Your FHA Guru

AM Update - FHA Considering Reducing Seller Concessions

fhaguru | 27 January, 2012 08:57

MORTGAGE LOCK ADVISORY 

January 27, 2012, 6:45 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.04 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.88%   
MBS (3.5%) - 103.54, High: 103.63, Low: 103.41   
DJI Stocks currently $12,699.74,  Down $-34.89, Change -0.275%   
Asian & European Stock Market Indexes Down -0.401%   
Nymex Crude Oil Currently $99.94 Up $0.54

                  
MORTGAGE NEWS BRIEFS

FHA Considering Reducing Seller Concessions
 In a separate Federal Register notice to be published soon, the FHA will propose to reduce the maximum allowable seller concession from its current level to one more in line with industry norms.  The current level exposes the FHA to excess risk by creating incentives to inflate appraised value.  The revised proposal reflects public comments received on an earlier proposal published in a Federal Register notice on July, 15, 2010.  The revised proposal calls for a 30 day comment period.  Following an analysis of the public comments received, a final rule will be issued.

Bernanke Stays Easy: Fed To Keep Rates Low Through Late 2014
 The Federal Reserve took no action on interest rates or further bond purchases Wednesday, but extended its runway for exceptionally low rates by at least a year to late 2014. Read More Forbes

FHA 203k Renovation Loans - All You Need To Know

Nine Minute Video

Five Top Banks offer $25 Billion to Troubled Homeowners.
 The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure. Read More Fox News

Investors buying with cash pressure home prices
 by KERRI PANCHUK Monday, January 23rd, 2012
Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.  The overall proportion of cash buyers in the housing market soared to a record 33.2%, compared to 29.6% a year earlier. Read More HousingWire

Will Obama Slam the Mortgage Industry Yet Again?
By Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News

Mortgage Rates Reach New All-Time Lows. Again
Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Read More MReport

Housing starts fall 4.1% in December
by Jason Philyaw
Housing starts fell 4.1% in December, according to Commerce Department data, following a big increase the prior month. Read More HousingWire

Provide More Client Options with Energy Efficient Mortgages

4 Minute Energy Efficient Mortgage Video

Countrywide VIP mortgage program investigation goes dark 
An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks. The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information from members of [...]Read More HousingWire

Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette 
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.  Read More MReport.Read More MReport.

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for

... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage, FHA 203k Renovation Mortgage | Permalink | Trackbacks (0)

AM Update - Fed to Keep Rates Low Through Late 2014

fhaguru | 26 January, 2012 08:54

MORTGAGE LOCK ADVISORY 

January 26, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.21 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.88%   
MBS (3.5%) - 103.25, High: 103.28, Low: 103.03   
DJI Stocks currently $12,805.66,  Up $48.7, Change 0.38%   
Asian & European Stock Market Indexes Up 1.36%   
Nymex Crude Oil Currently $101.15 Up $1.75

                  
MORTGAGE NEWS BRIEFS

Bernanke Stays Easy: Fed To Keep Rates Low Through Late 2014
The Federal Reserve took no action on interest rates or further bond purchases Wednesday, but extended its runway for exceptionally low rates by at least a year to late 2014. Read More Forbes

FHA 203k Renovation Loans - All You Need To Know  Nine Minute Video

Five Top Banks offer $25 Billion to Troubled Homeowners.
 The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure. Read More Fox News

Investors buying with cash pressure home prices
 by KERRI PANCHUK Monday, January 23rd, 2012
Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.  The overall proportion of cash buyers in the housing market soared to a record 33.2%, compared to 29.6% a year earlier. Read More HousingWire

Will Obama Slam the Mortgage Industry Yet Again?
By Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News

Mortgage Rates Reach New All-Time Lows. Again
Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Read More MReport

Housing starts fall 4.1% in December
by Jason Philyaw
Housing starts fell 4.1% in December, according to Commerce Department data, following a big increase the prior month. Read More HousingWire

Provide More Client Options with Energy Efficient Mortgages

4 Minute Energy Efficient Mortgage Video

Countrywide VIP mortgage program investigation goes dark 
 An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks. The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information from members of [...]Read More HousingWire

Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette 
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.  Read More MReport.Read More MReport.

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for

... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage, FHA 203k Renovation Mortgage | Permalink | Trackbacks (0)

FHA 203k Renovation Loan - All You Need To Know

fhaguru | 25 January, 2012 08:51

MORTGAGE LOCK ADVISORY 

January 25, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.02 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.88%   
MBS (3.5%) - 102.67, High: 102.75, Low: 102.66   
DJI Stocks currently $12,620.69,  Down $-55.06, Change -0.436%   
Asian & European Stock Market Indexes Down -0.21%   
Nymex Crude Oil Currently $98.22 Down $0.73

                  
MORTGAGE NEWS BRIEFS

FHA 203k Renovation Loans - All You Need To Know

Nine Minute Video

Mortgage Backed Securities Markets opened flat after Obama State of the Union Speech.

Five Top Banks offer $25 Billion to Troubled Homeowners.
 The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure. Read More Fox News

Investors buying with cash pressure home prices
 by KERRI PANCHUK Monday, January 23rd, 2012
Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.  The overall proportion of cash buyers in the housing market soared to a record 33.2%, compared to 29.6% a year earlier. Read More HousingWire

Will Obama Slam the Mortgage Industry Yet Again?
By Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News

Mortgage Rates Reach New All-Time Lows. Again
Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Read More MReport

Housing starts fall 4.1% in December
by Jason Philyaw
Housing starts fell 4.1% in December, according to Commerce Department data, following a big increase the prior month. Read More HousingWire

Provide More Client Options with Energy Efficient Mortgages

4 Minute Energy Efficient Mortgage Video

Countrywide VIP mortgage program investigation goes dark 
 An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks. The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information from members of [...]Read More HousingWire

Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette 
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.  Read More MReport.Read More MReport.

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for

... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage | Permalink | Trackbacks (0)

Five Top Banks offer $25 Billion to Troubled Homeowners.

fhaguru | 24 January, 2012 08:44

MORTGAGE LOCK ADVISORY 

January 24, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.15 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.88%   
MBS (3.5%) - 102.78, High: 102.81, Low: 102.63   
DJI Stocks currently $12,644.41,  Down $-64.41, Change -0.509%   
Asian & European Stock Market Indexes Down -0.27%   
Nymex Crude Oil Currently $98.55 Down $1.03

                  
MORTGAGE NEWS BRIEFS

Five Top Banks offer $25 Billion to Troubled Homeowners.
 The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure. Read More Fox News

Investors buying with cash pressure home prices
 by KERRI PANCHUK Monday, January 23rd, 2012
Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.  The overall proportion of cash buyers in the housing market soared to a record 33.2%, compared to 29.6% a year earlier. Read More HousingWire

Will Obama Slam the Mortgage Industry Yet Again?
By Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage | Permalink | Trackbacks (0)

Investors buying with cash pressure home prices

fhaguru | 23 January, 2012 09:01

MORTGAGE LOCK ADVISORY 

January 23, 2012, 6:45 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.15 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.88%   
MBS (3.5%) - 102.5, High: 102.66, Low: 102.5   
DJI Stocks currently $12,726.45,  Up $5.97, Change 0.047%   
Asian & European Stock Market Indexes Up 0.659%   
Nymex Crude Oil Currently $98.84 Up $0.51 

                  
MORTGAGE NEWS BRIEFS

Investors buying with cash pressure home prices
by KERRI PANCHUK Monday, January 23rd, 2012
Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.  The overall proportion of cash buyers in the housing market soared to a record 33.2%, compared to 29.6% a year earlier. Read More HousingWire

Will Obama Slam the Mortgage Industry Yet Again?
By Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News

Mortgage Rates Reach New All-Time Lows. Again
Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Read More MReport

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage | Permalink | Trackbacks (0)

Will Obama Slam The Mortgage Industry Again?

fhaguru | 20 January, 2012 08:53

MORTGAGE LOCK ADVISORY 

January 20, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.09 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.88%   
MBS (3.5%) - 102.66, High: 103.72, Low: 102.59   
DJI Stocks currently $12,623.79,  Down $-0.19, Change -0.002%   
Asian & European Stock Market Indexes Up 0.339%   
Nymex Crude Oil Currently $99.14 Down $1.25

                  
MORTGAGE NEWS BRIEFS

Will Obama Slam the Mortgage Industry Yet Again?
 Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News

Mortgage Rates Reach New All-Time Lows. Again
Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Read More MReport

Housing starts fall 4.1% in December
by Jason Philyaw
Housing starts fell 4.1% in December, according to Commerce Department data, following a big increase the prior month. Read More HousingWire

Provide More Client Options with Energy Efficient Mortgages

4 Minute Energy Efficient Mortgage Video

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage | Permalink | Trackbacks (0)

Housing Starts Fall 4.1% in December

fhaguru | 19 January, 2012 09:04

MORTGAGE LOCK ADVISORY 

January 19, 2012, 7:00 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.00 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

                  
MORTGAGE NEWS BRIEFS

Housing starts fall 4.1% in December
by Jason Philyaw
Housing starts fell 4.1% in December, according to Commerce Department data, following a big increase the prior month. Read More HousingWire

Provide More Client Options with Energy Efficient Mortgages

4 Minute Energy Efficient Mortgage Video

Countrywide VIP mortgage program investigation goes dark 
 An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks. The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information from members of [...]Read More HousingWire

Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette 
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.  Read More MReport.Read More MReport.

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for

... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR, Energy Efficient Mortgage | Permalink | Trackbacks (0)

Provide More Clients Options with Energy Efficient Mortgages

fhaguru | 18 January, 2012 10:40

January 18, 2012, 8:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.09 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.89%   
MBS (3.5%) - 103.09, High: 103.28, Low: 103.03   
DJI Stocks currently $12,529.07,  Up $47, Change 0.375%   
Asian & European Stock Market Indexes Up 0.068%   
Nymex Crude Oil Currently $101.25 Up $0.54

                  
MORTGAGE NEWS BRIEFS

Provide More Client Options with Energy Efficient Mortgages

4 Minute Energy Efficient Mortgage Video

Countrywide VIP mortgage program investigation goes dark
 An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks. The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information from members of [...]Read More HousingWire

Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette 
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.  Read More MReport. Read More MReport.

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for

... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

Mortgage Rate Lock and Market Advisory

fhaguru | 17 January, 2012 08:54

MORTGAGE LOCK ADVISORY 

January 17, 2012, 6:45 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.05 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.89%   
MBS (3.5%) - 103.07, High: 103.11, Low: 103.02   
DJI Stocks currently $12,530.43,  Up $108.37, Change 0.865%   
Asian & European Stock Market Indexes Up 1.311%   
Nymex Crude Oil Currently $100.35 Up $1.65

                  
MORTGAGE NEWS BRIEFS

Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette 
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.  Read More MReport. Read More MReport.

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for

... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport

The morality of strategic default: businesses vs. homeowners

By Kelli Galippo

This article discusses the purported moral implications of a homeowner's decision to strategically default and why no such implications exist for a strategically defaulting business.  Is a strategic default un-American?  Read More in First Tuesday 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

NAHB: List of Improving Housing Markets Nearly Doubles in January

fhaguru | 16 January, 2012 10:33

MORTGAGE LOCK ADVISORY 

January 16, 2012, 8:00 AM PST

Click for Lock Advice Updated Several Times Daily  

Markets are Closed Today In Honor of Martin Luther King

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities Closed Friday down 0.18 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.89%   
MBS (3.5%) - 103.22, High: 103.36, Low: 103.03   
DJI Stocks closed Friday at $12,422.06,  Down $-48.96, Change -0.394%   
Asian & European Stock Market Indexes Down -0.493%   
Nymex Crude Oil Currently $99.52 Up $0.82

                  
MORTGAGE NEWS BRIEFS

NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi

. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for... Read More Huntington News

Home Sales, Housing Markets Will Lift in 2012: Fannie Mae

The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport

European debt crises once more pushed interest rates for mortgage loans to new lows across the board, even while the U.S. economy picked up steam around much of the country. » Read More MReport

The morality of strategic default: businesses vs. homeowners

By Kelli Galippo

This article discusses the purported moral implications of a homeowner's decision to strategically default and why no such implications exist for a strategically defaulting business.  Is a strategic default un-American?  Read More in First Tuesday  

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

Mortgage Rates Set Record Lows as Europe Teeters

fhaguru | 13 January, 2012 08:41

MORTGAGE LOCK ADVISORY 

January 13, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK   Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.18 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS
 

National Average Fixed Rate Mortgage 3.89%   
MBS (3.5%) - 103.22, High: 103.23, Low: 103.03   
DJI Stocks currently $12,406.54,  Down $-64.48, Change -0.52%   
Asian & European Stock Market Indexes Down -0.065%   
Nymex Crude Oil Currently $98.25 Down $0.85 

                  
MORTGAGE NEWS BRIEFS

Mortgage Rates Set Record Lows as Europe Teeters
 European debt crises once more pushed interest rates for mortgage loans to new lows across the board, even while the U.S. economy picked up steam around much of the country. » Read More MReport

The morality of strategic default: businesses vs. homeowners
 By Kelli Galippo *
This article discusses the purported moral implications of a homeowner's decision to strategically default and why no such implications exist for a strategically defaulting business.  Is a strategic default un-American?  Read More in First Tuesday

Zillow Sees New Record Lows for Mortgage Rates
 By Ryan Schuette
Interest rates for the benchmark 30-year fixed-rate mortgage smashed new records for Zillow, which reported current rates falling as low as 3.71 percent, the lowest in survey history for the real estate Web site.Read More MReport

No Excuses... Just Appointments

Words of wisdom from the TBS Daily Show 5 minute Video

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

The morality of strategic default: businesses vs. homeowners

fhaguru | 12 January, 2012 08:54

MORTGAGE LOCK ADVISORY 

January 12, 2012, 6:45 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.07 point.  

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS
 

National Average Fixed Rate Mortgage 3.91%   

MBS (3.5%) - 102.96, High: 103.03, Low: 102.88   
DJI Stocks currently $12,458.46,  Up $9.01, Change 0.072%   
Asian & European Stock Market Indexes Up 0.728%   
Nymex Crude Oil Currently $101.79 Up $0.92

                  
MORTGAGE NEWS BRIEFS

The morality of strategic default: businesses vs. homeowners
 By Kelli Galippo *
This article discusses the purported moral implications of a homeowner's decision to strategically default and why no such implications exist for a strategically defaulting business.  Is a strategic default un-American?  Read More in First Tuesday

Zillow Sees New Record Lows for Mortgage Rates
 By Ryan Schuette
Interest rates for the benchmark 30-year fixed-rate mortgage smashed new records for Zillow, which reported current rates falling as low as 3.71 percent, the lowest in survey history for the real estate Web site.Read More MReport

No Excuses... Just Appointments

Words of wisdom from the TBS Daily Show 5 minute Video

Americans Feel More Confident About Housing
Consumer sentiment climbed higher last month despite historically low conditions, with Americans by and large feeling more optimistic about housing, according to Fannie Mae. » Read More MReport 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

Zillow Sees New Record Lows for Mortgage Rates

fhaguru | 11 January, 2012 08:52

MORTGAGE LOCK ADVISORY 

January 11, 2012, 6:45 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.01 point.  The 0.34 decrease in MBS prices from yesterday to today was due to the MBS market moving from a January to a February coupon and does not effect points.

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS
 

National Average Fixed Rate Mortgage 3.91%   
MBS (3.5%) - 103.11, High: 103.16, Low: 103   
DJI Stocks currently $12,491.99,  Up $99.3, Change 0.795%   
Asian & European Stock Market Indexes Up 1.646%   
Nymex Crude Oil Currently $102.78 Up $1.47 
                  
MORTGAGE NEWS BRIEFS

Zillow Sees New Record Lows for Mortgage Rates
 By Ryan Schuette
Interest rates for the benchmark 30-year fixed-rate mortgage smashed new records for Zillow, which reported current rates falling as low as 3.71 percent, the lowest in survey history for the real estate Web site.Read More MReport

No Excuses... Just Appointments

Words of wisdom from the TBS Daily Show 5 minute Video

Americans Feel More Confident About Housing
Consumer sentiment climbed higher last month despite historically low conditions, with Americans by and large feeling more optimistic about housing, according to Fannie Mae. » Read More MReport

Pending Home Sales Highest in Over a Year-and-a-Half
 By: Carrie Bay 
Pending home sales continued to rise in November, reaching their highest level in 19 months, the National Association of Realtors (NAR) reported late last week. Read More in Linkedin 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

No Excuses ...Just Appointments

fhaguru | 10 January, 2012 08:53

MORTGAGE LOCK ADVISORY 

January 10, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are the up 0.03 point.  MBS are seriously overbought and the market could reverse in the next couple of days.

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.91%   
MBS (3.5%) - 103.11, High: 103.16, Low: 103   
DJI Stocks currently $12,491.99,  Up $99.3, Change 0.795%   
Asian & European Stock Market Indexes Up 1.646%   
Nymex Crude Oil Currently $102.78 Up $1.47 
                  
MORTGAGE NEWS BRIEFS

No Excuses... Just Appointments

Words of wisdom from the TBS Daily Show 5 minute Video

Americans Feel More Confident About Housing
Consumer sentiment climbed higher last month despite historically low conditions, with Americans by and large feeling more optimistic about housing, according to Fannie Mae. » Read More MReport

Pending Home Sales Highest in Over a Year-and-a-Half
By: Carrie Bay 
Pending home sales continued to rise in November, reaching their highest level in 19 months, the National Association of Realtors (NAR) reported late last week. Read More in Linkedin 

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)

Mortgage Rate Lock and Market Advisory

fhaguru | 09 January, 2012 08:29

MORTGAGE LOCK ADVISORY 

January 9, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities closed the day down 0.03 point.  MBS are seriously overbought and the market could reverse in the next couple of days.

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution

There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.

MORTGAGE MARKET INDICATORS
 

National Average Fixed Rate Mortgage 3.91%   
MBS (3.5%) - 103.11, High: 103.11, Low: 103.03   
DJI Stocks currently $12,360.15,  Up $0.23, Change 0.002%   
Asian & European Stock Market Indexes Up 0.34%   
Nymex Crude Oil Currently $101.81 Up $0.25

Pending Home Sales Highest in Over a Year-and-a-Half
 By: Carrie Bay 
Pending home sales continued to rise in November, reaching their highest level in 19 months, the National Association of Realtors (NAR) reported late last week. Read More in Linkedin 

Markets flat as Europe woes balanced by recovering US
 Overnight, US markets finished flat to marginally higher as investors continued to balance ongoing European issues against US economic data, confirming that the world's biggest economy is on the slow path to recovery. National Business Review

December employment report was stronger than consensus.
 Dec. unemployment expected at 8.7% fell to 8.5%, the lowest level since Feb 2009 when it was 8.3%. Non-farm jobs expected +155K, jumped to 200K; non-farm private jobs thought to be 160K increased 212K. Yesterday ADP reported 325K private jobs. Dec average hourly earnings, as usual, up 0.2%.

General, National Average Fixed Rate Mortgage, Fannie Mae, FREE ON-LINE MORTGAGE CLASS, FHA Cash Out Refinances, First Time Buyer Tax Credit, Home Prices Rise, VA Loan Class, FHA Classes, Rate Lock Advice, Mortgage Information, Marketing, What is APR | Permalink | Trackbacks (0)