Mortgage Rates May 11, 2009 – Weekly Forecast

What a GREAT way to start the week.  After a horrible Thursday and Friday last week, the FNAM 30 YR 4.0% regained majority of its losses in today. The MBS closed higher by 50bp, translating into .25%-.375% depending on which rate sheets you or your lender was pricing off.   Mortgage Rates May 11, 2009....

Mortgage Rates Week Review May 4 – 8, 2009 (Chart)

The first week of May is officially over, and Mortgage backed securities once again sold off at the end of the week giving up a total of 30bp this week (FNMA 30 YR 4% Chart). The selloff pushed Mortgage Rates higher for the first week of May. May 2009 Mortgage Rates. This week we saw the economy shed...

How To Purchase A Home As A Co Borrower

Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common. In the video above —...

Build and Destroy – It’s About Time

It is about time!  Kudos Guaranty Bank.  The simplest way to limit the supply is to eliminate it.  Not only does it limit the supply, it detours future dilapidation and possible degradation. Thanks to Vision Victory Manifesto for the...

FED Sr. LO Survey Says….

The recent FED Sr. Loan Officer Survey provides a glimmer of hope for the Loan world. Although rates are low one survey stood out to me; the survey which reflects Sr. LO opinion that guidelines and standards are tightening.  Read the Full Report....