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 1, 2011 · Leave a Comment
HomePath Renovation Mortgage allows a borrower to purchase a property that requires light to moderate renovation. One loan amount includes both the funds for the purchase and renovation – Up to 35% of the as completed value, no more than $35,000. Low down payment and flexible mortgage terms No mortgage insurance Available for primary residences, second … Read more
Filed under Mortgage Market Update · Tagged with Conforming loan limits, Construction, credit mortgage, home mortgage, home refinancing, homepath, investment property, mortgage application, mortgage market, new home, 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
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 November 22, 2010 · 2 Comments
Oregon Bond is back! Now you can take advantage of the great rate fee combinations they have to offer. The CashAdvantage rate is 3.875% and the RateAdvantage is 4.40% (with 3% cash assistance for down-payment and closing costs). Oregon Bond - Loan applicants (income qualifications) must be a first-time home buyer, which means you have not owned and occupied a primary … Read more
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
