Bank Mortgage Lending Policies Appear To be Easing

August 24, 2010

According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.

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What’s Ahead For Mortgage Rates This Week : August 23, 2010

August 23, 2010

This week, it’s unlikely that the Refi Boom will meet its end, but that doesn’t mean you should wait for rates to fall further. Mortgage rates tend to change quickly and without notice, and should rates rise, you may find that you’ve missed the market bottom.

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Mortgage Rates Make New Lows For The 9th Week In A Row

August 20, 2010

Mortgage rates are (again) at their lowest levels in history.

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August 17, 2010
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What’s Ahead For Mortgage Rates This Week : August 16, 2010

August 16, 2010

The Refi Boom remains in full effect, but rates are not as dazzling as they were just one week ago.

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Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010

August 13, 2010

Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.

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How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.

August 12, 2010

Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. 6 states dominated activity levels.

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A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)

August 10, 2010

Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.

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The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?

August 10, 2010

We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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What’s Ahead For Mortgage Rates This Week : August 9, 2010

August 8, 2010

This week, there’s a lot of data and news due for release, the most influential to markets of which is the Federal Open Market Committee’s scheduled policy meeting.

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