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Wednesday, December 28, 2011
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Mortgage And Real Estate News | ||
Mortgage Rates Bounce But Remain Lower on The Week The top tier 30yr fixed mortgage rate index rose 0.04% on Friday, which would be a medium-sized defeat in and of itself. In the broader context, however, it was an acceptable adjustment on what has ot... | ||
Purchase Demand Near 2 Year Highs; Refis Bounce Back After a Memorial Day-induced lull, mortgage application activity rebounded sharply last week, according to the Mortgage Bankers Association’s (MBA) latest survey. Both purchase and refinance demand cl... | ||
2nd Lien Reverse, Borrower Aid, Legal Counsel Products; FHA, USDA, VA Chang... Hey, for you LOs who think things are slow, you can always go into golf. The best example of this is ex-LO Ben Griffin who has racked up $11 million in PGA winnings! A large number of professional ath... | ||
Lowest Mortgage Rates in More Than a Month Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early May. In other words, today's average rate is... | ||
Correspondent, Jumbo, POS Tools; Fairway/Hallmark Deal; HELOC, 2nd, Non-QM ... “I was always a home builder, but lately I’ve developed an apartment complex.” Here in Florida, so many structures are made of stucco because stucco is fairly inexpensive, creates a great finished loo... | ||
Mortgage Rates Fall as Inflation Data Comes in Soft After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning's release of the Consu... | ||
Processing, Non-QM, LOS, Warehouse Tools; Legal Firm and Compliance News Here in Tampa, I was walking through the hotel bar last night when I overheard someone say, “Age 60 might be the new 40, but 9:00 PM is the new midnight.” True dat. (There is also plenty of attention ... | ||
Mortgage Rates Inch Slightly Lower It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates. After Friday's larger spike, we've seen a microscopic recovery on each of the past 2 days.... | ||
LO Survey; Dashboard, MERS Audit, POS, Sevicing, Audit Tools; LOs and Real ... “Why is Ireland so expensive? House prices are always Dublin'.” Those days are temporarily over in the United States, and the pendulum is quickly swinging to more inventory and price cuts in many plac... | ||
Mortgage Rates a Hair Lower to Start The Week As hoped, Friday's big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less... | ||
Fee Cure, Short-Term Rental Appraisal, Servicing, Move-Up Products; Freddie... For the next several days I am in Florida, in mortgage meetings and the MBAF, and in Saturday’s Commentary I noted the intense flurry of conference activity this week and last (“the MBA’s Chairman’s C... | ||
Mortgage Rates Jump Back Toward 7% After Jobs Report Mortgage rates have enjoyed a nice run since May 21st, with the MND Index (average top tier 30yr fixed scenarios) falling from a recent peak of 7.08% to this week's low of 6.87%. As recently as yester... | ||
Application Demand Ebbs For Both Purchases and Refis The Mortgage Bankers Association’s (MBA) latest survey showed a pullback in mortgage applications, with rates dipping slightly after a three-week climb. The week’s numbers were also affected by the Me... | ||
Correspondent, Warehouse, HELOC, Broker, Coaching Products; Training and Ev... Today is the 81st anniversary of D-Day. “My granddad was responsible for 25 downed German planes in WW II. To this day, he is still known as the worst mechanic the Luftwaffe ever had.” On the annivers... | ||
Mortgage Rates Little Changed, But Friday Could See a Bigger Move Mortgage rates began the day perfectly in line with yesterday's latest levels for the average lender. By the afternoon, the underlying bond market had lost enough ground that a handful of lenders were... | ||