Mortgage rates hit a five-week low
Getty Images The distressed mortgage market continues to grow smaller in the proverbial rear-view mirror with the share of mortgages that were past due in April falling to a record low rate.
MBA assembles task force to revisit single-family GSE reform Tim Dale – housingwire.com – The Mortgage Bankers Association formed a task force to revisit the future of the single-family secondary mortgage market, MBA Chairman Debra Still said.Executive vice president tim.PennyMac revenue jumped 34% in 2014 Updated Nov. 10, 2014 8:46 am ET WhiteWave Foods Co. said its revenue grew 34% in the third quarter, helped by its earthbound farms acquisition and strong growth in Europe. The results exceeded.Solar panel telemarketer faces charges over unlawful robocalls Colorado AG indicts family for mortgage-fraud scheme Mercury Network: There’s no need to freak out about Collateral Underwriter solar panel telemarketer faces charges over unlawful robocalls JW Showcase JW marriott grosvenor house london revamps meeting spaces and More – The JW Marriott Grosvenor House London is showing off some revamped.
Mortgage Rates Hit Six-Week Low at 5 Percent – HousingWire – "Rates for both the 30-year and 15-year fixed-rate mortgages were the lowest in six weeks; initial rates on 5/1 hybrid ARMs hit an all-time low since they were added to the survey in the.
· The result was that mortgage rates rose to over 4% on most programs. Just this week, geopolitical concerns (which tend to help rates and hurt stocks) have been added to the mix with several potentially alarming headlines.
Mortgage Applications Plunge, Purchases Hit 6-Month Lows Despite mortgage rate plunging to near two-year lows, the mini refi-boom has stalled and purchase applications continue to plunge. Overall mortgage applications fell 6.2% from last week with both refi (-7.6%) and purchase (-4.0%) sliding.
Mortgage rates have fallen. If you’re on the fence about purchasing a home or refinancing your home, this is the window you’re looking for.
Calabria: Ending the net worth sweep is step one of GSE reform, IPOs are an option FHFA: Home prices increase again, rise 1.3% The numbers: Falling gasoline prices held inflation in check in May, though rent, food and medical care cost more. The consumer price index rose a scant 0.1% in April, the government said.NCSHA supports a strong, healthy GSE system in order to ensure stability, liquidity, and affordability in the home mortgage market. NCSHA’s position paper on GSE reform calls for a system with an explicit government guarantee, robust affordable housing goals, and a clear commitment to partnering with HFAs.
HUD, the parent of FHA, has announced that they will be lowering the annual FHA mortgage insurance premium from 1.35% to 0.85% effective January 26, 2015. This is a huge savings for FHA loan borrowers on a 30 year fixed rate fha mortgage loan. Related> Mortgage rates hit 18 month low. Related> Mortgage rates drops to 19 month low
Where are the non-bank servicers? nonbank mortgage originators and servicers-i.e. independent mortgage companies that are not subsidiaries of a bank or a bank holding company-are subject to far greater liquidity risks but are.
How low the Fed’s action alone will push mortgage rates is anybody’s guess, but take a look at what lower rates would mean. A $250,000 mortgage financed at today’s readily available 4 percent rate would cost about $1,194 a month for a principal and interest payment. Cut the rate to 3 percent and the payment falls to $1,054.
CoreLogic: More foreclosures lead to fewer underwater mortgages The number of local homeowners "underwater" on their mortgages is falling as the housing market heals, CoreLogic reported Tuesday. About 11 percent of St. Louis-area homeowners with a mortgage.
Several countries’ gauge of manufacturing strength hit multi-year lows, were disappointing. and sales for April and March were also revised lower. Despite the low mortgage rates, low unemployment,
Mortgage Rates Hit 7-Month Low Fixed mortgage rates have fallen for a fifth consecutive week, reaching their lowest levels in seven months, according to today’s Freddie Mac weekly rate survey. average interest rates on 30-year fixed-rate mortgages edged down to 4.12 percent this week, while the average on 15-year fixed-rate loans dropped to 3.