Financial News
Lenders
May 3, 2010 by admin · Leave a Comment
Under water mortgages on the rise!
March 2, 2010 by Jen · Leave a Comment
More Americans and Utahns are finding they owe more on their mortgages than what their homes are worth, according to a new report by First American CoreLogic.
In Utah, 21.1 percent of all residential mortgages are now considered in a negative equity position compared to 24 percent of all U.S. residential properties.
Negative equity continues to be [...]
Market update
November 23, 2009 by Johnny · Leave a Comment
Market Update
INFO THAT HITS US WHERE WE LIVE Housing Starts for October came in last week down 10.6%. But single-family starts dropped only 6.8% and are still 33.3% higher than their January/February lows. New building permits were off only 4.0% overall and were basically unchanged for single-family units. Builders were obviously cautious, not knowing that [...]
Rates
November 16, 2009 by Johnny · Leave a Comment
conforming 4.875
Fha 4.75
Market update
November 16, 2009 by Johnny · Leave a Comment
>> Market Update
INFO THAT HITS US WHERE WE LIVE Thursday the Wall Street Journal reported Q3 home sales at an annual rate of 5.3 million units. That was an 11.4% gain over Q2’s 4.76 million units. Experts put much of the rising sales to the tax credit of up to $8,000 for first-time homebuyers. A [...]
High cost area loan limit
November 13, 2009 by Johnny · Leave a Comment
The Federal Housing Finance Agency (FHFA) has issued the loan limits that will
apply to conventional loans purchased by Fannie Mae and Freddie Mac as follows;
General First Mortgage Loan Limits
The General First Mortgage Loan Limits remain unchanged from 2009.
High-Cost Area Loan Limits
No differences between the 2010 and 2009 high-cost area loan limits published by the FHFA. [...]
Market Update – Daily and Weekly Wrap
November 13, 2009 by Johnny · Leave a Comment
Profit taking set the tone in the early going but as we moved into the trading day, good buying out of Asia and curve flattening helped to save the day. Comments by Bill Gross (Pimco bond god) talking about spread product being attractive (mortgage backed securities) and the lack of any foreseeable rate hike until [...]
Market conditions
November 13, 2009 by Johnny · Leave a Comment
TGIFriday the 13th. Earlier this morning, the Commerce Department reported a 36.5 billion trade deficit in September, nearly 5 billion above expectations. This represents an 18.2% increase in the total deficit, the largest increase since February 1999. The increase was due to a 5.8% increase in imports, the largest since March 1993. Both imports and [...]
30 year interest chart
November 13, 2009 by Johnny · Leave a Comment
Hello,
We want to let you know that many experts are predicting a rise in inflation and consequently a rise in interest rates as a result of the governments stimulus spending. This chart ( 30 Year Interest Rate Chart ) demonstrates just how historically low interest rates are. Take a look at where rates were in [...]
Unemployment claims
November 13, 2009 by Johnny · Leave a Comment
Weekly Unemployment Claims hit the tape this morning, down 12K to 502K. Continuing Claims fell as well, down 139K to 5.6 million. Both indexes were better than economists expected but seasonal factors helped the Weekly Index while the exhaustion of benefits was the main driver behind the drop in Continuing Claims. Numbers look better but [...]
