payment and flexible mortgage terms 30 and 15 year fix program Less than perfect credit 620 with LTV below 80% 660 with LTV above 80% Available to both owner … Read more
Filed under Home Buying · Tagged with application, Approval, conventional, credit mortgage, Fannie Mae, Finance, financing, first time homebuyer, home mortgage, Home Path, home refinancing, Mortage industry, mortgage market, oregon, portland, REO Propeties
