Mortgage rates have been increasingly lately. While FHA rates are slightly higher, they haven’t been increasing as quickly as conventional loans have been.
The FHA interest rate has settled in near 4.75% lately after tempting the 5% levels. It has been so volatile lately that many individual days have seen rate swings of that full 0.25%.
Lenders [...]
Continue Reading →The FHA interest rate will move today after the adjournment of the Federal Reserve’s 2-day monetary policy meeting.
In it, the Fed is expected to announce “no change” in the Fed Funds Rate. Mortgage rates, however, WILL change.
Just a quick mid-day update: Since opening significantly lower after the jobs report, mortgage bonds have rallied. The FHA loan rates have recovered all of the losses from opening bell and are now up 18 basis points.
We are now overbought according to every technical signal so the market could move quickly if it reverses. [...]
Continue Reading →Expectations were for job creation of about 15k. We lost 20k jobs on the month. On this negative economic news, the FHA interest rate should have normally improved, but nothing is normal these days.
Continue Reading →Our mortgage rate predictions aren’t looking so good this week. We really thought that yesterday’s ADP report and tomorrow’s Non-Farm Payrolls account would be the market movers. They weren’t. Global fear turned out to be the main story, so far, this week.
Investors have pulled out of the stock market with the Dow now below [...]
Continue Reading →Pending Home Sales recovered by 1% in December after November’s big drop.
A Pending Home Sale is a home under contract, but not yet closed.
Continue Reading →Conforming and FHA mortgage rates improved last week on the combination of soft economic data and new talk from the White House about tightening up banking regulations.
Continue Reading →Securing an FHA mortgage is about to get more expensive.
The FHA announced Wednesday that it is making a few policy changes to reduce their overall risk.
Continue Reading →November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program. There’s 100 days left to claim it.
Continue Reading →Mortgage rates hit all-time lows on December 1st and shot right back up during the month of December. We came into 2010 with mortgage rates just trading higher one day, lower the next.
We’re starting to get some direction this week. The FHA 30 Year Fixed rate has moved back to 5% and is now [...]
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