Last quarter, 1 in 4 conforming mortgage applicants ditched their 30-year mortgage for a 15-year fixed. There are good reasons why, too. Click for the complete post : 30-Year Fixed Rate Mortgages Losing Favor With Homeowners; 15-Year Fixed Gaining.
Wednesday, February 22, 2012
A program to dispose of large blocks of REO could help clearing out home inventory which, in turn, would benefit the U.S. economy as a whole. Click for the complete post : REO-To-Rental Program to the Housing Market Rescue?.
Monday, February 20, 2012
U.S. homeowners have lost an estimated $7 trillion in home equity since 2007. That’s the equivalent of 28 million homes losing $250k each! Shadow Inventory Weighs Down Housing Market originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
Saturday, February 18, 2012
In 2011, 17% of refinanced mortgages featured “other length” loans, according to the MBA. The majority were 15-year fixed and 30-year fixed. Are Mortgage Applicants Forced Into 30-Year Fixed Rate Mortgages? originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
Saturday, February 18, 2012
New data proves what REALTORS® have known for months. The housing market bottomed September 2011. It’s since made slow, steady growth. Single-Family Housing Starts : The Market Is In Slow, Steady Recovery originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
Saturday, February 18, 2012
Want to know where the housing market is headed? Talk to the guys on the street. No one knows housing like homebuilders and builders say 2012 will be blowout. Surging Homebuilder Confidence Puts Home Buyers On The Clock originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
Thursday, February 16, 2012
The Home Affordable Refinance Program (HARP) is revamped and extended. There are no LTV requirements and fewer loan fees. It’s a complete refinance overhaul.
Thursday, February 16, 2012
The viability and future of PACE — an energy improvement-related mortgage program — is in jeopardy.
Thursday, February 16, 2012
If the housing’s recovery will be closely tied to jobs, then 2012 purchase market is about to heat up.
Tuesday, February 14, 2012
Mortgage rates are down more than 1% in the last year and mortgage payments are down 13%. The “break-even point” on today’s mortgages comes relatively quickly — even after accounting for closing costs.
Wednesday, February 22, 2012
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