Mortgage Rates & Trends

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Republicans taking over the House of Representatives seem to be backing away from their pledge to overhaul or privatize Fannie Mae and Freddie Mac. Earlier this year, Republicans backed a plan to eliminate the government’s ties to the mortgage giants and privatize them within five years if they w...
Well this is kind of interesting: According to a Washington Post article by Zachary Goldfarb, Stuart Rabner, the chief justice of the New Jersey State Supreme Court announced that he would stop all foreclosures by major banks unless they can definitively show that they are complying with state la...
  Rising mortgage rates prompted more first-time home buyers to purchase homes last month. That was one of the conclusions of the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. While mortgage rates began increasing from record lows in early November the first-time home buye...
Earlier this week the Congressional Oversight Committee lambasted the Treasury Department and its foreclosure prevention programs, specifically the Home Affordable Modification Program. Among other things, the report said: “Treasury’s reluctance to acknowledge HAMP’s shortcomings has had real con...
As with every Wednesday, the Mortgage Bankers Association released their Weekly Mortgage Applications Survey this morning.  Steadily increasing mortgage rates appear to be sucking what life there was out of the anemic housing market. Total mortgage applications dropped 2.3 percent from the week p...
More confidence that the economy will improve has pushed up mortgage rates recently. Investors have been shifting their money out of ultra-safe U.S. Treasury bonds, which pushes their prices up and yields down, and into the stock market. They’re betting that an improving economy will boost busine...
Later this afternoon the Federal Reserve is going to release its FOMC statement.  Most Fed observers expect that nothing will change from the last statement, and that the Fed will maintain its commitment to low rates.  I touched on this topic briefly yesterday.  Within that article I mentioned th...

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