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Category | Mortgage News

What Happened With Subprime Mortgages In 2007 And Can It Happen Again?

Owning your own home is part of the American Dream, but the mortgage crisis in 2007 literally shattered that one hope for many in the country and around the world. Dubbed the Mortgage Mess or Mortgage Meltdown, the 2007 subprime mortgages crisis was heralded as the worst global crisis after the Great Depression of the 1930’s […]

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What is The FSA Ability to Repay Rule?

The Farm Service Agency (FSA) is a part of the U.S. Department of Agriculture (USDA) and the institution responsible for guarantees for government backed rural lending specifically for small farm holdings and those in need of help. Updates have made it easier for a wider range of farmers to qualify under the new terms of […]

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Mortgage Update For Week of November 26, 2012

While last week saw mortgage rates staying put near lows, today saw the trend continue but with less consistency between lenders as some lenders had improved pricing while others’ pricing worsened. Since last week was slow, with very low volume due to the holiday, market watchers are waiting patiently about new news coming regarding the […]

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Time to Vote!

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Mortgage Update for the Week Beginning November 5, 2012

Last week saw mortgage rates improve modestly after slightly better than expected economic / employment data was released and Hurricane Sandy completed her assault on the Eastern Seaboard. The week ended in anticipation of this Tuesday’s election and today will the same as market watchers hold their breath in anticipation for tomorrow’s election. Mortgage Rates […]

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Mortgage Rate Update for the Week Ending November 2, 2012

This morning saw the release of Bureau of Labor Statistics (BLS) Non-Farm Payrolls report data showing that payroll employment increased by 171,000 in October, on the higher end of what the market was expecting. The unemployment rate was essentially unchanged at 7.9%. Since every piece of economic data is scrutinized even more ahead of the election next […]

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Mortgage Update for October 26, 2012

This morning saw two relatively positive reports come out. The markets had little reaction to this data, as they continued to monitor the equity markets and the situation in Europe for any new information that might provide more insight into the situation there.  GDP and Consumer Sentiment Data Released The first report was the release of […]

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Mortgage Wrap Up for the Week Ending September 7, 2012

Mortgage rates have fallen consecutively over the past two weeks. Today saw disappointing employment data released that further pushed mortgage rates closer to all time historic lows. While the employment data wasn’t entirely negative with 96,000 new jobs nationwide last month, it was lower than forecasted and confirmed an overall slowdown in job growth throughout 2012. Other […]

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FOMC Minutes Released

This week saw the release of the FOMC (Federal Open Market Committee) minutes for the FOMC meeting that ended on August 1, 2012. These minutes have played a role in mortgage rates recovering some lost ground over the last few days. These minutes outline the meeting and are typically released 3 weeks post meeting. During […]

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End of Week Mortgage Wrap Up: August 17, 2012

Mortgage rates got some relief today, improving slightly after spending most of the week rising, mirroring activity we saw last week. Today marked the most mild day the bond markets have seen in weeks. While the hope is that this may signal a change in the upward trend for mortgage rates, this will remain to […]

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