Monthly Archives: March 2012

TODAY’S MORTGAGE RATES – MARCH 26th, 2012

MORTGAGE RATES END THE WEEK SLIGHTLY LOWER March 26th, 2012 The MBS Market closed last week trading even (-0 bps).   Mortgage rates slightly lowered on a couple of products, but most loan options stayed the same.  I thought we would see more of a correction in the market with the large rise in rates last […]

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HARP 2.0 GUIDELINES

HARP 2.0 GUIDELINES: March 22nd, 2012 Below are my official guidelines for HARP 2.0 Lending.  Not every lender has the same guidelines, so just because you don’t qualify with one does not mean you do not qualify with another. Remember that you can not qualify for a HARP loan without your loan being backed by […]

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MORTGAGE RASE RISING QUICKLY!!

MORTGAGE RATES RISING QUICKLY!! March 19th, 2012 The MBS Market closed last week trading down (- 84 bps).   Mortgage rates dramatically rose on Wednesday and Thursday with huge losses in the MBS market on both days. Investors are taking money out of fixed income and putting it into the stock market.  The stock market bullish […]

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APRIL 2012 – UPDATED FHA MORTGAGE INSURANCE GUIDELINES.

FHA RAISES MORTGAGE INSURANCE  /  LOWERS MORTGAGE INSURANCE ON FHA STREAMLINES. March 19th, 2012 FHA is increasing their mortgage insurance premiums significantly on case numbers taken out after April 9th,, 2012.  If you are looking to do an FHA loan, your best bet is to start it soon or at least get your case number […]

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MORTGAGE PRICING SLOWLY RISING

MORTGAGE PRICING SLOWLY RISING March 10th, 2012 The MBS Market closed last week trading down (- 22 bps).   As has been the case recently, mortgage rate pricing seems to be slowly inching up from it’s record lows in January. The big news last week was the labor report and the continuing European debt crisis. The […]

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HARP 2.0 – IS IT FINALLY HERE?

HARP 2.0 – IS IT FINALLY HERE? In November 2011, President Obama announced the existence of a HARP 2.0 product that was going to help more and more underwater home owners refinance into a lower interest rate loan.  The release date was supposed to be in December 2011, but unfortunately no lenders would offer it.  […]

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MORTGAGE RATES SEE SAW BACK AND FORTH

MORTGAGE RATES SEE SAW BACK AND FORTH March 5th, 2012 The MBS Market closed last week trading up (+6 bps).   Although the market ended the week very close to how it began, there were major swings during the week. The week began with small improvements on Monday and Tuesday.  On Wednesday, Ben Bernanke made a […]

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BANKS ACCEPTING MORE SHORT SALES IN MARICOPA COUNTY, ARIZONA

BANKS ACCEPTING MORE DISTRESSED SALES IN MARICOPA COUNTY March 2nd, 2012 When the housing bubble first burst in Arizona, most banks were taking back delinquent properties versus working with home owner’s to sell their property at a loss.  Recent statistics show that banks are more and more likely to accept a short sale or sell […]

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