Real Estate Blog

I spoke with Beejal Patel of First Business last week on Fannie Mae and Freddie Mac’s new mandatory loan fees. The story is especially timely because mortgage servicing data showed that a greater number of “prime” mortgages defaulted in July 2008 than sub-prime ones. Now, the data is somewhat…

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Interview With First Business : New Fannie Mae and Freddie Mac Loan Fees

I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. As a reminder: The survey is for conforming loans only. I welcome emails from readers about purchase or refinance plans. I twitter market updates a few times daily. Follow me, if you…

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Bankrate.com Mortgage Trend Index (July 10, 2008)

Here’s a secret about rate shopping: all loan officers worth their salt give “great rates” because, otherwise, we’d be out of business. Most mortgage rates are a commodity, after all, so their levels are set by the market — not by the lender. This is why home buyers would be well-served to get…

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The Tangible Difference That A Good Loan Officer Can Make

Let’s Start With The Conclusion If you plan to buy a new home in 2008 or 2009, give a lot of thought to moving up your timeframe. Mortgage approvals are about to get more scarce and more expensive for everyone. The Supporting Evidence From The News FHA is increasing its mortgage insurance premiums…

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12 Bullet Points That Matter To Every Home Buyer In America

I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. As a reminder: The survey is for conforming loans only. You’re welcome to email me about your pending plans to purchase or refinance. I twitter market updates a few times daily. Follow…

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Bankrate.com Mortgage Trend Index (July 3, 2008)

The trend is still holding, so to hammer the point home: to know what mortgage rates are doing lately, just check the stock market. As stocks go down, mortgage rates go down As stocks go up, mortgage rates go up This is not a long-term, direct relationship by any means but it’s holding true this…

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Getting Mortgage Rates Clues From The Stock Market

If you spend time researching mortgage rates online, you’ll eventually trip onto one of the following Web sites that tout “national rates” for mortgage borrowers: Freddie Mac’s Weekly Mortgage Rates Bankrate.com’s National Overnight Average HSH’s Mortgage Rate Survey Unfortunately, none of the…

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Why You Can’t Get Your Rate Quote From Freddie Mac’s Weekly Survey

Home buyers and other people in the market for a new mortgage should be thanking the Fed right now. In its post-meeting press release last week, the Federal Open Market Commitee made a few choice statements about the economy that helped mortgage rates fall for the first time in 6 weeks. The first…

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How To Track Mortgage Rates Using The Stock Market (This Week)

Consumer confidence is registering all-time lows and it’s no surprise why. Americans are bombarded by bad economic news day after day. Gas prices reach new highs Stock prices reach new lows Lenders are getting sued The weight of the gloom drags down the economy and the press is quick to report on…

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Why Short-Term Trends In Housing Are Super-Important To Home Buyers

I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. As a reminder: The survey is for conforming loans only. You’re welcome to email me about your pending plans to purchase or refinance. I twitter market updates a few times daily. Follow…

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Bankrate.com Mortgage Trend Index (June 26, 2008)

Look, if you want to highlight the negatives, here it is: Since last year, home prices are down. Duh. But, if you want to look at the positives, take a close look at this chart. It’s doctored up a bit, but taken directly from the S&P/Case-Shiller Home Price Index report. April is the second…

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The Media Could Be Spreading Hope For Housing, But Instead It’s Selling Fear (Case-Shiller Home Price Index Version)

Look, if you want to highlight the negatives, here it is: Since last year, home prices are down. Duh. But, if you want to look at the positives, take a close look at this chart. It’s doctored up a bit, but taken directly from the S&P/Case-Shiller Home Price Index report. April is the second…

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The Media Could Be Spreading Hope For Housing, But It’s Choosing To Sell Fear Instead (Case-Shiller Home Price Index Version)

There were two news pieces written on FHA home loans today. Separately, they’re interesting but uneventful. Together, they could be a harbinger of tougher times ahead for two groups: Home buyers that use FHA financing American taxpayers that fund the FHA The first FHA story was front page in the…

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FHA Loans May Get Tougher Soon — Just Like Conforming Loans Did

Each morning, I’m here with new blog content for my loyal readers, but it’s TypePad’s blogging platform that is here for me. I rely on TypePad for its simplicity and reliability. I know but one other blogging company that does as much for its members. And that’s why I’m honored (and humbled) that…

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The Mortgage Reports : Featured TypePad Blog

The pace at which mortgage rates change each day is quickening. This pie chart puts it in pictures. In the last 2 months, mortgage rates changed mid-day nearly 75 percent of the time. This means that an offered rate at 9:00 A.M. is likely expired by 4:00 P.M. (and has probably even spoiled by High…

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The 72.73 Percent Probability For Morning Mortgage Rate Quotes