30-Year Fixed Rate Mortgages Losing Favor With Homeowners; 15-Year Fixed Gaining
Posted by Thomas A B Johnson on February 21, 2012 · Leave a Comment
Last quarter, 1 in 4 conforming mortgage applicants ditched their 30-year mortgage for a 15-year fixed. There are good reasons why, too. Click for the complete post : 30-Year Fixed Rate Mortgages Losing Favor With Homeowners; 15-Year Fixed Gaining.
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REO-To-Rental Program to the Housing Market Rescue?
Posted by Thomas A B Johnson on February 21, 2012 · Leave a Comment
A program to dispose of large blocks of REO could help clearing out home inventory which, in turn, would benefit the U.S. economy as a whole. Click for the complete post : REO-To-Rental Program to the Housing Market Rescue?.
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Single-Family Housing Starts : The Market Is In Slow, Steady Recovery
Posted by Thomas A B Johnson on February 18, 2012 · Leave a Comment
New data proves what REALTORS® have known for months. The housing market bottomed September 2011. It’s since made slow, steady growth. Single-Family Housing Starts : The Market Is In Slow, Steady Recovery originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
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Are Mortgage Applicants Forced Into 30-Year Fixed Rate Mortgages?
Posted by Thomas A B Johnson on February 18, 2012 · Leave a Comment
In 2011, 17% of refinanced mortgages featured “other length” loans, according to the MBA. The majority were 15-year fixed and 30-year fixed. Are Mortgage Applicants Forced Into 30-Year Fixed Rate Mortgages? originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
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Are Borrowers Forced to Have a 30-yr Mortgage?
Posted by Thomas A B Johnson on February 17, 2012 · Leave a Comment
Although non-30 year and 15 year amortization mortgages are on the rise, until investors or portfolio lenders truly accept other terms, the use of non-standard maturities will be limited. Are Borrowers Forced to Have a 30-yr Mortgage? originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
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Surging Homebuilder Confidence Puts Home Buyers On The Clock
Posted by Thomas A B Johnson on February 17, 2012 · Leave a Comment
Want to know where the housing market is headed? Talk to the guys on the street. No one knows housing like homebuilders and builders say 2012 will be blowout. Surging Homebuilder Confidence Puts Home Buyers On The Clock originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy.
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The Psychological Link Between Housing And Jobs
Posted by Thomas A B Johnson on February 15, 2012 · Leave a Comment
If the housing’s recovery will be closely tied to jobs, then 2012 purchase market is about to heat up.
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Green Mortgage Program In Jeopardy
Posted by Thomas A B Johnson on February 15, 2012 · Leave a Comment
The viability and future of PACE — an energy improvement-related mortgage program — is in jeopardy.
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HARP Program : The Complete HARP II Eligibility Requirements
Posted by Thomas A B Johnson on February 14, 2012 · Leave a Comment
The Home Affordable Refinance Program (HARP) is revamped and extended. There are no LTV requirements and fewer loan fees. It’s a complete refinance overhaul.
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HARP 2.0 : Refinancing HARP Loans With LPMI and BPMI
Posted by Thomas A B Johnson on February 14, 2012 · Leave a Comment
When you refinance a loan with borrower-paid MI (BPMI) via HARP, you may be unwittingly forfeiting your right to have your PMI canceled “on-time”.
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