Posted by Jim Hungerford on July 19, 2011 · Leave a Comment
Unfortunately not all flood insurance is created equal! Each lender is advised to consider the suitability of the flood insurance they are accepting. Typically the lenders has to follow minimum standards set forth by FEMA. FEMA provides guidance to lenders and other NFIP stakeholders in meeting mandatory purchase requirements. The Mandatory Purchase of Flood Insurance Guidelines … Read more
Filed under Home Buying · Tagged with Conforming loan limits, conventional, credit mortgage, flood, home mortgage, home refinancing, insurance, Mortage industry, new home, 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 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 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 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 December 3, 2010 · Leave a Comment
This weeks mortgage rates rose the beginning of the week due to almost all of the economic data released earlier in the week was stronger than expected. Today’s employment data removed much of the optimism about economic growth which helped rates a bit. In the end, mortgage rates ended the week slightly higher than the … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, home mortgage, home refinancing, interest rate, interest rates, Mortage industry, mortgage, mortgage market, Mortgage Rates, oregon, portland
Posted by Jim Hungerford on November 20, 2010 · Leave a Comment
Wow – What happen to mortgage Rates?? They were at the lowest levels in decades just a few weeks ago. Not sure exactly why, but would imagine there are several factors that may influence them right now. Investors always are trying to predict what the market is going to do and there are few reasons for … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, conventional, credit mortgage, Finance, home mortgage, home refinancing, interest rates, Mortage industry, mortgage, mortgage market, Mortgage Rates
