Bank Reposessions Top 100,000 In A Month For The First Time Ever

The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac. The term “foreclosure filing” is a catch-all word for housing, comprising default notices, scheduled auctions, and bank repossessions. September marked the 19th straight month that...

Fed Minutes Edge Mortgage Rates Higher

The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates in Washington are slightly higher today. It’s unwelcome news for this season’s home buyers, and existing homeowners with plans to grab lower rates. Mortgage rates made new lows last week and may...

What’s Ahead For Mortgage Rates This Week : October 12, 2010

Mortgage markets improved last week on mixed messages about the economy, and a growing belief that the government will move to stimulate the economy. Conforming mortgage rates in Washington eased lower. According to Freddie Mac’s weekly mortgage market survey, average mortgage rates nationwide fell to...

Jobs Data Shows Private Sector Growth, Hints At Lower Mortgage Rates

On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report from the month prior.  This month, though, because the first Friday of the month was also the first day of the month, the report was delayed one week. The report hit the wires at 8:30 AM ET this...

Fannie Mae Rolls Out New Lending Rules December 13, 2010

Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines. For some mortgage applicants of Washington , the loan approval process will simplify. For others, it will toughen. How you’ll be affected personally will depend on your credit profile and your loan...