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The Mortgage Market Week Ahead
The Mortgage Market Advisory™ The Week of January 11, 2010 Provided by Amy Arey Mortgage pricing ended the week slightly better by about .300 and kept the 30-year conforming fixed mortgage rate around 5.00%, The Employment report was weaker than expected last week and the unemployment rate remained at unchanged at 10.0%. The release of the Fed minutes was no surprise- they are committed to keep... [Read more]
Thinking of Owning Your First Home? Below is Documentation You Will Need For Your Lender:
Thinking of Buying A Home But Not Sure Where to Start? When you apply for mortgage financing, you must provide the following documentation to the lender before your loan is granted: •Name and address of landlord(s) for the past two years (if eligible). •Proof of all income from the past 24 months (tax returns, pay stubs). •Previous two years’ W-2 forms. •Copy of most recent year-to-date... [Read more]
Mortgage Update, and Last Week in Review
Last Week in Review “ALL GOOD THINGS MUST COME TO AN END…” Or so the popular saying goes. And last week, the Fed reiterated once again that their Mortgage Backed Security (MBS) purchase program…the program that has helped keep home loan rates low for much of the last year…will end on March 31, 2010 as previously stated. Here’s the lowdown on what this means,... [Read more]
FHA Loan Programs and Options
Are you having trouble making your monthly mortgage payments? Refinance now with an FHA Refinance, the best option for those stuck in subprime or ARM mortgages. Take advatange of the goverment stimulus plan and reduce your mortgage payments in a time frame of 2 weeks. FHA Loans offer many advantages. An FHA Home Loan is a government-subsidized loan that is popular with first-time homeowners. FHA... [Read more]
Mortgage Market Update-12/14/2009
SHORT-TERM TREND (10 days or less). Favors higher rates. SUGGESTED PIPELINE STRATEGY: As I mentioned in this space on Friday, from a technical perspective it appears likely the price of the Fannie Mae 4.5% 30-year fixed rate mortgage-backed security will slide lower into the 101.093 to 100.781 price range before attracting enough buyers to turn things around. I strongly recommend that you limit... [Read more]
