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
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 27, 2010 · Leave a Comment
While daily volatility remained high for mortgage rates, they ended the week basically unchanged from last week. News this week that may impact the market will include: Mon 12/27 2-yr Auction Tues 12/28 Confidence 5-yr Auction Wed 12/29 7-yr Auction Thur 12/30 Chicago PMI Pending Sales Conforming Limits: 1 unit $417,000; 2 unit … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, Conforming loan limits, first time homebuyer, interest rate, interest rates, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, portland
Posted by Jim Hungerford on December 17, 2010 · Leave a Comment
There are a lot of homeowners looking at FHA loans to fund the purchase of their primary residence. It is great product that offers both a 30 year fix product as well as a 5 year arm with as little as 3.5% into the deal. For purchase money mortgages, the max LTV is 96.5 percent, i.e., … Read more
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 12, 2010 · Leave a Comment
Mortgage Rates End Higher The volatility in mortgage rates continued this week. The average 30-year fixed rates dropped, but mortgage rates moved higher by mid week. The Fed’s announcement last week initially helped mortgage rates. The program injects dollars into the economy, but weakens the value of the dollar. When the value of the dollar falls, then the … Read more
Filed under Mortgage Market Update · Tagged with all in one construction, application, Approval, attached units, Conforming loan limits, construction loans, credit mortgage, Finance, first time homebuyer, home mortgage, home refinancing, interest rates, investment property, loan, Mortage industry, mortgage, mortgage application, mortgage market, Mortgage Rates, new home, portland
