If you were listening to the real estate “rose-colored glasses” crowd, in 2006 you would have heard, “It’s not a slowdown and there is NO bubble. The San Diego market is just going back to ‘normal.’ It’s an excellent time to buy with out the market frenzy of multiple offers & buyers paying over the asking prices.”
Original post:
Key To Purchasing Real Estate in the San Diego Market
McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.93 percent with an average 0.7 point for the week ending September 11, 2008, down from last week when it averaged 6.35 percent. Last year at this time, the 30-year FRM averaged 6.31 percent.
Read the original:
Mortgage Rates Plunge in Freddie Mac Weekly Survey
With all the stock market jitters about Fannie Mae, Freddie Mac and the U.S. mortgage system, you might have the impression that the real estate market is on the edge of some sort of cliff.
Read more from the original source:
Real Estate Outlook: New Home Loan Applications Up
With the Senate poised to pass major housing legislation this week — even as early as tomorrow — critics are taking a harder look at some of the bill’s lesser-known provisions.
Here is the original:
Washington Report: Nationwide Registration?
RealtyTrac’s May 2008 foreclosure report looks terrible in the papers, but there’s good reasons why we don’t get our news from the headlines only. A deeper look at the data shows that the whole country is not being impacted equally. California is home to 8 of the 10 most foreclosure-heavy cities in…
Read the full post at http://www.themortgagereports.com
Go here to see the original:
The 80/20 Rule Of Foreclosures in America (May 2008)
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…
Read the full post at http://www.themortgagereports.com
Continued here:
Bankrate.com Mortgage Trend Index (June 12, 2008)
Members of the Federal Reserve turned up the inflation chatter since late-May and mortgage rates are suffering. Even worse, it’s creating a confusion among home buyers because lender pricing is expiring multiple times daily. As a general rule, inflation is bad for mortgage rates because it causes…
Read the full post at http://www.themortgagereports.com
Excerpted from:
T-Minus 2 Weeks Until The Fed Hikes The Fed Funds Rate?
These photos represent six neighborhoods in America and their respective real estate markets. They are six different neighborhoods with six different feels, each with its own character and flavor. Some have dogs, some are blue, some are smiling — some are young, some are old, some are blurry. Now,…
Read the full post at http://www.themortgagereports.com
Read more from the original source:
Using Mosaics To Show Why There’s “National Real Estate News” Is Useless
These photos represent six neighborhoods in America and their respective real estate markets. They are six different neighborhoods with six different feels, each with its own character and flavor. Some have dogs, some are blue, some are smiling — some are young, some are old, some are blurry. Now,…
Read the full post at http://www.themortgagereports.com
View original post here:
Using Mosaics To Show Why “National Real Estate News” Is Useless
If you look at the mortgage rate environment over the last six months, not much has changed. 30-year fixed rates are still hovering near 6 percent 7-year ARMs are a little lower than 30-year fixed rates 5-year ARMs are a little lower than 7-year ARM rates Overall, nothing much has changed. But on a…
Read the full post at http://www.themortgagereports.com
Continued here:
Why Even “The Gamblers” Are Asking To Lock Mortgage Rates As Early As Possible
This ad plays up a long-standing American fear — that credit inquiries will drop a person’s credit score below a hypothetical mortgage “approval line”. It’s “fear-selling” at its worst and tactics like this are for weak salesmen looking for weaker customers. Because the best way to combat fear is…
Read the full post at http://www.themortgagereports.com
Continued here:
“We Do Not Pull Credit” Is Not A Selling Point, It’s A Sales Tactic
Fannie Mae’s new mortgage guidelines rightfully scrutinize buyers and owners of condominiums. Since late-2007, mortgage markets have a new emphasis on collateral, or the value of the underlying property, and in a condo building, collateral can be wiped out for reasons beyond the borrower’s control:…
Read the full post at http://www.themortgagereports.com
Why New Construction Condo Mortgage Guidelines Should Be Granted “Special Exceptions”
This weekend, Fannie Mae is overhauling its mortgage approval system. Earning an “Approve/Eligible” is going to be decidedly tougher than in the past. For home buyers that have been in the market since January, this is not news; Fannie has been steadily trimming its serviceable market. Its changes…
Read the full post at http://www.themortgagereports.com
Go here to read the rest:
Fannie Mae Cheatsheet : New Guidelines Start Monday, June 2, 2008
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…
Read the full post at http://www.themortgagereports.com
See the original post:
Bankrate.com Mortgage Trend Index (May 29, 2008)
Crude oil crossed $130 per barrel last week, taking gas prices along for ride. Over the last 90 days, unleaded gas is up 25 percent and appears to be heading higher. Americans are battered by higher pump prices but are still living their lives. Unfortunately, the mainstream media throws salt on the…
Read the full post at http://www.themortgagereports.com
View original post here:
Why $150 Crude Oil Won’t Matter (And Why $200 Crude Oil Won’t Matter, Either)
