Monthly Archives: April 2011

Who Wants A Mortgage?

Not many people according to the new statistics. With unemployment high, GDP growth low, there just aren’t many people who can afford to buy a home and to take on a mortgage. Refinance applications are also down. Report: The number … Continue reading

Posted in mortgage, Rates, Refinance | Tagged , , , , , | Comments Off on Who Wants A Mortgage?

Winding Down Fannie Mae, Freddie Mac

The government is reducing the amount of mortgage loans it will guarantee effective October 1st, so there’s a rush by buyers to get an expensive property before the deadline goes into effect. This is a rare bit of good news … Continue reading

Posted in fannie mae, freddie mac, mortgage | Tagged , , , , , | Comments Off on Winding Down Fannie Mae, Freddie Mac

I Look Forward To The Mortgage Market Going Private

What will it mean to the average home buyer? Mortgage interest rates will probably tick up a quarter of a percentage point. Lenders will demand larger down payments. Fixed-rate 30 year mortgages will be harder to get. Overall, not so … Continue reading

Posted in fannie mae, freddie mac, mortgage, Politics, Rates | Tagged , , , , , | Comments Off on I Look Forward To The Mortgage Market Going Private

What Is Multi-Family Mortgage Debt?

I was reading a news story about multi-family mortgage debt and it did not even explain what the hell it was. Well, here’s the definition from the Federal Reserve: “Multifamily debt refers to loans on structures of five or more … Continue reading

Posted in Banks, fannie mae, freddie mac, mortgage | Tagged , , , , , | Comments Off on What Is Multi-Family Mortgage Debt?

What Moves Mortgage Interest Rates?

Yes, mortgage interest rates are near all-time lows but they still jump around quite a bit. Why do they move? Investors buy mortgage-backed bonds. When this demand is high, then the interest rates necessary to attract investment fall. When such … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on What Moves Mortgage Interest Rates?

30-Year Fixed Rate Mortgage Rates Declining

The new GDP number indicates the economy is barely moving forward. Will the high new gas prices send the economy into recession? Not many economists say so, but gas prices are definitely a drag on growth. Marketwatch says: The average … Continue reading

Posted in Rates | Tagged , , , , , | Comments Off on 30-Year Fixed Rate Mortgage Rates Declining

30-Year Fixed Rate Mortgage Rates Holding Steady

Mortgage rates can not go much lower. They’re at historically low levels. They can only go up. I wonder if the Federal Reserve will continue with its program of quantitative easing? Chairman Ben Bernanke worries much more about deflation than … Continue reading

Posted in mortgage, Rates | Tagged , , , , | Comments Off on 30-Year Fixed Rate Mortgage Rates Holding Steady

Good Reasons To Refinance

* To lock in a lower rate. * To lower your monthly payments. * To consolidate bills and to pay off credit cards. Bad reason to refinance – to buy some luxury good. The San Francisco Chronicle reports: One of … Continue reading

Posted in mortgage, Refinance | Tagged , , , , | Comments Off on Good Reasons To Refinance

Will Higher Gas Prices Reduce The Demand For Mortgages?

Rising gas prices act as an added tax on the economy. In the short term, it is hard for consumers to dramatically reduce the amount of their purchases of gas, so rising prices take a bigger bite of their wallet. … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Will Higher Gas Prices Reduce The Demand For Mortgages?

Refinance Appointment.com

Here’s a Southern California mortgage company with the lowest rates you can get. They advertise — “Rates so low, you’ll think we’re meshuganah!” They can close escrow very fast. The site is clean and loads fast. They advertise a free … Continue reading

Posted in Refinance | Tagged , , , , | Comments Off on Refinance Appointment.com