Mortgage Rates & Trends

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Mortgage and Lending - Total Mortgage Services
Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage
RECENT BLOG POSTS
In the December meeting of Federal Reserve officials, a disagreement ensued over whether the federal government should expand their commitment to purchase more than the $1.25 trillion in mortgage-backed securities they have already pledged, or to begin scaling back. Some Federal Reserve officials...
01/08/2010
At the beginning of 2009, mortgage rates were at historically low levels. In fact, the mortgage rates were at the lowest point America has seen in approximately 40 years. By the end of the summer, mortgage rates began to creep back up. By November, mortgage rates plunged back to near-record-low l...
01/06/2010
Happy New Year! Originally enacted by Congress in 1974 to offer mortgage borrowers with enhanced disclosure of closing costs, RESPA (Real Estate Settlement Procedures Act) essentially eliminates any kickbacks and referral fees associated with a mortgage loan. Published on November 17, 2008, the U...
01/06/2010
Following four straight months of housing gains, the S&P/Case-Shiller Home Price Indices indicated this morning that previous gains from earlier in the year had leveled off in October. The S&P/Case-Shiller Home Price Indices covers 20 of the nation's largest metropolitan regions, while measuring ...
01/06/2010
According to the Mortgage Bankers Association, refinance mortgage applications accounted or approximately 66% of all mortgage applications in early October. With near-historic current mortgage rates, the lure of lowering their monthly mortgage payments in order to save hundreds of dollars per mon...
12/28/2009
Last week, government-sponsored enterprises Fannie Mae and Freddie Mac announced the suspension of foreclosure evictions through January 3, 2010. During the holidays, homeowners and any tenants living in foreclosed properties owned by Fannie Mae and Freddie Mac will not be subjected to eviction....
12/24/2009
With a mortgage rate of 5.5% on a 30-year fixed-rate mortgage being hailed as a 40-year low just a few short years ago, current mortgage rates continue to flirt with record lows today. It has been said time and time again that if you're considering refinancing or delving into the world of homeown...
12/21/2009
As the Chairman of the Federal Reserve, Ben Bernanke is perhaps the most influential person on the planet in terms reshaping not only the American economy, but the global economy as a whole. The 56-year-old former economics professor at Princeton has been tabbed by Time magazine as the "Person of...
12/21/2009
According to a report by Keefe, Bruyette & Woods (KBW), the nation's largest full-service investment bank specializing exclusively in the financial services sector, mortgage originations are expected to decline by at least 16% in 2010. There are two major reasons for this prediction: the $8,000 ...
12/16/2009
In just under three weeks since the end of November, the 10-year treasury yield has increased to 3.56% from 3.21%. All indications point to the 10-year treasury yield continuing to increase, so significantly higher mortgage rates are looming on the horizon. Regardless of this recent increase, cu...
12/16/2009
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Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage