From the monthly archives: June 2009

How Accurately Did Economists Predict 2009

On June 30, 2009 By

At the start of the year, the “experts” made a lot of predictions about the U.S. and what to expect in 2009.

Some said housing would rise Some said housing [...]

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Mortgage Rates – Tuesday, June 30, 2009

On June 30, 2009 By

are struggleling through a choppy day right now.  Overall, the same rate from a quote on Monday would now cost approximately 10 basis points more.  On a $250,000 loan, this is roughly an increased discount fee of $250.

Rate% Points in $ Standard Fees [...]

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FAQ on FHA: Condo Spot Loan Reserve Requirement

On June 29, 2009 By

As has become the defacto source for lower downpayment loans, we’re having questions that didn’t used to come up.

For FHA loans on condominiums, the condo association must have reserves that are equal to or greater than [...]

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Mortgage Rates – Monday, June 29, 2009

On June 29, 2009 By

for today open right in line with Friday’s close.

Current mortgage rates hover in the low 5′s and are battling with resistance against 200 day moving average.

Rate% Points in $ Standard Fees Total Fees APR 4.750% $ 5,331.00 $ 1,575.00 $ 6,906.00 4.95% [...]

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What's driving mortgage rates : June 29, 2009

On June 29, 2009 By

Mortgage markets improved last week on the heels of benign economic data and a non-inspired press release from the .

Aside from trader momentum, 3 market-moving events helped set the pace last week:

data hinted at [...]

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Good Signs for Housing–Builders Are Clearing Out Their Inventory

On June 26, 2009 By

If you only saw the headlines this week, you may have missed another positive sign in the market.

According to the Census Bureau, the supply of newly-built homes for sale in May, its lowest level in 10 months.

Unfortunately, the [...]

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A Simple Explanation Of The Federal Reserve Statement (June 24, 2009 Edition)

On June 24, 2009 By

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent.

The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion.

In , the FOMC noted that the U.S. Continue Reading →

3 More Signs Of A Strengthening Housing Market

On June 24, 2009 By

The market got another dose of good news yesterday.

According to the National Association of REALTORS, the number of homes sold in May increased for the and the national housing supply fell by 5 months.

Furthermore, first-time home buyers [...]

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What's moving mortgage rates for June 22-26, 2009

On June 21, 2009 By

Mortgage markets finished out the week unchanged last week but that’s not to say that stayed flat.

From day-to-day, mortgage rate shoppers were on a veritable r’oller coaster.

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How To Fight Mortgage Rate Volatility

On June 19, 2009 By

are suffering through another volatile week, causing problems for rate shoppers and home buyers.

After falling Monday and Tuesday, mortgage rates surged Wednesday and Thursday. The momentum higher appears to be carrying into the weekend, too.

There are several data-related reasons for the mortgage [...]

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