Tag Archives: Mortgage Loan Officer
Mortgage News
Mortgage rates moved very little last week as the US government stretched into its second week.Retail Sales data, like the previous week’s Employment Report, was not released. However, the Fed’s last meeting minutes were released, and it revealed that the Fed … Continue reading
Mortgage Rates Drop 4 of Last 5 Days
Mortgage Bonds are near unchanged levels receiving some support from a weak reading on Durable Orders or products lasting at least 3 years. Over in housing news, New Home Sales rose by nearly 8% from July to August, despite the … Continue reading
Mortgage Rates Go Up and Then Go Down
Mortgage Bonds continue to drift lower after Wednesday’s sharp rally that was fueled by the no taper statement from the Fed. There are no economic reports due for release today and trading should lean toward the quiet side. Headed into … Continue reading
We the People
September 17, 1787 The Constitution on the United States was created. We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and … Continue reading
Easy Money Means Lower Mortgage Rates
Mortgage rates are dropping on news that Larry Summers withdrew his hat from the Fed Chairman post paving the way for the dovish Fed Vice Chair Janet Yellen to be the front runner. The markets feel that the current easy … Continue reading
Economic Update
Mixed economic data this morning. Mortgage rates remain in a sideways trading pattern headed into next week’s big risk event, the Fed Meeting and Monetary Policy Statement on Wednesday. Inflation at the wholesale level remained tame in August while Retail … Continue reading
New FHA Rule Helps Those w Credit Challenges Now
The FHA is now “allowing for the consideration” of the eligibility of borrowers who have experienced an “economic event,” i.e. unemployment or other circumstances resulting in a significant reduction of income, provided that they can provide adequate proof. This includes … Continue reading
Rates Edging Lower This Week
Mortgage Bonds are trading higher while Stocks near unchanged after the closely watched S&P 500 closed higher for 7 straight trading session. In economic news, Weekly Initial Jobless Claims fell to levels not seen since April of 2006, but a … Continue reading
How World News Impacts Mortgage Rates
The Syrian crisis continues to abate this morning as President Obama will be on national TV tonight and now could be leaning towards a more diplomatic track. In addition, France said it will submit a Russian backed plan to the … Continue reading
Buy a Home With Little (or no) Money Down
When a person starts thinking about buying a home, they usually have questions about affordability and qualifications. How much are the monthly payments going to be? How much cash will I need? What interest rate can I get? What if … Continue reading