Friday’s Mortgage Interest Rates

Update 12:23 p.m.  Of course I no sooner post rates (stalling at RCG over the rates I posted this morning at Mortgage Porter) and I’m seeing new rate sheets with “price worsening”.   Argh.   Please contact your Mortgage Professional for current rates and to see if you should lock in at this time.  I do not advise floating [more...]

Date: 2007-09-28 19:14:47
Blog: Rain City Guide | A Se...

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It’s Friday again..and today’s rates are… July 6, 2007

Avatar Here are current mortgage interest rates as of today, July 6, 2007: Conforming Mortgage Rates ( ... loan amounts up to $417,000 for 1-unit properties). Conforming rate quote below based on owner occupied with minimum credit scores of 680 with an 80% loan to value or lower. Rates quoted are priced [more...]

Date: 2007-07-07 02:48:38
Blog: Phoenix Real Estate an...

Don’t Look Now But The Second Shoe Is About To Drop!

By: Dean Konstantine Did you know that 70% of adjustable rate mortgage will be adjusting in the next 12 to 18 months? ... since they kept their rate unchanged today. Leaving mortgage rates to continue to climb if current ... The worst may still be ahead for the sub-prime mortgage holders. The 2/28 loans [more...]

Date: 2007-08-08 04:12:22
Blog: CUE ORG For Better Educ...

Current Mortgage Interest Rates - June 29, 2007

Rates held steady this week, not really too much change ... time to be a rate shopper trying to catch “the lowest” rate. One of the services we offer with Century 21 Mortgage is the ability to protect your interest rate for up to 90 days while you shop [more...]

Date: 2007-06-30 02:50:39
Blog: Phoenix Real Estate an...

30 Year Versus 15 Year Mortgages Continued: What About Income Tax?

Earlier this week, I compared the real cost of 15 and 30 year mortgages of $200,000 at the current market rates, ... of the 30 year mortgage in today’s dollars from the first quote), it’s a total savings of $18,657.97 ... s well worth reading. The high point: The fifteen year mortgage is still cheaper, but by much less [more...]

Date: 2007-08-16 21:00:52
Blog: The Simple Dollar...

7 Tips to Get on the Property Ladder

Despite the much publicised problems in the US Housing Market, ... to live rent free when you have paid off the mortgage. Mortgages do fluctuate with interest rates. However, generally, mortgages become easier to pay over time. If your mortgage payments are currently [more...]

Date: 2007-09-11 15:53:04
Blog: lifehack.org : Product...

Market pressuring Fed to lowering rates even more

From Financial Times, Monday, August 20: The dramatic decline in the yield on short-term Treasury bills on Monday further strengthened market ... rate trend tool that compares historical mortgage rates with economic indicators.Yesterday ... reflected in the current sea change of asset reallocation. Note 30-year fixed mortgages are still [more...]

Date: 2007-08-21 01:34:35
Blog: TRANSPARENT REAL ESTAT...

$15 Million Proposed to Help 100 IL GI's Afford Homes

from the Gov's press office, May 14, 2007     CHICAGO – Governor Rod R ... interest, 30-year fixed rate mortgages to qualifying former and current service men and women ... offers a low-interest rate first mortgage for 80 percent of the purchase price and an interest-free [more...]

Date: 2007-05-14 17:16:18
Blog: Illinois Channel...

Midday Tidbits: Special Credit Edition

A few thoughts as the bottom falls out from the stock market amid credit worries, ... are expected to default over the next two years, with the subprime adjustable-rate mortgage segment hardest hit at a foreclosure rate of 10% by mid-2008 versus the current 4% rate. No surprise there. The risk [more...]

Date: 2007-07-26 08:21:00
Blog: MarketBeat Blog - WSJ.c...

Schumer: Says Will Propose Bill Expanding GSE Conforming Limits, Portfolio Caps

The Wall Street Journal reports that Senator Charles Schumer is the latest on Capitol Hill to weigh in with what he sees as a solution to the ... . Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt Consolidation ... current mortgage crisis: he will propose a bill to expand porfolio limits and raise [more...]

Date: 2007-09-10 14:38:56
Blog: Housing Wire ...

Osama’ll Come Out Tomorrow, Bet Your Bottom Dollar

According to the AP’s report of the new Osama bin Laden videotape, He also shows a grasp of current events, ... of a mortgage crisis. Now there’s a motive for the world’s most sinister terrorist: His adjustable rate mortgage is coming due and he can’t get a subprime loan to pay for a new Prius.  Until Bernanke cuts [more...]

Date: 2007-09-07 23:37:57
Blog: Extreme Mortman - Just ...

Mortgage Confusopoly Disintermediated

Adam Shostack finds a company distintermediating the other half of the house buying confusopoly, mortgages: ... profile getting different rates on the same loan, which can happen currently. — SmartHippo.com Launches ... individuals to use the power of a community to save money and make better decisions when shopping for rates [more...]

Date: 2007-09-27 16:26:50
Blog: Perilocity...

Current Mortgage Rates: Why They Rose After The Fed Cut

(more…) --- Related Articles at The Mortgage Insider:Reverse Mortgage BasicsServicing Mortgage Bank LiesDubious FTC Study on Mortgage Disclosures ... Refinancing Mistakes [more...]

Date: 2007-09-22 19:25:37
Blog: Home - The Mortgage In...

HOUSE OF REPRESENTATIVES PASSES H.R. 1852 MAKING IT EASIER TO OBTAIN FHA LOANS IF THE SENATE FOLLOWS SUIT

The new law will enable FHA to serve more subprime borrowers at affordable rates and terms, ... loan opportunities to borrowers struggling to meet their mortgage payments in the midst of the current turbulent mortgage markets. The bill contains the following important points for you the mortgage [more...]

Date: 2007-10-01 21:07:00
Blog: Reliberation | Real Est...

Not Good News In One Sense

Not Good News In One Sense But maybe okay news for the likely consequences ... the meltdown in the subprime mortgage market that triggered the current financial crisis. The Center ... interest rates in the 1990s to deal with what Alan Greenspan called "excessive exuberance"? Well, each [more...]

Date: 2007-09-20 21:47:44
Blog: Clayton Cramer's BLOG...

Brain Damage?

In "Bipolar Disorder?" I explored a theme I've touched on before: the Alice-in-Wonderland disconnect between stocks and bonds, ... speculated the worst may be over for banks and construction companies hurt by subprime mortgage ... when prices were more than double current levels, and only cut their rating from "buy" to "hold" on July [more...]

Date: 2007-10-02 01:07:45
Blog: Financial Armageddon...

Current Foreclosure Crisis Deemed the Worst in U.S. History

Sep 14, 2007 According to the most recent foreclosure numbers released by the Mortgage Bankers Association (MBA), the U.S ... The foreclosure rate recorded in the last quarter has increased beyond the highest point seen ... adjustable rate mortgages. In states with severe foreclosure issues, like Michigan, one in every 100 [more...]

Date: 2007-09-26 14:01:57
Blog: CRIMES AND CORRUPTION O...

Whither the ECB?

Edward Hugh is wondering whether ECB President Trichet is even paying attention to what is going on with the euro. So this is the point ... now has the current ECB rate as neutral, and of course, if the fundamentals are deteriorating, neutral ... of the subprime mortgage meltdown, what would you prefer to adjust if not the exchange rate? "Yes, King [more...]

Date: 2007-09-27 19:55:49
Blog: SCSUScholars...

Melvyn Krauss: Don't Crucify Labor on a "Cross of Moral Hazard and No-Bailouts"

I like this, perhaps because it echoes and provides a foundation for some of the points I've been making ... interest rates in the midst of a financial crisis recalls the great American orator William Jennings Bryan’ ... for risk” – is the key reason behind the current sub-prime mortgage and financial crisis. To avoid future [more...]

Date: 2007-09-01 00:22:00
Blog: Economist's View...

Does the Press Report or Cause?

I was talking to a friend the other day who was lamenting the current situation in real estate ... is that often the news media take negative news, in this case about real estate, mortgage rates ... recruiting, Wisconsin help wanted, real estate market, Mattel [more...]

Date: 2007-09-11 16:40:23
Blog: Frequently wrong, never...

First-Time Homebuyers Loan

We've mentioned that FHA, VA, and Cal-HFA government-sponsored loans (the govies) ... and 40-year fixed-rate loans up to $500,000 No mortgage insurance (PMI) Debt ratios up to 50%, and sellers ... is what you need to qualify:Two years' tax returns and W2s One month of current paystubs 3 most recent [more...]

Date: 2007-08-19 13:49:28
Blog: bubbleinfo.com - Journa...

REAGAN TAX CUTS LIFTED AMERICANS

President Reagan's momentous policy change -- the enactment of a 25 percent across-the-board tax cut in 1981 -- unleashed the entrepreneurial ... in 1980 to 4.1 percent in 1988. Interest rates lowered from 18 percent on a 30 year fixed mortgage in 1981 ... a flat percentage without deductions, or the option to use the current complicated system [more...]

Date: 2007-08-14 13:28:56
Blog: NCPA | A Leader In Prom...

Efficiently Consolidating Your Debt

Every month there are tons of bills that come in. There are utilities, car loans, student loans, health insurance, mortgage or rent, cell phone, ... is to take all of the credit cards that are currently in your possession, and try and find the lowest interest rate between all of them. After you find the lowest issuer, try to transfer [more...]

Date: 2007-08-30 06:24:53
Blog: Niche Portal Blog...

Considering growing the family? Sell the old house first!

According to the National Association of Realtors (NAR) it will currently take longer to sell your average home than it does to have a child ... suggests otherwise and states that the cost of a mortgage is more favorable today than it was a year ago; “According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed [more...]

Date: 2007-08-30 02:41:39
Blog: Zillow Blog - Real Est...

Nervous Yet?

Still the Early Stages of Financial Reckoning By David Ignatius Washington Post "If something is 'unsustainable,' that means it won't be sustained ... its sharp rate cut, which was the market's collective shout of "whoopie!" But among seasoned traders ... seen of the current financial picture is the September quarterly report by the Bank for [more...]

Date: 2007-09-28 04:14:47
Blog: The Elephant Bar...

Below the Fold: The Price of Wheat in Russia, Or Everyday Inflation and Us

Michael Blim "What has that got to do with the price of wheat in Russia? ... , they believe, are relevant to measuring real inflation. They are excluded from “the core rate ... the interest rates on money. They set the prime interest rate that is the benchmark for all other interest [more...]

Date: 2007-09-24 07:05:57
Blog: 3quarksdaily...

Autumn Linkfest: Week in Preview

Yesterday we looked at the week that was. Today, we preview the week that might be ... weight in on Thursday, when the BOE and the ECB both announce any rate changes. Factory Orders [more...]

Date: 2007-09-30 22:30:00
Blog: The Big Picture...

Permanent Link to Rebuilding with Rebuild.Org

Rebuilding with Rebuild.Org Tackling another long and overdue review, this time we visit Rebuild.Org ... who can understand and forgive your current credit issues. Whether you are searching for an auto, personal, payday loan, seeking debt consolidation, mortgage loans, home refinance or a home equity [more...]

Date: 2007-09-24 17:27:10
Blog: Blog About Your Blog...

Subprime global perspective

Want a better understanding of the global implications of the complex mechanisms that are used to fund mortgage lending today ( ... to Housing Wire). The report also presents some evidence that it may take some time for mortgage markets ... tighter underwriting standards." Interest rate resets won't peak until next year [more...]

Date: 2007-09-25 17:25:24
Blog: Inman News Blog...

Kerry Offers Plan for a 21st Century Economic Strategy

Today, in Boston’s historic Faneuil Hall, Senator John Kerry laid out a plan for a 21st Century economic strategy for America’s middle class in a globalized world. His plan included universal health care, tax reform, green jobs, home ownership, and a renewal of the international labor movement [more...]

Date: 2007-10-02 02:54:53
Blog: The Democratic Daily ...

Greenspan Defends Subprime Mortgage Market

Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market, arguing the repackaging and sale to investors of risky home loans -- not the loans themselves -- was to blame for the current global credit crisis. Greenspan warned [more...]

Date: 2007-10-02 13:19:46
Blog: NewsFactor Business...

Inflation and the Federal Reserve by Richard C. Cook

Dandelion Salad by Richard C. Cook Global Research, October 2, 2007 No term in the “dismal science” of economics is more misunderstood than “inflation.” The word means “rising prices,” but is used at different times by different people to describe totally different phenomena [more...]

Date: 2007-10-03 07:07:23
Blog: Dandelion Salad...

Please Ignore the Inventory Behind the Curtain: Lenders and Agents now Holding Open Houses Together.

Please Ignore the Inventory Behind the Curtain: Lenders and Agents now Holding Open Houses Together. Great things come in pairs ... it out via mortgage equity withdrawals? Refinance, spend, let equity build up, and repeat the process ... . Our savings rate went negative during this glorious housing golden era. The only problem is this “healthy” [more...]

Date: 2007-09-27 20:51:44
Blog: Doctor Housing Bubble B...

Alan Blinder: Who Caused the Mortgage Mess?

Alan Blinder says it's time to start pointing fingers. All six of them: Six Fingers of Blame in the Mortgage Mess, by Alan S ... about devising a “suitability standard” for everyone who sells mortgage products. Under current law ... . Blinder, Economic View, NY Times: Something went badly wrong in the subprime mortgage market [more...]

Date: 2007-09-29 21:43:00
Blog: Economist's View...

"I Really Believe That Economics Can Make the World a Better Place"

Frederic Mishkin is interviewed by Gary Stern of the Minneapolis Fed. The interview was conducted last May, but it wasn't posted until recently. The initial discussion on the health of the financial system is interesting given recent troubles in mortgage markets: Interview with Frederic Mishkin, The Region, FRB Minneapolis, May [more...]

Date: 2007-09-28 19:06:00
Blog: Economist's View...

Define "affordable"

I can't resist adding my two cents to this weekend's New York Times article about affordable housing options in NYC: Even in New York, ... hour. Or would it? In the current market, staying in Manhattan for $200,000 or less would [more...]

Date: 2007-09-29 22:31:34
Blog: Escape Brooklyn...

HEDGE FUND NEWS @ 03 October 2007

FINTAG COMMENT Take a bottle of water, add some color and vitamins and make 400%. Now I understand why the US markets are in denial ... were assaulted is exposed. Old timers and Fixed Rate timers face a tough Christmas. Did Hyperion ... , "mainly related to deteriorating conditions in the US sub prime residential mortgage market," would [more...]

Date: 2007-10-03 10:11:12
Blog: FiNTAG: Hedge Funds: Se...

Bank Balance Sheets and Earnings

Let's take a look at banks balance sheets credit card growth and other things through the eyes of Minyan Peter, who " ... lenders of last resort. As consumers have been shut out of the mortgage and home equity world [more...]

Date: 2007-09-30 18:41:32
Blog: Mish's Global Economic ...

The Hurrieder I Go, The Behinder I Get

It's frustrating being an Ed Morrissey wannabe. In order to properly keep up with the blogging fodder, I would need to quit my day job and do this full time, when, of course, I can't earn a living by doing this or my version of Heading Right Radio. So I'm perpetually several days behind the cutting edge. It's either that or give up sleeping [more...]

Date: 2007-09-30 04:07:45
Blog: Hard Starboard...

Data Feed

Bond Watch: Still Bid The market is seeing some buying heading into the final session of the quarter ... end sees strong interest on expectations of further rate cuts. Bond prices in the EuroZone were [more...]

Date: 2007-09-28 12:41:22
Blog: Trading for the Masses...

Data Feed

Gapping up: EFUT +13.2%, MBRX +12.7%, GRRF +9.8%, CSASR +9.2%, HIHO +9.1%, SCOR +8.2%, WON +7.1%, SSTR +5.0%, BOBJ +3.7%, PNRA +3.2%, DB +3.0%, CIEN +2.7%, HBC +2.4%… Gapping down: MWY -12.6%, RCH -8.6%, PFCB -9.1%, CTDC -7.3%, CRNT -6.6%, ACTS -6.6%, JRJC -4.3%, KONG -4.1%, MU -4.0%, CHNR -4.0%, CPSL -3.4%, LFC -3.0% [more...]

Date: 2007-10-03 13:00:54
Blog: Trading for the Masses...

August New Homes Sales Fall 8.3%, More Than Expected, Lowest In 7 Years

Related New home sales tumble to lowest level in seven years --- August new homes sales fall more than expected Thu Sep 27, 2007 10: ... to a 795,000 annual sales pace, its slowest rate in over seven years, while the inventory of homes ... August sales to fall to an annual rate of 830,000 from July's previously reported rate of 870,000 [more...]

Date: 2007-09-27 14:57:55
Blog: CRIMES AND CORRUPTION O...

Bernanke to the Rescue...Watch Out!

"Furthermore," Shedlock notes, "the Fed executed a whopping $38 billion in repos (short-term bank loans) ... only Treasuries as collateral. This is a sign of continued panic by the Fed to contain these mortgage-related problems."" --- Baltimore, Maryland Friday, September 28, 2007 What the rate cut [more...]

Date: 2007-09-29 17:38:27
Blog: CRIMES AND CORRUPTION O...

The Credit Crisis Could Be Just Beginning

Investing By Jon D. Markman Special to TheStreet.com 9/21/2007 6:40 AM EDT Satyajit Das is laughing. It appears I have said something very funny, but I have no idea what it was. My only clue is that the laugh sounds somewhat pitying. One of the world's leading experts on credit derivatives ( [more...]

Date: 2007-09-24 18:24:04
Blog: CRIMES AND CORRUPTION O...

Fed Projects a Four Year Long Recession

Submitted by Mike Swanson on Mon, ... in debt and the associated decline in saving out of current income have probably been the combination [more...]

Date: 2007-09-24 18:20:22
Blog: CRIMES AND CORRUPTION O...

Fed rate cut only benefits reckless investors while 'the prudent are paying the price'

Investors to Fed: Thanks for nothingThe reckless are getting relief from Bernanke while the prudent are paying the price, ... have to take such a pledge when they assume office, because their recent interest rate cut has done ... . The stock market, which had been begging for a bailout and hasn't ever seen an interest rate cut [more...]

Date: 2007-09-29 17:28:57
Blog: CRIMES AND CORRUPTION O...

How the Market Will Unravel

By Doug Kass RealMoney Silver Contributor 9/24/2007 2:11 PM EDT This post originally appeared in Doug Kass' blog on RealMoney Silver on Sept ... anywhere near the degree to which they have in the past. The binge of mindless mortgage (and other ... of unscrupulous mortgage lenders in the U.S. who fed the machine of packagers of credit on Wall Street [more...]

Date: 2007-09-25 20:30:01
Blog: CRIMES AND CORRUPTION O...

Is The Fed Flushing Out The “Excess Credit” Demons?

by Aaron Krowne Sunday, September 23, 2007 My summary answer to this question is “no”. The debate spurring my remarks here, which is presently raging in the Fed-skeptic/hard money camp, has splintered into the “austere Fed” vs. “profligate Fed” sub-camps [more...]

Date: 2007-09-25 18:09:43
Blog: CRIMES AND CORRUPTION O...

Mortgage mess fallout may fall to middle class

By TEDDYE SNELL tsnell@tahlequahdailypress.com TAHLEQUAH DAILY PRESS— For people who don't have degrees in finance and banking, trying to understand the current market situation and subprime mortgages may prove as difficult as understanding quantum physics. Some experts believe those involved in creating the "mortgage mess [more...]

Date: 2007-09-26 18:17:55
Blog: CRIMES AND CORRUPTION O...

Please Ignore the Inventory Behind the Curtain: Lenders and Agents now Holding Open Houses Together

"What is now happening is even homes that go into contract are falling through the cracks ... and you will get a good sense of the current housing market. In fact, many folks go home and get a nice case of buyer’s remorse. The mortgage market is tanking." --- September 27, 2007 Great things come [more...]

Date: 2007-09-28 16:00:02
Blog: CRIMES AND CORRUPTION O...

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