The Fed’s announced they will not taper bond purchases yesterday, and mortgage rates fell quickly. The Primary Mortgage Market Survey shows how much they fell.
Are you familiar with a Qualified Mortgage (QM) and the new rules surrounding QMs beginning in early 2014? If not, you’re in the right place. Quicken Loans team members Shawn Krause, Executive Vice President of Government Relations and Amy Bishop, Deputy Corporate Counsel took the time to explain the new rules. If you’re interested in finding out about QM and how the new rules may impact you, take a look at the discussion I had with Shawn and Amy.
After weeks of ups and downs, the primary mortgage market survey shows us that rates have leveled out this week leaving those looking to purchase or refinance a small window of opportunity. Read all about it in this week’s PMMS report.
After weeks of sporadic movements, mortgage rates are at a steady level for now. See how affordable the rates are in this week’s Primary Mortgage Market Survey.
On Friday afternoon, the Reverse Mortgage Stabilization Act was signed into law by President Barack Obama just days after his speech outside of Phoenix addressing ways to improve the housing market. The bill, initially drafted by Rep. Mike Fitzpatrick (R-PA.) and Rep. Denny Heck (D-WA.), passed through the House and Senate in June and July respectively and is only one of 22 pieces of legislation to pass in this session of congress. How will this change the way reverse mortgages work? Read on to find out.
After weeks of ups and downs, mortgage rates have reached calm waters for the week. What does it mean for your finances? Read more in this week’s primary market mortgage survey.
Why are today’s mortgage rates down again? Why were they up last week? What does Ben Bernanke and the Fed have to do with it? So many questions, all answered in this week’s Primary Mortgage Market Survey.
I’m usually not a fan of rushing into big decisions. But under the circumstances, I’d say hurry up! The Federal Housing Administration’s (FHA) fast-approaching changes on mortgage insurance will surely result in a heftier price tag for new home buyers and refinancers come June 3.
For two weeks in row, 15-year fixed-rate mortgages have reached the lowest rates on record, and every other rate dropped as well. See the details in this week’s PMMS report.
This week 15-year fixed-rate mortgages and 5-year adjustable rate mortgages dropped to record lows. How low you ask? Read this week’s PMMS report to find out.