UNHARPING? Sure! If it makes sense! If I refinanced your loan with a HARP loan, chances are your rate is over 5%. It may be time to see if your equity has recovered to refinance into a lower rate conventional mortgage! DSNews By: Brian Honea January 29, 2016 Approximately 3.4 million homeowners […]
Economist: TRID is Not Affecting Housing Market Potential DSNews by: Brian Honea January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]
One Rate Hike Down; How About Another? DSNews by: Xhevrije West January 8, 2016 Many in the mortgage industry were anxiously waiting to view the results of the first jobs report of 2016 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the central bank acted […]
Majority of Americans Unconcerned Over Fed’s Rate Increase DSNews by Scott Morgan January 20, 2016 In a recent survey which asked consumers how they felt about the effect of the Federal Reserve’s recent rate hike on the economy, more than half of respondents (56 percent) were not concerned—Any worries expressed over the Federal Reserve’s recent […]
DSNews: Author: Brian Honea January 23, 2015 Just one month after experiencing the largest monthly increase in six years, the nation’s mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services’December 2014 “First Look” at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 […]
BY: Diana Olick of CNBC, November 5, 2014 Mortgage rates are back to the highest level in a month, and if news from the U.S. economy stays positive, they could edge ever higher. While the brief drop a few weeks ago, due to concerns over global economic growth, may already seem like a distant memory, we […]
Mortgage rates have yet to find their bottom in 2014, dropping again this week to their lowest level since last October. In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at […]
DSNews BY: Tory Barringer May 15, 2014 Mortgage rates pulled back slightly again this week, responding to what little major economic developments there were. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year average fixed-rate mortgage (FRM) eased to 4.20 percent (0.6 point) for the week ending May 15, a drop of just 1 […]
