by MD Home Reporter on November 29, 2010
RISMEDIA, November 29, 2010—Mortgage rates retreated this week, following two consecutive weeks climbing higher. The average conforming 30-year fixed mortgage rate decreased to 4.58%, according to Bankrate.com. The average 30-year fixed mortgage has an average of 0.40 discount and origination points. To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/. The average 15-year fixed [...]
by MD Home Reporter on November 26, 2010
From the Washington Post today we have this… You’ve probably seen the pitches on TV and the Internet or found them stuffed in your mailbox: official-looking communications complete with logos and letterheads that look vaguely like those used by the Treasury, Internal Revenue Service and other federal agencies.
by MD Home Reporter on November 26, 2010
From the Washington Post today we have this… Rates on fixed mortgages edged up this week, inching further from the lowest level in decades.
by MD Home Reporter on November 22, 2010
RISMEDIA, November 22, 2010—(MCT)—A larger share of homes entered the foreclosure process in the third quarter, though the delinquency rate for mortgages dropped, the Mortgage Bankers Association recently reported. Mortgages at least one payment past due or in foreclosures fell to 13.78% of all mortgages outstanding in the third quarter, down from 13.97% in the [...]
by MD Home Reporter on November 11, 2010
RISMEDIA, November 11, 2010—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 5.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5.4% compared with the previous [...]
by MD Home Reporter on November 5, 2010
RISMEDIA, November 5, 2010—(MCT)—For almost two years, home foreclosures have swept the nation, spreading misery among once-buoyant families, spattering lenders with red ink and undermining efforts to restart the economy. But a bigger problem may turn out to be the millions of Americans who are still faithfully paying their mortgages, but on houses worth far [...]
by MD Home Reporter on October 29, 2010
From the Washington Post today we have this… Rates on 30-year fixed mortgages rose slightly this week to an average of 4.23 percent, just above the lowest level in decades.
by MD Home Reporter on October 28, 2010
RISMEDIA, October 28, 2010—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending October 22, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 3.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.1% compared with the previous [...]
by MD Home Reporter on October 23, 2010
RISMEDIA, October 23, 2010—(MCT)—If you’ve been toying with the idea of taking out a reverse mortgage, it is important to take into consideration that today’s market is significantly different from what it was just a couple of months ago. Monthly insurance premiums on new loans went up this month, making an expensive product even more [...]
by MD Home Reporter on October 21, 2010
RISMEDIA, October 21, 2010—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending October 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index also decreased 10.5% compared with the [...]