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
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
Filed under Mortgage Market Update · Tagged with Conforming loan limits, conventional, credit mortgage, credit risk based, financing, first time homebuyer, interest rate, interest rates, investment property, Mortage industry, mortgage application, mortgage market, Mortgage Rates, portland
Posted by Jim Hungerford on December 13, 2010 · Leave a Comment
Market News that may impact mortgage rates this week includes: Tuesday – Fed Meeting, Retail sales and PPI Wednesday – CPI and Industrial Prod. Thursday – Housing Starts and Philly Fed 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, … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, Conforming loan limits, credit mortgage, financing, first time homebuyer, home mortgage, home refinancing, interest rate, interest rates, Mortage industry, mortgage, mortgage market, oregon, portland
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 28, 2010 · Leave a Comment
This week there will be Consumer Confidence released today, GDP and Chicago PMI will be on Thursday. Friday is packed with info, Personal Income, PCE inflation, Construction spending, ISM manufacturing and 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, Approval, Conforming loan limits, construction loans, credit mortgage, Finance, financing, first time homebuyer, home mortgage, home refinancing, interest rates, investment property, Mortage industry, mortgage application, mortgage market, Mortgage Rates, oregon, portland
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
