Browse by Tags

All Tags » Rates   (RSS)
12 March 2010
Rates still below 5%
Mortgage rates held below the 5 percent threshold, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a 30-year fixed rate mortgage was 4.95 percent this week, down from 4.97 percent a week earlier. Read More...
0 Comments
Filed under: ,
 
04 March 2010
Jumbo Rates Drop
The average interest rate on 30-year fixed-rate jumbos dropped to 5.79%, a nearly five-year low , according to rate tracker Informa Research Services of Calabasas. It edged up to 5.88% on Tuesday, still very attractive by historical standards. The average Read More...
0 Comments  
24 February 2010
Loan Products are still abundant...even for Self-Employed!!
Here is a list of the LOAN programs that are still available. Even if you are Self Employed!! - Stated Income Verified Assets- UP TO 60% LTV (Self Employed Only) - Verification Of Employment ONLY (VOE - NO INCOME, NO 4506T) - UP TO 80% LTV (Wage Earner Read More...
0 Comments  
23 November 2009
Last week in Review:11/23/09
The media's recent analysis of the economy has run the gamut of late, some optimism, some pessimism...but also some confusion as they attempt to decipher recent economic reports, particularly relating to the job market. Let's look at a few of Read More...
0 Comments  
18 November 2009
Fed Scaling Back Bond Buys..this affects Interest Rates!
Last week (11/13) the Federal Reserve stepped in with more buying of Mortgage Backed Securities (MBS), helping Bond prices recover from news of a weak Treasury Auction. Overall, home loan rates bounced around last week and ended the week very slightly Read More...
0 Comments  
03 October 2009
Rates slightly lower
Mortgage rates started off the week slightly lower and followed the trend down all week long as stocks fell due to a mix of profit taking and worse-than-expected economic data. This data included lower-than-expected housing numbers and a weak manufacturing Read More...
0 Comments
Filed under:
 
18 September 2009
10-year note fell to as low as 3.36%
INTEREST RATE UPDATE Current Trend Direction: Moving Sideways Risks Favor: Locking on the Dips Mortgage rates are lower this week as the yield on the benchmark 10-year note fell to as low as 3.36%, despite the continued rise in stocks. This week brought Read More...
1 Comments  
31 July 2009
Lender Questions-My Interview with Dean Wong at First Capital Mortgage
It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean: Great Tom Tom: 1).I have heard that there are some changes Read More...
1 Comments  
27 June 2009
Rates edge up June 24,2009
The benchmark 30-year, fixed-rate mortgage edged up 4 basis points, to 5.8 percent , according to a national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of Read More...
0 Comments  
15 June 2009
:June 15, 2009::Forecast for the Week
Tuesday and Wednesday should also bring us a clearer picture of where things stand on the inflation front. Tuesday brings the wholesale price inflation measuring Producer Price Index (PPI) Report, while Wednesday delivers the inflation news on the retail Read More...
0 Comments  
08 June 2009
Forecast for the week June 08,2009
In terms of economic reports, Thursday will be the big day this coming week. We'll learn more about the health of the retail sector via the Retail Sales Report for May . April's Retail Sales Report was worse than expected and marked the eighth Read More...
0 Comments  
08 January 2009
Rates Fall to Record Low of 5.01%
The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
0 Comments  
15 December 2008
Fed to Cut the Fed Funds Rate
This week, look for the Fed to cut the Fed Funds rate (the rate for overnight loans between banks) by a half point, to 0.50 percent. While a cut by the Fed often causes home loan rates to rise (because a Fed cut can lead to inflation, which is the arch Read More...
0 Comments
Filed under: , ,
 
15 October 2008
Multi-Family Financing Available and Reasonable
Permanent Financing Availability, Cost Remains Reasonable. The MULTI-FAMILY SECTOR is relatively isolated from Wall Street. But REITs (Real Estate Investment Trusts) are being impacted. Their dividend yield rate is falling, which is making it difficult Read More...
0 Comments  
15 October 2008
Fed Cuts Rate by .50==Multi-Family Financing Still Unknown
Fed Cuts Rate by 50 Basis Points, Impact on Multi-Family Financing Still Unknown The Federal Reserve today ordered an emergency interest rate cut of half a percentage point , knocking the key rate down to 1.5 percent. The Fed fund rate is the interest Read More...
0 Comments  
More Posts Next page »