Mortgage News Blog

After a fairly quiet week, this coming week has 4 economic reports that can move mortgage interest rates. The most important report will be on Friday with the Unemployment Report. Analysts are predicting that unemployment will go from 9.4% to 9.6%. That would be good for the bond market therefore good for mortgage interest rates. If […]

On Tuesday this week, the Federal Open Market Committee (FOMC) will be holding their first meeting and will adjourned on Wednesday at 2:15ET. At that time, Bernanke and Company (FOMC) will release their first meeting results which will be scrutinized word for word by the traders. The traders will be looking for to see if  and when the FOMC […]

This will be a quiet week even though several economic reports will be released from housing to FOMC. But overall, mortgage interest rates have been holding at these lower rates though this can change at a blink of an eye. The most important news for this week will be Bernanke and Company’s schedule meeting on […]

Fannie Mae has announced that it will start requiring a second credit report just prior to closing a mortgage. What does this mean to you, the consumer? When you apply for a home loan, the investor requires a tri-merge credit report with your mid-score being, at present, at 640 or above. The higher your credit […]

This week, we have two important economic reports that can move the bond market and therefore mortgage interest rates. These reports will come out on Tuesday and Friday with Retail Sales and CPI being released. Tuesday’s Retail Sales will report whether the consumer is spending or not. Remember, two-thirds of our economy is made up of […]

In response to the economic depression in the late 2008, the Federal Reserve has been given the authority to spend a huge amount of money in the credit markets in order to bring down the mortgage refinancing rates. By doing this they will help the struggling homeowners to refinance their mortgages and pay them off […]

This week we have five relevant reports that could affect the bond market and therefore, mortgage interest rates. The first is the all important Federal Open Market Committee (FOMC) meeting on Tuesday. This is where traders will scrutinize every word that is published from Bernanke and Company’s press release. Most important will be the wording on the […]