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 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 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 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
