Tag: Mortgage

Septembers’ Fed meeting came and gone. Conclusion is more or less the same as before. No increase but the bias is upward. Still expecting minimum one increase of a 0.25% before end of December 2016.

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Mortgage rates remain steady since the release of August employment figures. Amid the latest round of Fed speaker talks of rate increases, the anticipation is one increase of a 0.25% for the remainder of 2016. Last increase was in December 2015.

Fannie Mae 3% Down Program

Mortgage rates are back to record low levels reached in 2012. Turmoil and uncertainties in Europe are driving money back into bond markets.

3% Can Buy You Home

Housing starts and permit declined in January

3% Can Buy You Home

European Central Bank hinted more QE on the way; Global rates decline in response.

3% Can Buy You Home

Mortgage rates are flat to down, awaiting for clues on Fed’s initiation on rate hike

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Mtg rates jumped higher amid 295,000 new jobs created in February. Unemployment rate dropped to 5.5%

MtgRates

The Senate the Tax Increase Prevention Act of 2014, by a vote of 76-16. The bill includes a one-year extension of several expired tax provisions, including tax relief for mortgage debt forgiveness on short sales, foreclosures, & loan modifications…

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Zillow CEO Spencer Rascoff answered that they’re “a good starting point” but that nationwide Zestimates have a “median error rate” of about 8%.

Fixed vs Adjustable (ARM) mortgage – Because of the lower initial rate on ARM, the savings could be significant. Also due to the rate cap, ARM isn’t as scary as many think in a rising interest rate environment.

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