First Time Home Buyers
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Mortgage rules change (again) on Tuesday as Fannie Mae is rolling out their new lending guidelines Tuesday, September 1, 2009.
Changes to the home loan approval guidelines: Stock options are no longer eligible for ‘reserves’…a function of market volatility. Relocating families can’t use the ‘trailing’ spouse’s projected income…a [...]
Continue Reading →Mortgage bonds are making a charge after last week’s five-day mess. Again, we want bond prices as high as possible to make rates as low as possible. Green=Good, Red=Bad. Last week was very bad.
Friday morning’s sell-off was incredible, but so too was the recovery off of the lows.
Coming into Monday, we saw that [...]
Continue Reading →For the first time in nearly six months, Fannie Mae is imposing strict, new guidelines on American homeowners.
This time, the hardest hit demographic is owners of 2-unit homes.
In its official announcement, Fannie Mae listed the following changes to its 2-unit financing programs, separated by [...]
Continue Reading →The mortgage rates for FHA and conforming loans have moved closer recently.
When we look at someone with perfect credit, single-family home and a 10% down payment, these loans are currently offering essentially the same rates in the low 5′s.
Continue Reading →Expert Analysis Compliments of Barry Habib at Mortgage Market Guide.
Introduction
I have heard it over and over; people in the financial media presenting information on the bond markets continually make erroneous assumptions about the relationship of mortgage interest rates with US Treasury Bond and Note prices. This happens because these financial reporters may understand [...]
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