What Will Happen with Massachusetts Mortgage Rates this Week? 10/29th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, the single most important day is likely to be Thursday or Friday. In addition to the economic reports, I believe stocks will experience volatility that will also impact bond trading. The key to the week will be Friday’s employment numbers, but any significant swings [...]
FHA Mortgage Rates Make New Lows
By Dan Green (NMLS #227607) for themortgagereports.com FHA mortgage rates have dropped sharply since the start of the year, making new, all-time lows nearly weekly. Despite falling FHA mortgage rates, though, the annual cost of an FHA mortgage is mostly unchanged, the result of rising FHA mortgage insurance premiums. The “effective interest rate” of an [...]
SmarterBorrowing.com Recognized by Boston.com and the Mass Real Estate Law Blog
I am thrilled that SmarterBorrowing.com was mentioned on boston.com’s Boston Real Estate Now website. Take a look at the article where Attorney Richard Vetstein of the Massachusetts Real Estate Law Blog discusses his Top 10 Real Estate Internet Resources.
Mortgage Rates: Improve On Housing, No Quick Fix In Spain
By Dan Green (NMLS #227607) for themortgagereports.com Mortgage-backed securities (MBS) improved Friday, breaking a 4-day losing streak. The FNMA 3.0 coupon climbed -12/32 to close at 104.19. The GNMA 3.0 coupon rose +11/32 to close at 106.01. Mortgage rates of all types improved Friday. Conforming mortgage rates returned to mid-week levels, and FHA and VA [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 10/22nd
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it will likely be a fairly calm early part of the week but very active latter part for the markets and mortgage rates. I believe that the single most important day will probably end up being Friday with the extremely important GDP release in [...]
Refinancing Spikes as Mortgage Rates Fall
By ANN CARRNS. Reposted from the New York Times Bucks Blog. Is it time to think about refinancing — or perhaps, re-refinancing? Mortgage refinancing jumped to a three-year high, as interest rates on home loans dropped to new lows, according to a weekly industry survey from the Mortgage Bankers Association. Mortgage applications overall increased 16.6 [...]
Why Home Refinancing Boom Is Different This Time
Reposted from CNBC.com -By CNBC’s Diana Olick U.S. home owners are refinancing their mortgages at the fastest clip since 2005, but the difference now is they are putting cash in, not taking it out. At the going rate, 25 percent of all first-lien U.S. mortgages will be refinanced this year, according to LPS Applied Analytics. [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 10/15th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it appears that Monday or Tuesday are the likely candidates for the most important day of the week. In addition to the economic data, there are many companies posting earning reports during the week, including some big names such as Citigroup, IBM and Intel. [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 10/8th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, I am expecting to see a fair amount of movement in mortgage rates again this week, but the biggest changes will likely come the latter part of the week. The key economic report is Friday’s PPI but the Fed’s Beige Book also has the [...]
Rates Dive : Refi Your Mortgage If You Can
By Polyana da Costa for Bankrate.com The Fed has handed mortgage borrowers a once-in-a-lifetime opportunity. Mortgage rates have plummeted to the lowest levels in modern history, opening the doors to new groups of refinancers and surprising many homebuyers. The benchmark 30-year fixed-rate mortgage fell to 3.55 percent from 3.7 percent, according to the Bankrate.com national [...]
bc@smarterborrowing.com 617.771.5021
