Monthly Archives: April 2011

4-25 RATES LOWER AGAIN ; BIG FED MEETING THIS WEEK

  MORTGAGE RATES LOWER AGAIN:  On a shortened week, the bond market went up every day.  Bonds closed the week 28 points up, improving the costs of loans about .25% on the week.  The 30 year fixed par rate dropped down to 4.75% – this rate costs about a point right now.  15 year fixed […]

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RATES IMPROVE / IRS TO BEGIN TAXING ON SHORT SALES / FORECLOSURES.

MORTGAGE RATES FALL:  The bond market dropped 66 bps last week – marking a good week for lowering interest rates.  A lot of this is spurred by bad news in the economy / Japan.  It’s unfortunate, but when these things happen – the stock market typically goes down and mortgage rates get better.  The par […]

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RATES RISE / FHA MORTGAGE INSURANCE INCREASE ON APRIL 18th

MORTGAGE RATES RISING:  Mortgage rates are controlled by the secondary bond market.  Over the past 1-2 weeks we have seen rates increasing due to dropping bond prices.  Most indicators see the market as bearish and that this drop and rise in rates could continue.    FHA MORTGAGE INSURANCE INCREASING ON APRIL 18th:  On April 18th, […]

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HOW THE NEW MORTGAGE REGULATIONS WILL AFFECT YOU:

 THE FED RULE DELAYED ; TEMPORARILY:   After all the buildup – the Fed rule on loan officer compensation has been stopped – at least temporarily.  A court will be reviewing this over the next couple days and giving a final ruling.  As of right now, new loans can be originated just as before.  In all […]

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