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Category | Mortgage News

Higher Conforming and FHA Loan Limits May Increase

Some good news for homeowners as the Senate voted yesterday to approve a measure that would restore the high balance conforming loan limit to $729,750 in high cost areas. The amendment was added to a spending bill by Senator Robert Menendez and was approved 60-31 in the Senate. If the larger spending bill is approved, […]

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Mortgage Update for October 20th, 2011

The Federal Reserve issues the Beige Book, which is a snapshot or summary of business conditions in each of the Fed’s 12 regional bank districts, eight times a year. Since each district may contain different types of economic activity in various industries, each district lends its own unique feedback to the Beige Book. The Fed […]

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Mortgage Outlook for the Week of October 17, 2011

We’ve seen mortgage rates trend upward over the past two weeks coming off of all time historical lows. This has been fueled by a more clear and positive outlook for preventing Greece from defaulting and an increase in investor funds back into equities. This turn away from bonds is responsible for pushing most indices such […]

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Fed Minutes: Uncertainty About Growth and Inflation

The FED (Federal Open Market Committee) released its minutes for the September meeting today. The market has noted that several FED members considered future bond purchases and suggested the market might require it, a signal of the weakness they may be seeing in the US Economy. There were also signs of disagreement among members about […]

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Remaining in Control While Selling Your Home

When selling your home, there are many things that can cause stress that are out of your control. As a seller, you cannot control the market, the number of offers placed on your home, or how many other houses are for sale in your area. With so much out of your control, it becomes of […]

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Mortgage Outlook for the Week of October 10th, 2011

While the bond / stock markets are closed today in observance of Columbus Day today (re-opening tomorrow), this week will bring three economic reports that are of interest to the mortgage market along with the minutes from the last FOMC meeting and two important Treasury auctions. New Data Released This Week On 2:00 PM ET […]

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Consumer Confidence and Case-Shiller Index Update

Consumer Confidence Numbers Released The Conference Board Consumer Confidence Index, remained essentially unchanged in September after declining sharply in August.┬áThe index data came in at 45.4 which is up slightly from 45.2 in August. In other words, the index is showing that consumer confidence is unchanged, which sounds about right. Case-Shiller Home Price Index The […]

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Federal Open Market Committee Update

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 7-3 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. This Fed press release sheds some light on the FOMC’s current observations of the market […]

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Mortgage Update for the Week of September 19, 2011

This weeks starts with mortgage rates near the all time lows reached a couple of weeks ago after a slight tick upwards last week. Markets were watching the European debt crisis last week and that concern is the focus today for many traders as the markets are watching to see if Greece can avoid default. […]

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Mortgage Mistakes Responsible for Foreclosure

With foreclosures occurring in record numbers across America over the past few years, many borrowers wonder what they can do to avoid ending up in a similar situation. The recent housing crisis can be in part attributed to lender mistakes and in part due to the mistakes of borrowers, these include the following: Foreclosure Mistakes […]

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