October 2010 : 5 States Account For Half Of The Nation’s Foreclosure Activity

On November 12, 2010 By

As usual, foreclosure density varied by region last month, with just 5 states accounting for close to half of the nation’s repossessed homes.

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Fed Survey : Mortgage Guidelines Tighten Further, Freeze Out Would-Be Refinancers

On November 10, 2010 By

For the period July-September 2010, 52 of 54 responding loan officers admitted to tightening their prime guidelines, or leaving them “basically unchanged”.

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Pending Home Sales Slip In September, Suggesting A Buyer’s Market Until January

On November 9, 2010 By

So long as mortgage rates remain rock bottom, the autumn season is looking like a terrific time to buy.

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What’s Ahead For Mortgage Rates This Week : November 8, 2010

On November 8, 2010 By

Huge gains and losses characterized day-to-day trading last week. Overall, however, conforming mortgage rates improved.

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Today’s Jobs Report Will Keep Mortgage Rates Highly Volatile

On November 5, 2010 By

Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.

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A Simple Explanation Of The Federal Reserve Statement (November 3, 2010 Edition)

On November 3, 2010 By

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent.

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Mortgage Rate Lock Alert : Expect Rate Changes Wednesday Afternoon

On November 3, 2010 By

The Federal Reserve ends a scheduled, 2-day meeting today. It’s the seventh of 8 scheduled Fed meetings in 2010, and the eighth overall this year. Mortgage rates should be especially jumpy.

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Better Credit Scores Get Better Mortgage Rates

On November 2, 2010 By

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

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Better Credit Scores Get Better Mortgage Rates

On November 2, 2010 By

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

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What’s Ahead For Mortgage Rates This Week : November 1, 2010

On November 1, 2010 By

All things considered, it’s dangerous to float a mortgage rate this week. If you’re not already locked, talk to your loan officer prior to Wednesday afternoon.

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