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 November 2, 2011 · 1 Comment
Home Affordable refinances are available to home owners who have a mortgage that is securitized by Fannie Mae or Freddie Mac on or before May 31, 2009. Federal Housing Finance Agency announced new changes with the goal of reaching more borrowers Here is a recap of the updated HARP guidelines: 1) Removing the 125% loan to … Read more
Filed under Home Buying · Tagged with Conforming loan limits, conventional, financing, HARP, Home Affordable, home refinancing, interest rate, interest rates, mortgage market, 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 23, 2011 · Leave a Comment
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. To get a loan, a veteran must apply to a lender. If the loan is approved, VA will guarantee a portion … Read more
Filed under Home Buying · Tagged with Approval, Conforming loan limits, Finance, financing, first time homebuyer, home mortgage, home refinancing, HUD, interest rate, interest rates, Mortage industry, mortgage, mortgage market, Mortgage Rates, new home, oregon, portland, VA, Va lending, Veterans
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 September 16, 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 all in one construction, application, Conforming loan limits, Construction, construction loans, credit mortgage, Finance, financing, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, Mortage industry, mortgage, 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 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 6, 2011 · Leave a Comment
Not quite sure how to hold title to the home you are buying or refinancing? Here are the most Common Methods of Holding Title (Manner in which title is held) Method Type Definition Examples of common vesting Description Examples of wording on Deeds of Trust and Warranty Deeds CO-OWNERSHIP Title to property owned … Read more
Filed under Home Buying · Tagged with financing, first time homebuyer, holding title, home mortgage, home refinancing, Mortage industry, mortgage application, mortgage market, Mortgage Rates, oregon, portland, title of home, vesting
