Posts Tagged ‘ mortgage rates ’

Real Estate 360 Live With Louis Cammarosano 6/25/12

On Monday June 25, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:10)

Ryan defines and discusses Operation Twist. Louis notes that rolling the short term securities into long term creates demand for the ten year note but that it does not necessarily result in lower mortgage rates. Louis notes that the current low interest rates prohibits savings and encourages more borrowing. Louis notes that consumers need more availability to credit the way a drunkard needs happy hour extended.
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Posted by: Louis Cammarosano on July 8th, 2012 under HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Is It the Right Time to Refinance Your FHA Loan?

The FHA’s new mortgage insurance premium rates went into effect in mid-June, the second change this year and the fifth in four years. As the FHA works to balance the viability of the insurance program and the projected losses on bad loans, they are making it clear that not all FHA-insured loans are created equal. And that is a good thing – for some homeowners.

The FHA changed the MIP schedule on April 9 and again on June 11, creating tiered rates for existing FHA mortgage holders and home buyers looking to secure an FHA mortgage. With the new schedule, first-time buyers or recent loan-holders are now subject to higher monthly premiums (both upfront and annual) to take advantage of low FHA interest rates.

However, the new schedule rewards existing mortgage-holders by offering significantly lower rates and reduced fees in an effort to get stable homeowners spending more money in the economy. In recent years, existing mortgage-holders may have found it difficult to qualify for the FHA Streamline Refinance due to steadily rising insurance premiums. Streamline Refinancing requires a 5 percent reduction in total mortgage payment for refinancing, a hurdle that many homeowners found difficult to clear.

With the new rates, the FHA has significantly lowered the bar for refinancing to homeowners who have held an FHA mortgage for more than 3 years. This is great news, with USA Today reporting that mortgage rates are continuing to drop to record lows.

What do these changes mean to you?

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Posted by: Erin Everhart on July 2nd, 2012 under Financing, Mortgage and Home Loans

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Real Estate 360 Live With Louis Cammarosano 4/16/12

On Monday April 16, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:41)

Ryan reviews the weeks’ economic news.  Louis notes, that when investors move their assets to a safe place, they chose US Treasuries and that drives interest rates down.  Ryan notes that the Bank of America is looking to bulk sell many of their homes. Louis notes that BOFA’s actions may drive home prices lower. Louis and Ryan discuss the potential economic impact of the BOFA proposed sale.

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Posted by: Louis Cammarosano on April 25th, 2012 under Louis Cammarosano on Real Estate Radio

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Mortgage Rates are Great but Should We Wait For Home Prices to Drop Further?

Freddie Mac says that we have the lowest mortgage rates EVER!!  Well maybe not ever but since they started tracking the rates.   So maybe in the last 50 years or so…..

Additionally, home prices have dropped to some of the best prices in a long, long time.   So now the question is:  Do we wait to see how low home prices may go before we buy?

Here is some food for thought……

  1. Many people believe that home prices have found the bottom and are making a turn upward.
  2. Mortgage rates are at the lowest rate in 40 or 50 years.  It is hard to believe they will drop any further and are more likely to move upward.
  3. We should look at the math.

What if………
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Posted by: Wayne Long on August 10th, 2010 under Financing, Mortgage and Home Loans, Guest Bloggers

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September, 2009 Mortgage Rates About as Good as They Get

We ended August and started September with a little rally in the mortgage-backed securities market. Economic figures, while better than the last few months, aren’t pointing to a sustainable economic recovery.  The Fed noted that inflation is hardly at the top of their list in the near future:

After accounting for these factors, the underlying pace of core inflation seemed to be running a little higher than the staff had anticipated. Survey measures of inflation expectations showed no significant change. Nonetheless, with the unemployment rate anticipated to increase somewhat during the remainder of 2009 and to decline only gradually in 2010, the staff still expected core PCE inflation to slow substantially over the forecast period; the very low readings on hourly compensation lately suggested that such a process might already be in train.

That should be good for mortgage rates but there is a tempest in the teapost-a-brewin’.  The Fed might pull back on its mortgage-backed securities purchase program: Continue reading this post

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Posted by: Brian Brady on September 5th, 2009 under Financing, Mortgage and Home Loans, Market Trends

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National Mortgage Rates Report: May 28, 2008

Mortgage rates jumped in the past 7 days because of rising oil prices. This is the staglationary fear I expected. Mortgage rates have increased to 6.0% (30 year fixed) today.

I expect mortgage rates to rise another .25% in the next 14 days for these reasons:

  1. Possible uncertainty at the Federal Reserve Bank.
  2. Oil above $125/barrel (which translates to $4/gal. gasoline at the pump)
  3. Inflation affecting the European economy.

Bond traders hate uncertainty so we expect a lot of volatility through Labor Day. Continue reading this post

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Posted by: Brian Brady on May 28th, 2008 under Financing, Mortgage and Home Loans

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