Mortgage News

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NAR pending home sales down

Pending Home Sales Down – But that’s Good News for Buyers
April 10, 2014

The National Association of REALTORS®, or NAR, released some numbers recently that both seem to solidify a trend as well as provide some buying opportunities. Toward the end of each month, NAR tallies the pending home sales for the previous month. The March 27th report was for the month of February. According to the data, […]

Amount of Time it Takes to close a mortgage is dropping

Mortgage Approvals Now Happen Dramatically Quicker
January 3, 2014

One of the biggest names in the mortgage technology world is Ellie Mae, which provides mortgage loan software to thousands of mortgage companies across the country – a full 20% of all mortgage lenders and brokers use Ellie Mae’s software. Because its reach is so wide, Ellie Mae provides an origination report each month. The […]

30 year fixed historical graph |

Employment Situation Report: Most Important Indicator for Mortgage Interest Rates
November 1, 2013

Investors who buy stocks and bond for their own retirement as well as professional money managers pay close attention to the array of economic reports released each month. Some reports are viewed with more importance than others but regardless of the degree of impact, investors evaluate the numbers as they are released. Check today’s mortgage […]

Recent Posts

Post-Election Era: 4% To Become “New Normal” For Mortgage Rates
November 10, 2016

30-Year Fixed Rates At 4% Will Be The New 2017 Reality Mortgage rates were supposed to be near 2% by now. Great Britain voted to leave the European Union, global markets were in turmoil, and lazy growth permeated the U.S. The final push was supposed to be a win for the Republican presidential candidate on Tuesday, November 8. […]

Current Mortgage Rates Approach 7-Month Highs After Election
November 9, 2016

Election Results In, And Mortgage Rates Are Rising Mortgage rates are rising after the Republican candidate won the U.S. presidential election. From Wall Street to Main Street, no one saw this coming. A correction is in progress. Investors had “priced in” a Democratic win, but now must adjust to the unexpected election results. Mortgage rates appeared to be on […]

Complete HARP Refinance Rates & Guidelines [Updated For 2016-2017]
September 1, 2016

Urgent update: FHFA, the organization that oversees HARP, has extended the program until September 30, 2017. Underwater homeowners have additional time to qualify for this popular refinance option. >>Don’t wait for the last minute. Check your HARP eligibility now.<< The Home Affordable Refinance Program, or HARP, has helped over 3 million American homeowners refinance into a lower rate […]