RSS

Monthly Archives: May 2012

What Mortgage Rates Are Doing This Week of May 29, 2012

Jobs in focus this weekMortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated.

As of this Wednesday morning, Europe’s stock markets are getting hit hard on increasing lack of confidence in the region. Money continues to flow to safety, into US treasuries and German bunds. Also, China said today it won’t inject stimulus at the pace it did in 2008 and its economic growth is expected to decline 8%, also helping to drive our rates lower. Read the rest of this entry »

Advertisements
 
2 Comments

Posted by on May 29, 2012 in Mortgage Rates

 

Tags: , , , , , , , ,

A Few Reasons Why You Might Not Get The Rate Advertised: May 21, 2012

Existing Home Sales Mortgage rates improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide.

According to Freddie Mac’s mortgage rate survey, conforming 30-year fixed rate mortgage rates slipped to 3.79%, on average, last week for borrowers willing to pay 0.7 discount points and a full set of closing costs.

This is the lowest on-record. Read the rest of this entry »

 
Leave a comment

Posted by on May 21, 2012 in Mortgage Rates

 

Tags: , , , , , , , , , ,

Don’t Rush To Refinance Your Adustable Rate Mortgage Just Yet!

Is your mortgage scheduled to adjust this season? You may want to let it. This year’s ARM-holding homeowners in Sacramento are finding out that an adjusting mortgage may be the simplest way to get access to today’s low mortgage rates — without paying the closing costs.

Currently, conventional adjustable-rate mortgages are adjusting to near 3.00 percent. Read the rest of this entry »

 
Leave a comment

Posted by on May 13, 2012 in Mortgage Rates

 

Tags: , , , , , , , , , ,

Does A Reverse Mortgages Makes Cents?

Despite several big-name banks pulling the product from their respective home loan offerings, reverse mortgages remain a popular mortgage choice among homeowners aged 62 or over.

A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Rather than borrow a fixed amount of money then pay that loan balance down to zero as with a “forward” mortgage, a reverse mortgage starts at a given loan balance and works its way up as scheduled payments are added to the existing loan balance. Read the rest of this entry »

 
Leave a comment

Posted by on May 8, 2012 in Mortgage Guidelines

 

Tags: , , , , , , , , , ,

What Mortgage Rates Are Doing This Week : May 7, 2012

Today's Rates May 7th, 2012 from Sacramentolener.com and dantheplanner.com

Click to Enlarge Photo

After two weeks of no change, mortgage markets improved last week, pushing mortgage rates lower throughout California. But, are we poised for a reversal? According to the trends, mortgage backed bonds are in a overbought position and ripe for a selloff – Based on the indicators, there’s more room for rates to rise than to fall. Read the rest of this entry »

 
Leave a comment

Posted by on May 7, 2012 in Mortgage Rates

 

Tags: , , , , , , , , , ,

A Recovery in the Housing Market in Sacramento, on Whose Planet?

Read the rest of this entry »

 
Leave a comment

Posted by on May 1, 2012 in Mortgage Blog

 

Tags: , , , , , , , ,

 
%d bloggers like this: