Posts Covering Mortgage News
August 20, 2014
Is it a good time to buy? Or to sell? Consumers have no idea, it turns out. Read more on the Fannie Mae National Housing Survey, and get today's live rates.
August 6, 2014
Purchase loans outnumber refinances, and are more likely to get approved. Analysis on the shift and what it takes to get approved, plus today's live mortgage rates.
June 18, 2014
More homeowners believe it's a "good time to sell". Read why today's buyers are finding great bargains, and what they think's next for mortgage interest rates.
June 10, 2014
Purchase mortgages now outnumber refinances. Analysis on the shift, what it takes to get approved, and today's live mortgage rates.
April 17, 2014
Loan closing costs rose 6% in 2013 and are rising in 2014, too. Falling mortgage rates are offset by higher fees. State-by-state analysis.
April 9, 2014
Purchase mortgages now outnumber refinances. Read analysis on the shift, how underwriters affect outcomes, plus today's live mortgage rates.
January 16, 2014
Fannie Mae survey shows how renters and homeowners are approaching the 2014 mortgage market. See predictions, and get live mortgage rates.
November 22, 2013
Purchases outnumbered refinances for the 4th straight month. With home prices rising and HARP 3 on the horizon, the trend may soon reverse.
October 8, 2013
Recent Fannie Mae survey of 1,000 U.S. households explains buyers and seller behavior patterns. What to do and what's next for 2014.
July 22, 2013
Refinance mortgage activity has grown this year, but demand for purchase money loans has grown even faster. See stats from June 2013.
January 27, 2013
Appraisals are rarely needed for HARP and FHA Streamline Refinance transactions.
August 11, 2012
Fannie Mae, Freddie Mac and the FHA are returning to profitability. Rising home prices and falling delinquencies are primary reasons.
August 8, 2012
Jobs and housing are trailing market indicators. Both have made slow, steady growth since late-2011, and, finally, mortgage rates may be catching up.
August 7, 2012
Homeownership rates are climbing within three age-group brackets. Meanwhile, rental vacancies are down nationwide.
August 5, 2012
You can still close a mortgage in 30 days these days. It may not be worth the risk of trying, however.
July 30, 2012
The FHA is planning to relax its condominium approval requirements, opening FHA mortgages to millions of U.S. home buyers.
July 28, 2012
Flush with volume, some of the nation's largest FHA lenders are refusing to refinance loans currently held by rival banks.
July 25, 2012
In San Bernardino, California, government officials want to seize and restructure up to 30,000 mortgages in the community.
July 24, 2012
HARP 2 refinances are picking up, with Nevada, Michigan and Arizona leading the charge. California is not far behind.
July 18, 2012
In May, 1 in 5 mortgage refinances were via the HARP program. With low rates and loose guidelines, that number is expected to grow.
July 11, 2012
Rising rents have made it cheaper to own and finance a home in nearly every U.S. city than it is to rent one.
July 9, 2012
Reports are emerging that LIBOR was "fixed" late last decade. U.S. homeowners were among those who benefitted.
July 8, 2012
The Basel III Accord threatens low mortgage rates. By reducing mortgage servicing values, consumers can expect higher rates and loan costs as soon as next month on all loans types -- conventional, VA, FHA, USDA and jumbo.
July 6, 2012
A bevy of housing data all points to the same conclusion -- housing bottomed in Fall 2011. The housing recovery is underway.
July 5, 2012
Payroll company ADP suggests that June's Non-Farm Payrolls report will exceed Wall Street expectations by a large margin. Mortgage rates would rise sharply on the news.
July 4, 2012
Banks are pulling the FHA Streamline Refinance product from their lending menus en masse. If you have an FHA mortgage, get started with your refinance ASAP. Wait too long, as you may not have a bank at which to refinance.
July 3, 2012
Mortgage rates remain volatile. Light holiday trading volume is exacerbating the effect. Heads-up on the EU and June's jobs report.
July 1, 2012
By 2020, Hispanic-American buyers will account for 50% of all first-time home buyers
June 28, 2012
U.S. mortgage rates will be sensitive to rhetoric coming out of Brussels, and mortgage rate shoppers may get surprised with higher rates.
June 28, 2012
The government has issued guidance for how to work with military homeowners who have received Permanent Change of Station orders.
2014 Conforming & FHA Loan Limits
Mortgage loan limits for every U.S. county,
as published by Fannie Mae & Freddie Mac, and the FHA.