Need a mortgage rate prediction? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may help you. I predict mortgage rates to fall in the next 7 days.
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The Mortgage Rate Prediction For The Next 7 Days (March 18, 2010)
The Federal Reserve doesn’t set mortgage rates. Mortgage markets do.
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Correlating Mortgage Rates To The Fed Funds Rate
Foreclosure-related filings topped 300,000 last month, according to foreclosure-tracking firm RealtyTrac. Nationwide, 1 in every 418 households was served some form of foreclosure notice but — as always — foreclosures are more common in some areas than others. In February 2010, 4 states accounted for more than half of the country’s foreclosure-related activity
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February 2010 : 4 States Account For More Than 50% Of Foreclosure Activity
Credit scoring is a huge part of the mortgage world. A given credit score can mean the difference between a 5 percent rate and a 6 percent rate; a conventional mortgage and an FHA mortgage; an underwriting approval and an underwriting denial. And yet, there’s a persistent belief among Americans that “having your credit checked” is a bad thing. In some instances, yes. In most instances, though, no.
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How To Shop For Mortgages And Keep Your Credit Scores High
Need a mortgage rate prediction? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may help you.
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The Official Mortgage Rate Prediction For The Next 7 Days (March 4, 2010)
Whether you’re buying a home in Cincinnati or refinancing one, there’s several ways to make a play for lower mortgage rates or fewer loan fees. (1) Have a higher credit score, (2) Make a larger downpayment, (3) Do your Good Faith Estimate homework. But, sometimes, the easiest way to save money on your mortgage is to pick a better closing date.
Foreclosure activity in most the nation’s largest states dropped last month, buoying the national average lower despite 30 states faring worse than the national average. Total foreclosure activity nationwide slipped for the 4th straight month. Versus October, activity is down 8 percent. A reduction in foreclosure activity is big news for housing, but the big-ger news is buried in the stats.
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Finding Foreclosures To Buy : Do Your Own Homework Before Calling Your Real Estate Agent
At this time last year, our spirits were squashed. Today, though, we have hope. And as the nation regains its footing from what should have been the worst economic depression on record, there’s now lingering uncertainty on Wall Street about what’s due for the country in the months and years ahead. Rate shoppers be ready.
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Mortgage Rate Predictions For The Next 30 Days (December 10, 2009)
Aside from mortgage rates, there’s other factors that account for your final mortgage approval and none of them are within your control. Rates may fall back to 4.500 percent at some point in the future, but when they do, you might not be able to take advantage. Here’s 9 things that can go wrong.
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9 Things To Watch While Waiting For Mortgage Rates To Dip A Bit More
There’s an old adage in the mortgage business: “Mortgage markets take the stairs down and the elevator up.” It’s supposed to mean that mortgage rates rise faster than they fall. It turns out the saw has no teeth. Looking at data from the last 14 months, at nearly every price change delta of consequence, mortgage price improvements outnumber deteriorations
Planning to move in the next few years? Get smart about it. Swap out the high-rate, 30-year fixed you’re carrying and convert it to something more appropriate. Refinancing to today’s rate might save you 40 percent on your monthly payments.
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Moving In The Next 5 Years? Rethink Your Current Mortgage And Save 40% Per Month.
According to the government, the U.S. economy shed just 11,000 jobs in November, a 100,000 job improvement from October and the lowest tally since June 2007. Furthermore, the national Unemployment Rate dropped to 10.0 percent.
The data is building economic optimism on Wall Street, forcing a retracement of the flight-to-quality bets made since October. These safe-haven bond buys dropped rates to their lowest levels of all-time last week. This week, not so much.
There’s a massive MBS sell-off in process. Rates unwound 3 weeks of improvement in the first 3 minutes of trading.
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The Jobs Report : Good For The Economy, Awful For Mortgage Rates
When banks make fixed-rate, principal + interest home loans, a borrower’s monthly payment gets calculated from amortization schedules (ah-mor-ti-ZAY-shun). With respect to mortgages, amortization is the process of paying a loan to $0 over time. For homeowners, an amortization schedule’s most important trait is that it creates interest-heavy repayments in…
