Tag Archives: Mortgage loan
10 year treasury moves up and the 30 Year mortgage rates are up
This is pretty interesting because this is the other direction than what the experts thought Operation Twist would have on the market. John Murphy pointed this out earlier on his post, then tonight I saw the St Louis Fed had … Continue reading
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The Nation’s 11th Largest Mortgage lender is getting out of the business due to excessive regulations
WOW! This puts things into perspective a bit. We all complain about the banks on their underwriting and that they are “not lending” now. I knew they were pummeled with new regulations but had no idea to what extent. The … Continue reading
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Mortgage rates hit record low of 3.94%: Freddie
Mortgage rates hit record low of 3.94%: Freddie. Report from HousingWire that the 30 year fixed rate mortgage average is down to 3.94%. The average rate for a conventional 30-year, fixed-rate mortgage dropped below 4% for the first time in … Continue reading
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Bill allows tax-free use of retirement funds for mortgage payments
Bill allows tax-free use of retirement funds for mortgage payments. This is interesting, a bill that would allow a homeowner to tap into their retirement funds without the normal 10% penalty to cover their mortgage payments. Interesting how it is … Continue reading
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WSJ analysis: Minnesota has lowest mortgage denial rate
I wonder if this is the reason Minnesota ranked # 1 in the Nation for Mortgage Fraud? 20% still seems high to me for denial rate. I would assume someone may not qualify for the best interest rates, but may … Continue reading
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30 Year Fixed Rate Mortgage drops, is it the result of The Twist?
I had been posting every business day on the 10 year treasury and the 30 year mortgage since the announcement of Operation Twist. The reason why I am posting info on the 10 year treasury is that the 30 year … Continue reading
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Mortgage Rates after the Twist, 09/26/2011 (day 5)
Still watching the 10 Year Treasury to see if there is any indication that rates might come down. Today the Dow soared 272 points to close over 11,000. This is great news by itself… The 10 Year Treasury rose 5.31% closing … Continue reading
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10 Million more Mortgages set to default.
Wow, OMG, WTF, how many other 3 letter words could describe this? I was reading this article from HousingWire and the numbers are staggering. If these numbers prove to be accurate I will be eating my words that “I think … Continue reading
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More than 22% of mortgages still underwater
This is news, but not really. I am actually surprised it is not higher. With the values dropping as far as they have, it is surprising to me that more people don’t owe more than their home is worth right … Continue reading
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US Mortgage Purchase Applications at 15-Year Low
This is not surprising news, and I don’t find it too alarming at this point. We have had a turbulent couple weeks in the stock market bring uncertainty to many households. We are back to 1996 levels on mortgage applications. What is … Continue reading
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