Mortgage & Financing
Mortgage Rate News
October 13, 2011 by Monica McNamara · Leave a Comment
Mortgage Rates on the Rise, But Still Near Historic Lows October 13, 2011 (www.bankrate.com) Via Paul Soule, Coldwell Banker Home Loans. Mortgage rates climbed this week after investors became less pessimistic about the financial crisis in Europe and the employment market in the United States. But rates remain near all-time lows and are expected to [...]
Home Mortgage Rate Update
May 5, 2011 by Monica McNamara · Leave a Comment
Bin Laden’s Death and European Debt Crisis = Good News for Mortgage Rates May 5, 2011 One factor that may contribute to keeping rates low for now is the fear of potential retaliation from terrorist groups after the death of Osama bin Laden. The United States kept its official threat level unchanged after the al-Qaida [...]
Let’s Talk Mortgage Interest Rates
March 28, 2011 by Monica McNamara · Leave a Comment
The latest mortgage information shows that interest rates were up slightly this past week. Still very affordable rates. They remain at near historic lows. Here’s what’s driving our rates as shared with us by Paul Soule, Senior Mortgage Advisor with PHH Home Loans in Ocean City, Maryland. March 24, 2011 Inflation Concerns Hurts Bond Demand [...]
Market Briefs – 30 Years Back to 5%
February 19, 2011 by Monica McNamara · Leave a Comment
Thirty-Year Back to 5 Percent Freddie Mac’s latest survey reports longer-term rates eased a bit this week as was expected when Treasury yields fell slightly. The 30-year fixed-rate mortgage (FRM) averaged 5.0 percent for the week, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 4.93 [...]
Housing Market Update – The Economic Calendar
February 15, 2011 by Monica McNamara · Leave a Comment
The Housing Market Update – The Economic Calendar Market Summary With Egypt dominating the news, some significant items of interest to the housing market might have escaped notice. Unfortunately, some of them were on the unpleasant side. Mortgage rates took an upward move across the board with the 30-year breaking the 5% barrier for the [...]
What Does the Federal Reserve Do Anyway?
October 4, 2010 by Monica McNamara · Leave a Comment
With the economy in the news every day, more attention is being focused on the Federal Reserve than ever before. The Federal Reserve is made up of twelve Federal Reserve Banks, overseen by the Board of Governors. The Board of Governors is located in Washington, DC and is comprised of just seven members, who are [...]
Top 10 Credit Don’ts During The Loan Process
September 23, 2010 by Monica McNamara · Leave a Comment
So many buyers are taking advantage of interest rates at historic lows, either by re-structuring debt with a refinance or purchasing a new home or condominium. However, the recent economic issues have created even tougher guidelines and credit requirements and there are some things that consumers must be aware of when applying for a loan. [...]
Ocean City Real Estate Market Report-June 2010
July 19, 2010 by Monica McNamara · Leave a Comment
June Market Report
Fannie Mae to Deny New Mortgages to All Strategic Defaulters for 7 Years
June 24, 2010 by Monica McNamara · Leave a Comment
June 24, 2010 (Washingtonpost.com) Government-sponsored mortgage purchaser Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for seven years. Troubled borrowers who do not try in good faith to work out a deal, but have the capacity to pay, are targeted [...]
Senate OK’s New Tax Credit Closing Deadline
June 17, 2010 by Monica McNamara · Leave a Comment
You may have seen today’s Inman News article reporting on the Senate’s approval of an amendment to a bill that would, among other things, provide for an extension of the June 30 closing deadline for buyers who took advantage of the federal government’s tax credit. While the Senate has approved its version, differences with the [...]
