Tag Archives: Refinance

30-Year Residential Mortgage Rates Jump to 3.94 Percent Vs 3.57 Percent a Week Ago

One week following the U.S. Presidential election, 30-year conventional fixed-rate residential loans rocketed up 37 basis points from 3.57 percent to 3.94 percent as investors commenced dumping their low-yielding Treasuries in anticipation of rising rates due to a stronger economy. Mortgage rate data are from Freddie Mac’s weekly Primary Mortgage Market Survey http://www.freddiemac.com/pmms/archive.html?year=2016. The 37 …Read more

A Look at Refinance and Purchase Lending Expectations for 2016

Transaction volume is the backbone for real estate professionals. Sellers selling, buyers buying — and for those impacted by refinancing – borrowers with mortgage loans refinancing are key to the livelihoods of an array of real estate professionals. Except for all-cash buyers, lending is the key metric in showing past and future transaction volumes. Lending …Read more

Rapidly Shrinking Shadow Inventory Reported by the HousingWire — A Look at the Supply Side of the Equation (written September 25, 2012)

Earlier today I wrote about how economic demand for real estate in some small towns was increasing. I stated “Economics 101 teaches us that price changes in assets, goods and services are a function of supply and demand. The economic demand (versus demographic demand) for real estate is a function of job growth and income.” …Read more

Foreclosures Decline 24 Percent June 2012 Vs. June 2011 CoreLogic Reports. HARP Lending 18 Percent of Residential Lending Mix Per Freddie Mac

CoreLogic, a premier provider of real estate and consumer related data, just released the latest info on U.S. housing markets from a default perspective. Another report from Freddie Mac adds to this, as well as an excellent summary by the Mortgage Bankers Association (MBA). Key Findings from CoreLogic, Freddie Mac and the MBA include: 60,000 …Read more

HARP 2.0

Fannie, Freddie & MBA Forecast Changes Oct 2011 to Nov 2011 The President announced a change to the HARP program (essentially loan modifications to borrowers with loans that are currently held by Fannie Mae and Freddie Mac that are performing but underwater).  The real key to these modifications is that now the lender is no …Read more

Diminished Lending Volumes Ahead Per MBA

The Mortgage Bankers Association just released their latest forecasts for the remainder of 2011 and 2012 and there is both good news and bad news.  Good news is that the MBA has raised their forecast for refinance activity lending volumes for the remainder of 2011.  Bad news is that total lending in 2011 is forecast …Read more

Quoted in American Banker

 The article in American Banker from Friday, August 20th can be read in its entirety at ALTA.com  Could 4.5% Refis Be a Balm for Mortgage Crisis?– American Banker via ALTA

Below 4% 15 and 20-Year Fixed-Rate Loans Now Making Up 1/3rd of Refinance Transactions

As interest rates have tracked down, many homeowners are now taking advantage of using 15 and 20-year fully-amortizing, fixed-rate loans.  Since these are shorter in duration than 30-year loans, they also feature lower interest rates. Last week, according to Freddie Mac, while 30-year rates averaged 4.44 percent, 15-year loans were record-low 3.92 percent. While the …Read more