Mortgages

October 2010 : 5 States Account For Half Of The Nation’s Foreclosure Activity

November 12, 2010

As usual, foreclosure density varied by region last month, with just 5 states accounting for close to half of the nation’s repossessed homes.

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Fed Survey : Mortgage Guidelines Tighten Further, Freeze Out Would-Be Refinancers

November 10, 2010

For the period July-September 2010, 52 of 54 responding loan officers admitted to tightening their prime guidelines, or leaving them “basically unchanged”.

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Today’s Jobs Report Will Keep Mortgage Rates Highly Volatile

November 5, 2010

Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.

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Mortgage Rate Lock Alert : Expect Rate Changes Wednesday Afternoon

November 3, 2010

The Federal Reserve ends a scheduled, 2-day meeting today. It’s the seventh of 8 scheduled Fed meetings in 2010, and the eighth overall this year. Mortgage rates should be especially jumpy.

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Better Credit Scores Get Better Mortgage Rates

November 2, 2010

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

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Foreclosure Activity By Metro Area, Q3 2010

October 29, 2010

Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORS®. But for as common as foreclosures can be, they remain a localized concern.

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Bank Reposessions Top 100,000 In A Month For The First Time Ever

October 14, 2010

The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac.

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Fed Minutes Edge Mortgage Rates Higher

October 13, 2010

The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates are slightly higher today.

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2011 Conforming Loan Limits : No Change From 2010

October 6, 2010

In 2011, for the 6th consecutive year, the government is fixing $417,000 as the country’s conforming mortgage loan limit.

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The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

July 16, 2010

At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.

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