Monday Mortgage Update 3-1-10
Mush of the optimism about the pace of economic recovery evaporated last week, as economic news turned mostly sour. Consumer confidence plunged, and both new, and existing, home sales slowed considerably. While mortgage rates moved upward in last week’s Freddie Mac survey, they may begin trending downward if economic news this week continues to point to a [...]
New Regulations for the Truth in Lending Act
This Thursday, July 30th, new regulations will go into effect that revise the Truth In Lending Act (TILA), changing the way loan terms are disclosed and mortgage fees are collected. The changes are a result of a provision in the Housing and Economic Recovery Act (HERA), which was passed by Congress in July 2008. The [...]
Monday Mortgage Update 6-15-09
Thank you to Katie Mahoney, Carolina One Mortgage, 843-345-7009, for providing this info.
Mortgage rates started last week where we left off the week before – on the rise. However, Thursday market sentiment seemed to change, and we saw a reversal, with mortgage rates ending the week slightly better than where we started. What has caused [...]
Fixed-Rate Mortgage Rates Rise
Rates follow long-term bond yields, pushing 30-year fixed-rate to 4.91%
By Amy Hoak, MarketWatch
CHICAGO (MarketWatch) — Rates on fixed-rate mortgages rose this week as the financial markets tried to discern the state of the economy, Freddie Mac’s chief economist said on Thursday.
The 30-year fixed-rate mortgage averaged 4.91% for the week ending May 28, up from last [...]
The First Time Home Buyer Tax Credit Explained
I know I have had a lot of mortgage market posts lately. However, things are changing so quickly that i feel it is really relevant and important information for all of my clients to be aware of. Please see below from Katie Mahoney, Carolina One Mortgage, 843-345-7009:
Everything You Need To Know About The $8,000 First [...]
Changes to Mortgage Insurance Guidelines
Here are some very important changes in the mortgage market that could affect a lot of people. This comes from Katie Mahoney, of Carolina One Mortgage, 843-345-7009.
Monday Mortgage Update 1-26-09
There are some very important changes taking place with mortgages soon that, as your trusted mortgage adviser, I wanted to be sure you knew about. This update may take you more than two minutes to read, but it’s NEWS YOU NEED TO KNOW!
Monday Mortgage Update 1-19-09
Interest rates are again at historic lows, but this time the housing market is different. Refinancing activity is up dramatically as rates have dipped below 5% at times, but unfortunately, these attractive rates have not drawn in more home buyers. Yet, this refinancing boom will likely have a favorable impact on your business in the [...]
Monday Mortgage Update 1-5-09
Thanks to Katie Mahoney, 843-345-7009
Carolina One Mortgage: Your source for current mortgage news and information.
Capital Markets Update:
Welcome to the new beginning. Hey, there’s really no where to go but up, right? I’d like to believe people are going into 2009 with a lot more optimism than they were in 2008. As we know, last year [...]
Monday Mortgage Update 12-29-08
Thanks to Katie Mahoney, Carolina One Mortgage, 843-345-7009
Capital Markets Update:
As we all know, for many people, 2008 has been filled with personal and professional challenges, to say the least. I thought about writing a “year in review” piece, but I figured why relive the bad news, as I always say, “It’s not safe driving forward [...]
