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Tag Archive | "mortgage rates"

Before You Apply For A Mortgage Be Careful With Your Credit

Consumers In The Eyes Of Lenders Your credit history may seem like a vague and abstract stack of file entries to you. But to banks, the numbers and ledger entries are all they need or want to know about you. What lenders find in your credit report will determine how they respond when you apply […]

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Income Stability Gets The Mortgage Done Better Here Is Why

Income stability is the key attribute that mortgage underwriters wish to see in a home loan applicant. When you begin the process of buying a home and applying for a mortgage, your lenders review your financial history very carefully. Based on the policies of the bank, what they know about risking large piles of cash, and […]

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Should You Trade Discount Points For Your Down Payment?

Should you divert funds from your down payment to get better terms on your monthly payments? Or should you go the opposite direction and add to your equity? How about getting cash back at closing? These are all things that you can do by adjusting the level of discount points that you agree to pay […]

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Why Employment And Jobs Data Affect Mortgage Rates

Features of the main financial sectors of the economy are deeply interlinked. When you look at the figures for one type of activity in the economy, it may be affected by another and directly influence yet another piece of data in turn. So it is with Employment and jobs data and the influence they have […]

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How Mortgage Backed Securities Affect Mortgage Rates

This article is intended to help the reader understand the cryptic sounding term mortgage backed securities or MBSs and how they affect mortgage rates. To begin with let us look into what mortgage backed securities are all about. Mortgage Backed Securities Mortgage backed securities are simply bundles of mortgages with similar terms, such as interest […]

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Why Employment and Jobs Data Affects Mortgage Rates

As the number of jobs available to Americans rises and the employment rate consequently increases faster than expected, mortgage rates tend to increase with it. The reason for this is fairly straightforward, and is explained below. However, there are circumstances where this relationship can be changed, according to how the government and Federal Reserve view […]

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Fed Reserve Basics: What is the Federal Reserve?

The question ‘What is the Federal Reserve?’ has been asked countless times by countless news watchers and home owners that are trying to understand how the FED affects mortgage rates and finance in general.  Known as the Fed, this body is the independent central bank of the United States. So why all the uncertainty? Most […]

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How Mortgage Rates Are Affected by Mortgage Backed Securities

Mortgage rates are affected by mortgage backed securities, usually when the money supply significantly increases or reduces. It is important to distinguish between mortgage rates and the Federal Reserve interest rate, also known as the Discount Rate.  While the two tend to go hand in hand over the longer term, short-term variations can occur. We […]

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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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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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Mortgage Rates