Pre-NFP Outlook Plus Loan Pricing Comparison
Posted To:MBS Commentary
What a rough morning! It appears my hard drive no longer wants to work. I tried to reach out for help, but no one answered. Then my gf called and reminded me that today is 9.02.10. This explains why Glenn is M.I.A, he’s curled up on his couch watching re-runs of 90210! I think his favorite character is Dillon. Enjoy your day off Glenn! Oh well. I’m up and running again…… The day has not been so pleasant for originators either. Loan pricing is 2.9bps worse on average today. That doesn’t sound too bad, but take a closer look. The largest rebate reductions were applied to the note rates closest to par. These are the rates most borrowers are hoping to be quoted. There is good news though, you can still lock in a rate below 4.25%! It’s just gonna cost more at the closing table. The stock market…(read more)
This mortgage update is brought to you by: Adam Quinones – You can read the full article at Pre-NFP Outlook Plus Loan Pricing Comparison
The Secret Life of Mortgage Brokers
If you’re like most homeowners, you’ve had a mortgage through a mortgage broker and did not pay upfront for it. Instead, you let the mortgage broker figure out how to get paid from the lender. And how much. And you probably ended paying a lot more than if you had agreed to pay the broker yourself.
This mortgage article brought to you by: EzineArticles.com – Read the full article at The Secret Life of Mortgage Brokers
FHA Loan Changes and What They Mean For You
The Federal Housing Administration is going to be making some changes to the FHA loan. These changes will go into effect on October 4, 2010. The two aspects of the FHA loan that are changing are the Up Front Mortgage Insurance Premium (UFMIP) and the Mortgage Insurance Premium (MIP) that is charged to borrowers on a monthly basis.
This mortgage article brought to you by: EzineArticles.com – Read the full article at FHA Loan Changes and What They Mean For You
Is a Home Equity Loan Something To Jump On?
If you’re a homeowner then you know that after a while you’ll start to get offers in the mail for various loans that center around the equity you have in your home. Everything from refinancing home equity loans. Of course the question becomes whether or not you should actually take advantage of tools like these.
This mortgage article brought to you by: EzineArticles.com – Read the full article at Is a Home Equity Loan Something To Jump On?
Can FHA Mortgage Rates Benefit The Consumer And The Lender?
If you’ve been looking at getting into your first house then you know the amount of research and work that needs to be done before you can claim the home and begin your life as a new home owner. This of course extends to many different factors such as the base price of the house itself, your income, your credit rating and of course the amount that you can handle when it comes to monthly payments as well as interest rates.
This mortgage article brought to you by: EzineArticles.com – Read the full article at Can FHA Mortgage Rates Benefit The Consumer And The Lender?