Real Estate Blog

When you’re looking for low rates on a 30-year fixed rate mortgage, the cheapest place to find it is usually the conforming mortgage market. Conforming mortgages are appropriately named; they “conform” to the mortgage underwriting guidelines of Fannie Mae or Freddie Mac. Mortgages that meet these…

Read the full post at http://www.themortgagereports.com

View post:
The 2009 Conforming Loan Limits Show No Change From 2008, 2007 or 2006

When you’re looking for low rates on a 30-year fixed rate mortgage, the cheapest place to find it is usually the conforming mortgage market. Conforming mortgages are appropriately named; they “conform” to the mortgage underwriting guidelines of Fannie Mae or Freddie Mac. Mortgages that meet these…

Read the full post at http://www.themortgagereports.com

The rest is here:
The 2009 Conforming Loan Limits Show No Change From 2008, 2007 or 2006

When you’re looking for low rates on a 30-year fixed rate mortgage, the cheapest place to find it is usually the conforming mortgage market. Conforming mortgages are appropriately named; they “conform” to the mortgage underwriting guidelines of Fannie Mae or Freddie Mac. Mortgages that meet these…

Read the full post at http://www.themortgagereports.com

Continued here:
The 2009 Conforming Loan Limits Show No Change From 2008, 2007 or 2006

When you’re looking for low rates on a 30-year fixed rate mortgage, the cheapest place to find it is usually the conforming mortgage market. Conforming mortgages are appropriately named; they “conform” to the mortgage underwriting guidelines of Fannie Mae or Freddie Mac. Mortgages that meet these…

Read the full post at http://www.themortgagereports.com

Continued here:
The 2009 Conforming Loan Limits Show No Change From 2008, 2007 or 2006

It’s November 5. Happy Birthday, Flux Capacitor.

Read the full post at http://www.themortgagereports.com

Excerpted from:
The Temporal Junction Point For The Entire Space-Time Continuum

October 2008 was among the most volatile months in Wall Street’s history and mortgage markets got hit by the chaos badly. As investors moved cash in-and-out of stocks, bonds, and treasuries to keep ahead of financial turmoil, home buyers in Cincinnati, Chicago and elsewhere saw their mortgage rate…

Read the full post at http://www.themortgagereports.com

See the original post:
You Have 3 Hours, 11 Minutes To Shop For Your Mortgage Rate, Or Else You’ll Have To Start The Process Over Again

The Federal Open Market Committee voted to cut the Fed Funds Rate by one-half percent today. The benchmark interest rate now stands at 1.000 percent. Now, many people assume that because the Fed Funds Rate fells, mortgage rates fell, too. They didn’t. This is a false association; a myth perpetuated…

Read the full post at http://www.themortgagereports.com

More:
Parsing The Fed (October 29, 2008 Edition)

The Federal Open Market Committee adjourns from its 2-day meeting today after which the FOMC will issue its customary press release. The majority of Wall Street expects a Fed Funds Rate cut to 1.000 percent — the lowest level since June 2004. Plus, it’s worth noting that some are calling for an…

Read the full post at http://www.themortgagereports.com

More here:
How Cutting The Fed Funds Rate Helps The U.S. Economy

Another day, another piece of evidence that “waiting for mortgage rates to fall” is a flawed financial strategy. This time, we look at private mortgage insurance. Versus last year, PMI defaults are up 40 percent and mortgage insurers are booking huge losses. In response, they’re taking a page out…

Read the full post at http://www.themortgagereports.com

Excerpt from:
How The Rising Cost Of Private Mortgage Insurance Is Offsetting Falling Mortgage Rates

While Wall Street sells off and Congress implements the Bailout Bill, Wall Street players are changing their expectations for the Fed Funds Rate going forward. Thing is, there’s a complete uncertainty about what the Fed is going to do. In fact, there’s a complete uncertainty about everything and…

Read the full post at http://www.themortgagereports.com

Read the rest here:
The Fed Funds Rate Is Predicted To Fall To 0.750 Percent by October 29, 2008

While Wall Street sells off and Congress implements the Bailout Bill, Wall Street players are changing their expectations for the Fed Funds Rate going forward. Thing is, there’s a complete uncertainty about what the Fed is going to do. In fact, there’s a complete uncertainty about everything and…

Read the full post at http://www.themortgagereports.com

Excerpt from:
The Fed Funds Rate Is Predicted To Fall To 0.750 Percent by October 29, 2008

While Wall Street sells off and Congress implements the Bailout Bill, Wall Street players are changing their expectations for the Fed Funds Rate going forward. Thing is, there’s a complete uncertainty about what the Fed is going to do. In fact, there’s a complete uncertainty about everything and…

Read the full post at http://www.themortgagereports.com

See the original post here:
The Fed Funds Rate Is Predicted To Fall To 0.750 Percent by October 29, 2008

Shortly after Fannie Mae and Freddie Mac were nationalized, there was a lot of “Mission Accomplished”-like chatter on TV; as if suddenly-low mortgage rates were the answer to a national housing problem. Look, low mortgage rates don’t matter if you can’t qualify for them and, on that front, it’s…

Read the full post at http://www.themortgagereports.com

Excerpt from:
Why Mortgage Guidelines Are More Important Than Mortgage Rates

For owners of investment properties, the mortgage market is getting ugly. In its last act as a semi-private company, Fannie Mae updated its lending guidelines Friday, this time slapping new restrictions and additional fees on income-producing properties. The most impactful change is Fannie Mae’s…

Read the full post at http://www.themortgagereports.com

See original here:
Fannie Mae’s Last Act : New Loan Fees And Maximum Property Restrictions For Real Estate Investors

How do you avoid paying jumbo mortgage rates on a jumbo-sized mortgage? You avoid taking your mortgage to a Wall Street lender, that’s how. It’s pretty simple when we break it down. The word “jumbo” is a Wall Street-specific term for home loans larger than $417,000. In certain “high-cost” areas,…

Read the full post at http://www.themortgagereports.com

Originally posted here:
How To Avoid Paying Jumbo Mortgage Rates On A Jumbo-Sized Mortgage