Posted by Jim Hungerford on March 16, 2012 · Leave a Comment
Week in Review: Rates climbed after the Fed announcement. The announcement indicated some degree of improvement within the economay which caused investors to shy away from bond market (causes rate to rise). The statement also confirmed investors concerns about inflation. The PPI and CPI inflation data released this week clearly reflected the impact of higher … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, Construction, construction loans, conventional, credit mortgage, FHA, financing, first time homebuyer, home mortgage, home refinancing, interest rate, loan, Mortage industry, mortgage, mortgage application, oregon, portland
Posted by Jim Hungerford on March 16, 2012 · 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 all in one construction, application, Conforming loan limits, credit mortgage, FHA, Finance, first time homebuyer, home refinancing, interest rate, investment property, mortgage, mortgage application, mortgage market, Mortgage Rates, oregon, portland, remodel
Posted by Jim Hungerford on March 16, 2012 · Leave a Comment
FHA introduces higher premiums for case numbers assigned after April 9, 2012 (active loan and subject property has been confirmed). This increase is a result of the Temporary Payroll Tax Continuation Act of 2011. FHA requires Upfront Mortgage insurance (increased from 1% to 1.75%, typically financed into new loan) and annual mortgage insurance (monthly payment) … Read more
Filed under Financial News · Tagged with application, Approval, credit mortgage, FHA, Finance, first time homebuyer, home mortgage, home refinancing, HUD, interest rate, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on January 12, 2012 · Leave a Comment
Lock your interest rates in sooner, rather than later as the Temporary Payroll Tax cut that President Obama signed into law will impact the future of mortgage rates secured by Fannie/Freddie (conventional loans) or insured by FHA. These programs have been choosen to assist in the repayment of the bill. The new law directs the Federal … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, conventional, FHA, financing, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on September 26, 2011 · Leave a Comment
New Fed Programs Help Mortgages last week: Last weeks fed announcement to boost the economy helped mortgage rates hit historic lows mid week. This weeks New Home Sales will be released today, Durable orders will come out on Wednesday, Pending Home Sales on Thursday. Friday could be a big day with Core PCE inflation, Personal … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, Construction, conventional, credit mortgage, FHA, 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 September 22, 2011 · Leave a Comment
Manufactured homes are affordable homes that are pre-made in a factory. They can either be existing homes (only been moved once) or newly built homes placed on land the homeowner owns or is in the process of purchasing. FHA/HUD loans offer consumers an option to buy these affordable homes with low down payments and affordable interest rates. To … Read more
Filed under Home Buying · Tagged with FHA, FHA Streamline, Finance, financing, first time homebuyer, home mortgage, interest rate, interest rates, Mortage industry, mortgage, mortgage application, Mortgage Rates, 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 November 22, 2010 · 2 Comments
Oregon Bond is back! Now you can take advantage of the great rate fee combinations they have to offer. The CashAdvantage rate is 3.875% and the RateAdvantage is 4.40% (with 3% cash assistance for down-payment and closing costs). Oregon Bond - Loan applicants (income qualifications) must be a first-time home buyer, which means you have not owned and occupied a primary … Read more
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
