Mortgage Rates Slip To New, Lifetime-Lows After May 2013 FOMC Statement
By Dan Green | Reposted from themortgagereports.com Mortgage rates are dropping as the Federal Open Market Committee (FOMC) adjourns from its third meeting of the 2013. In its post-meeting press release, the Fed described the U.S. economy as expanding “at a moderate pace” over the past six weeks, buoyed by strengthening housing and labor markets. [...]
Buy A Home In The Winter? Consider The Advantages.
By Dan Green | Reposted from themortgagereports.com Winter is often a “slow period” in the housing market; a time characterized by fewer home buyers and a potential lull in prices. This winter, however, home values appear to be holding steady. First-look housing market data from Clear Capital suggests that the January markets remains buoyed by [...]
Mortgage Rates Improve after yesterdays January 2013 FOMC Statement
Reposted from http://themortgagereports.com by Dan Green This week’s FOMC meeting has adjourned with no change to key short-term interest rates or the Fed’s bond buying program. The lack of a change to interest rates was widely expected, but there was a lot of debate about the Fed maintaining their current stimulus programs. The news of [...]
Mortgage Rates Respond To December 2012 FOMC Statement
By Dan Green (NMLS #227607) for themortgagereports.com Mortgage rates are worsening after the Federal Reserve’s December 2012 FOMC meeting. For the third straight meeting, the nation’s central banker described the U.S. economy as improving; expanding “at a moderate pace”. The group also re-affirmed its plan to buy mortgage-backed bonds as a means to suppress mortgage rates [...]
Will 2013 Be the Time for Home Buyers to Jump?
By RACHEL LOUISE ENSIGN for The Wall Street Journal This New Year’s, you may want to make a resolution to go house hunting. Home prices are finally starting to recover, but they’re still low enough to get a great deal. Add to that interest rates that are at historic lows, and 2013 may be the [...]
Run the Refinancing Numbers, Then Run Them Again
Reposted from the New York Times by Tara Siegel Bernard With mortgage rates at tantalizing lows, homeowners are trying to refinance their loans in droves. Should you join the crowd? If you have top-notch credit, substantial home equity and expect to stay in your home for several years, refinancing may make financial sense. You probably [...]
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 [...]
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 You Need to Know to Get a Mortgage
By ALINA TUGEND Reposted from the New York Times GETTING a mortgage used to be as easy as choosing the right color paint for a new home. Don’t have stellar credit? No problem. No verified income? Step right over here. High debt-to-income ratio? Sign on the dotted line anyway. “Two years ago, we had a [...]
Mortgages Tumble Near Record Lows Again
Mortgage rates tumbled this week as investors awaited moves by the world’s major central banks. The drop put rates near record lows again and ended a four-week streak of increases, giving borrowers some extra time to grab a low rate. The benchmark 30-year fixed-rate mortgage fell to 3.8 percent from 3.91 percent, according to the [...]
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