Tag Archives: i want the best rate

Should I Lock Or Float This Week : December 17, 2012

Posted on by
Reply

Todays_MBS_12-17-2012This so-called fiscal cliff is leaving mortgage rate shoppers shaking their heads? First, we are being told, if our congress allows us to fall over that cliff, it will equate to a monthly loss of $530, or more than $6000 per year, for many americans. If this were not enough to worry about, my clients shopping for homes, are also facing the uncertainty of what direction mortgage rates will move – Up? or Down? Last week, rates have started to creep up, and up. Continue reading →

What Mortgage Rates Are Doing This Week: Shoud I Lock Or Float?

Posted on by
Reply

Mortgage-backed securities (MBS) improved a bit last week, and rates remain near all-time low’s, continuing this year’s Refinance Boom and giving fuel to the budding housing market recovery. Continue reading →

Coming Soon : New, Mandatory Loan Fees For All Conforming Mortgages

Posted on by
1

Beginning as soon as next week, new, mandatory mortgage fees will push mortgage rates higher throughout Sacramento and nationwide. Fannie Mae and Freddie Mac are raising their respective “guarantee fees”.

Guarantee fees are fees that mortgage-backed securities providers charge to lenders for mortgage-related services including the bundling, selling and reporting of mortgage-backed bonds.  Continue reading →

Are Mortgage Standards Starting to Loosen?

Posted on by
Reply

The nation’s biggest banks have started to loosen mortgage lending guidelines. Is this another signal of an improving U.S. economy?

As reported by the Federal Reserve, last quarter, no “big banks” reported stricter mortgage standards as compared to the quarter prior and “modest fractions” of banks reported easier mortgage standards.  Continue reading →

The Treasury Market is Getting Better Today. So Why Aren’t Mortgage Rates Getting Better Too?

Posted on by
Reply

Click on the Photo for Enlarged Version. Much easier to read!

With last Friday mornings report, the Bureau of Labor Statistics released its Non-Farm Payrolls report. More commonly called “the jobs report”. Depending on the strength — or weakness — of the data, mortgage rates will change. As expected, the numbers were not as good as we hoped for and money started to flow into the “safe haven” of mortgage bonds. Continue reading →