Latest Mortgage News

Vote Mortgage Rates Mixed After Scattered Lender Reprices www.mortgagenewsdaily.com — Much like yesterday, mortgage rates rallied early this morning following weak housing data. Much like yesterday, mortgage rates came under pressure in the lunch hours today as mortgage-backed securities prices fell from intraday highs. Tags: mortgage rates 1 point, submitted 1 week ago by John Martin 1 comment

Vote Existing-home sales plunge 27.2% in July Economic Report - MarketWatch www.marketwatch.com — The sale of existing U.S. homes sank 27.2% in July -- the biggest one-month drop ever -- largely because of the phase-out of a federal tax credit, according to an industry trade group. Tags: federal tax credit 1 point, submitted 1 week ago by John Martin 1 comment

Vote Fixed-rate mortgages break record low: www.marketwatch.com — CHICAGO (MarketWatch) -- Rates on fixed-rate mortgages dropped this week, according to Freddie Mac's weekly survey of conforming mortgage rates. It's the ninth week in a row that fixed-rate mortgages have met or set a record low, according to Freddie Tags: fixed rate mortgages 1 point, submitted 1 week ago by John Martin 1 comment

Vote Homebuyer Tax Credit Closing Deadline Has New Life www.mortgagenewsdaily.com — Today, the House of Representatives passed an extension of the $8,000 homebuyer tax credit for first time homebuyers. The extension was set to expire at the end of June. Tags: homebuyer tax credit 1 point, submitted 2 months ago by John Martin 46 comments

Vote June 30 Deadline Looms for Tax Credit Closings www.mortgageloan.com — The biggest date on the mortgage calendar right now is June 30. That’s the deadline for closing a home sale to qualify for the federal homebuyer tax credits. Tags: homebuyer tax credit 1 point, submitted 2 months ago by John Martin 47 comments

Vote Why Are Mortgage Rates Still So Low? www.mortgageloan.com — Why are mortgage interest rates still so low? According to conventional wisdom, interest rates were supposed to begin creeping up in April, right after the Fed quit buying mortgage-backed securities. Instead, they’ve lower than ever. Tags: mortgage rates 1 point, submitted 2 months ago by John Martin 45 comments

Vote Fannie Mae's new Loan Quality Initiative (LQI) www.boston.com — Fannie Mae’s new Loan Quality Initiative (LQI) mandates become effective on June 1, 2010. Tags: fannie mae LQI mortgage 1 point, submitted 3 months ago by John Martin 3 comments

Vote Fight back against a low home appraisal - MarketWatch www.marketwatch.com — CHICAGO (MarketWatch) -- A low appraisal can kill a home sale Tags: home appraisal 1 point, submitted 3 months ago by John Martin 48 comments

Vote Fixed-rate mortgages at lowest in six weeks Mortgages - MarketWatch www.marketwatch.com — Rates on fixed-rate mortgages were at their lowest levels in six weeks, according to Freddie Mac's weekly survey of conforming mortgage rates, released on Thursday. Tags: rate mortgages 1 point, submitted 4 months ago by John Martin 47 comments

Vote Fixed-rate mortgages move little this week Mortgages - MarketWatch www.marketwatch.com — Rates on the 30 year fixed-rate mortgage averaged 5.07% this week, unchanged from last week, according to Freddie Mac's weekly survey of conforming mortgage rates. The mortgage averaged 4.80% a year ago. Tags: 30 Year Fixed 1 point, submitted 4 months ago by John Martin 62 comments

Vote Status of the MBS Market Without the Fed: Stage 1 Complete www.mortgagenewsdaily.com — If you missed the post which discussed yield spreads and the secondary market current coupon: HERE IT IS. Reading and understanding this content will undoubtedly help mortgage rate watchers better understand the underlying causality of movements in m Tags: mbs mortgage rates 1 point, submitted 5 months ago by John Martin 52 comments

Vote 30 year fixed rate mortgage rises above 5% Mortgages - MarketWatch www.marketwatch.com — (MarketWatch) -- Rates on 30-year fixed-rate mortgages rose to their second highest level of the year this week, averaging 5.08%, according to Freddie Mac's weekly survey of conforming rates. Tags: 30 year mortgage; 1 point, submitted 5 months ago by John Martin 42 comments

Vote 30-year fixed-rate mortgage remains under 5% Mortgages - MarketWatch www.marketwatch.com — Mortgage rates inched higher this week, following bond yields, but the 30-year fixed-rate mortgage managed to stay just below 5% Tags: mortgage rates 1 point, submitted 5 months ago by John Martin 42 comments

Vote 30 year fixed rate mortgage averages 4.96% Mortgages - MarketWatch www.marketwatch.com — CHICAGO (MarketWatch) -- Rates on fixed-rate mortgages moved very little this week, with 30 year fixed rate mortgages averaging 4.96%, according to the latest Freddie Mac survey of conforming mortgage rates, released Thursday Tags: 30 Year Fixed Rate 1 point, submitted 5 months ago by John Martin 51 comments

Vote 10 Days Left in Fed's MBS Purchase Program. www.mortgagenewsdaily.com — The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed rate agency MBS securities guaranteed by Fannie Mae, Freddie Tags: fixed rate mortgage 1 point, submitted 5 months ago by John Martin 71 comments

Vote 30 year fixed rate mortgage back below 5% Mortgages - MarketWatch www.marketwatch.com — CHICAGO (MarketWatch) -- Average rates on 30-year fixed-rate mortgages fell back below 5% this week, returning to match levels seen two weeks ago, Freddie Mac's chief economist said on Thursday. Tags: 30 year fixed mortgage rates 1 point, submitted 6 months ago by John Martin 3 comments

Vote Mortgage Rates Hold Near 2010 Lows. www.mortgagenewsdaily.com — Mortgage rates ended last week near the lows of 2010 as mortgage backed securities prices rallied higher in the first half of the day. Tags: mortgage rates 1 point, submitted 6 months ago by John Martin 5 comments

Vote Mortgage Rates: Only One Way to Go www.ritholtz.com — There’s been plenty of speculation about what will happen to mortgage rates if and when the Federal Reserve wraps up the last of its planned purchases under the $1.25 trillion Mortgage-Backed Security (MBS) purchase program Tags: mortgage rates 1 point, submitted 6 months ago by John Martin 9 comments

Vote 30 year fixed-rate mortgages rise to above 5% Mortgages - MarketWatch www.marketwatch.com — CHICAGO (MarketWatch) -- For the first time in three weeks, rates on 30 year fixed-rate mortgages rose to above 5%, according to Freddie Mac's weekly survey of conforming mortgage rates. Tags: 30 Year Fixed mortgages 1 point, submitted 6 months ago by John Martin 4 comments

Vote Is it time to give up your adjustable-rate loan? - MarketWatch www.marketwatch.com — CHICAGO (MarketWatch) -- Low mortgage rates over the past year have inspired many Americans to refinance their home loans, but some eligible borrowers haven't made the leap. Tags: low mortgage rates refinance 1 point, submitted 6 months ago by John Martin 4 comments

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