Rapidly falling mortgage rates are bringing consumers seeking a mortgage out in droves, according to the report released today by the Mortgage Bankers Association. The association’s Weekly Mortgage Applications Survey, which measures week-over-week volume of people applying for a mortgage to either purchase a home or refinance an existing mortgage, showed loan application activity increased 9.5%.
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Tag Archives | Freddie Mac
Plummeting Mortgage Rates Trigger Jump in Mortgage Loan Activity and FHA Loans
by Clayton Closson on September 10, 2008 in Mortgage Rates
The Government, Fannie Mae & Freddie Mac – What Does It All Mean?
by Clayton Closson on September 8, 2008 in Market Update
If you were near a TV or computer this weekend, you know that after weeks of buzz, the government took control of mortgage giants Fannie Mae and Freddie Mac. But unless you like studying charts and following stocks, you might not know who those oddly-monikered companies are and what this news means to you.
Now it-s Official – President Bush signs the Housing and Economic Recovery Act of 2008!
by Clayton Closson on July 30, 2008 in Market Update
President Bush signed the Housing and Economic Recovery Act of 2008 into law this morning. With about 700 pages in this bill, it covers a lot of ground but here are some main points homeowners, home buyers and anyone interested in mortgages or real estate will want to know.
Update on the Housing and Economic Recovery Act of 2008 – It-s Almost Official!
by Clayton Closson on July 29, 2008 in Market Update
Any day now the President is expected to sign into law the Housing and Recovery Act of 2008. There are big changes in store with the passage of this act, changes which have the potential for sweeping effects across the mortgage and real estate industries.
Who Are Fannie Mae and Freddie Mac and Why Should You Care?
by Clayton Closson on July 18, 2008 in Market Update
Declining Market Rule Confusing to Many
by Clayton Closson on May 22, 2008 in Home Buying
Fannie Mae announced it’s ending a policy that requires more down payment, or a higher loan-to-value ratio (LTV) for home loans made in declining housing markets. But, this could mean more confusion when talking about PMI. Quicken Loans offers its analysis.
New Home Sales Slow Despite Incentives, Low Rates
by Clayton Closson on December 28, 2007 in Market Update
What’s the deal with the mortgage industry?
by Clayton Closson on September 6, 2007 in Mortgage Rates
Some economists predict the financial markets will soon calm down, making jumbo loans available to consumers who qualify for them. In the meantime, anyone who needs a large mortgage should contact a mortgage professional and discuss all available options.
What's the deal with the mortgage industry?
by Clayton Closson on September 6, 2007 in Home Buying
Some economists predict the financial markets will soon calm down, making jumbo loans available to consumers who qualify for them. In the meantime, anyone who needs a large mortgage should contact a mortgage professional and discuss all available options.
Behind on Debt Payments? You Have Options
by Clayton Closson on February 3, 2006 in Homeowners Tips
Many homeowners don't know what to do if they fall behind on their mortgage payments or go deep into debt with their high-interest credit cards. They don't realize there are many options that can help their situation and get them out of debt. What options do you have?
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