Fannie and Freddie announced today they will suspend Foreclosure sells until Jan 09 starting the day before Thanksgiving.
No Foreclosures for the Holidays, business will resume 2009.
This step coupled with the slowing of Housing Starts could lead to a tighter housing supply, thus stabilize declining market...
Housing Starts fell to their lowest levels since 1947 last month.
A “Housing Start” is a new housing unit on which construction has started. Building permits are down, too.
Housing data is rarely positive or negative on a collective level — one group of Americans is going to see...
The FNMA 30 YR 6% Finished Down -6bp today. Given the -427 Sell off in the DOW, we would normally see a Flight to Security (the Bond Market). We did not see the Flight today, this market has indviduals New Flight to Security resulting in Deposits to the Mattress Reserve.
I have successfully finished my Nationwide Mortgage Licensing (NMLS).
Find out if your Lender has.
If they are not NMLS, ask yourself would you drive with an unlicensed teenager?
It’s your Mortgage one of your Largest Financial Investments. It’s your...
If the presence of inflation causes mortgage rates to rise, then the absence of inflation should cause mortgage rates to fall. And, in most markets that’s true.
Today, it’s not.
Despite a deep dip in consumer prices not seen since 1947, mortgage rates are inching higher this...
