Refinance

Mortgage rates plunge below 4% as investors flee the ‘Trump trade’

Written on April 21, 2017 at 11:24 am

Rates for home loans lurched lower, sending the benchmark below the key 4% threshold for the first time in six months, Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.97%, down 11 basis points during the week and below 4% for the first time since Nov. 17. The 15-year fixed-rate mortgage averaged 3.23%, down  Read More Read More...

Mortgage Applications Rise as Purchase Activity Soars

Written on November 19, 2014 at 4:54 pm

Mortgage application volume increased for the first time in a month last week driven by more purchase activity.  The Mortgage Bankers Association’s market composite index was up 4.9% for the period ending Nov. 14 . . . Read more (via National Mortgage News, 11/19/14 article by  Evan Nemeroff. Read More...

New, Tighter Lending Rules Coming

Written on September 27, 2013 at 3:02 am

New rules coming in January will require borrowers to provide ample documentation before lenders will supply a mortgage. (Wall St. Journal, 9/26/13 article) Read More...

FHFA recently announced changes to the Home Affordable Refinance Program (HARP)

Written on November 18, 2011 at 3:29 am

The Federal Housing Finance Agency (FHFA) recently announced changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their mortgage loan. As a result of FHFA’s announcement, Fannie Mae will be making the changes to Refi Plus™ (manual underwriting) and DU Refi Plus™ 11/15/11  Read More Read More...

FHFA presents HARP 2.0

Written on October 30, 2011 at 3:31 am

The Federal Housing Finance Agency presents HARP 2.0. Click here to read, straight from the source. No spin, just the original FHFA 10/24/11 News Release.  There will more after November 15th… Comments welcome.   Read More...