Currently viewing the tag: "Credit Crunch"

Mortgage Rate Predictions: Week of April 26, 2010 (We Cheated)

On April 28, 2010 By

We cheated.  Admittedly.  After years of weekly on Mondays, our track record is pretty good.  This week we were blindsided and it delayed this week’s predictions.

Last week saw higher rates on FHA, conventional, and adjustable rates–everything ticked higher.  Volcanic ash cleared [...]

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The Credit Crunch Is Behind Us

On March 24, 2010 By

We’re 18 months removed from the Lehman Brothers weekend surprise that made a bad situation worse. Almost overnight, credit completely dried up.

It is changing.

Let’s look at this in context. Towards the end of the last boom, there was almost no distinction between good and [...]

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Are Mortgage Approvals Getting Easier?

On August 18, 2009 By

Without a doubt, a different level of buyer is considered exceptional these days, but it looks like the credit tightening is slowing down.

The surveys member banks asking whether “prime” residential mortgage guidelines have tightened in the current quarter.

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