Hat tip to DB for sending this along, from Reuters: Bethany and Karl Schreiber are hunting for a nice big house in the pricey Washington, D.C., suburbs and they are facing a deadline: In just a few months their third child will be born, and the tiny two-bedroom...
From the wsj.com: The Treasury market may be about to prove the haters wrong. You can't swing a dead cat these days without hitting someone warning about an imminent rise in rates on longer-term Treasury bonds—especially as the end looms for the Federal Reserve's $600...
According to Freddie Mac's (OTC:FMCC) latest Primary Mortgage Market Survey (PMMS), all mortgage products increased this week except the 1-year ARM. This brings 30-year mortgage rates back to levels seen in May of this year, while the 15-year ties levels not seen...
Commentary on today's MBS market, written by Adam at the MDN: We were forced to sit in on another slaughtering today. It didn't start that way but by 5pm the 10 yr note had totally shed all gains, gone red, and broken two or three more support levels on its way up to...
From HW: The Federal Housing Administration released approved loan limits on mortgages it would insure in 2011, leaving the ceiling unchanged at $729,750. The Economic Stimulus Act of 2008 and the Housing and Economic Recovery Act of 2008 raised the FHA loan-limit...
Mortgage rates spiked up in the last two days, here's an excerpt from Adam at MND: Tensions remain high in the primary mortgage market as mortgage rates have extended their losing streak. We're in a tough spot here... The best conventional/FHA/VA 30 year fixed...
Here is a report on the seller-assisted down payments, where the seller donates an amount of money (equal to the buyer's down payment) to a "non-profit entity", who then gifts it to the borrower. From NMN: WASHINGTON-It was well known inside HUD that a special...
Nov. 24, 2009 WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced that the company has launched several initiatives supporting neighborhood stabilization and promoting home purchases by owner occupants and buyers qualifying for public entity housing programs. To...
So the government says that they are going to stop buying mortgage-backed securities sometime inthe first quarter of 2010. Then what? Let's consider what the Fed's influence has been - are rates artificially low currently? The historic rule-of-thumb has been that you...
An update on mortgage rates - they are staying in a tolerable range, so far. The 30-year fixed-rate mortgage averaged 5.32% for the week ended Thursday, down from last week's 5.42% average and 6.35% a year ago. Bank of America's 30-year jumbo fixed rate today was...
