Treasuries remain stagnant this morning following the release of the Producer Price Index and MBA Mortgage Applications data. The Producer Price Index came in at a significantly lower number than expected, while MBA Mortgage Applications indicated a strong jump in the refinance sector. Showing a remarkable 24.6% increase from last week’s data, the refinance index is currently at its highest level since early August of the previous year.
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Tag Archives: Refinance
Mortgage Rates Fall Below 4.0 Percent Again
Mortgage rates came back this week showing decreases all across the board, which isn’t surprising considering the economic turmoil in Europe, and the super committee dropping the ball on finding a solution to the U.S. budget crisis.
The Debt Crises and Mortgage Rates: How Are They Related?
With the super committee failing to reach an agreement on a solution for the debt crisis, and European governments changing left and right, the impact on the stock market was felt by investors immediately. The effect on mortgage rates has been intriguing as well.
Report Concludes That 29% Of Mortgaged Homes Underwater
Real estate website Zillow released a quarterly data report today that showed nearly 29% of mortgaged homes are underwater.
15 vs. 30-Year Mortgages & What to Do If You Miss a Payment – Watch-It Wednesday
Today, we discuss 15-year mortgages vs. 30-year mortgages, what to do if you miss a payment and how much income you should put aside for mortgage payments. Check it out!
U.S. Home Refinance Program Unveiled
President Barack Obama is scheduled to announce new refinancing regulations to help those whose homes are valued less than their mortgage.
Treasuries Are Up, Mortgage Backed Securities Are Down – Market Update
Treasuries opened slightly higher this morning, while mortgage backed securities are slightly down and changes to benefit homeowners will be announced today.
Quicken Loans Customer Service and Satisfaction – Watch-it Wednesday
Quicken Loans client Chiyuki Bidlack of Michigan discusses in this video testimonial about how Quicken Loans helped her with her mortgage. As a first time buyer, Chiyuki had no idea where to begin, but Quicken Loans helped guide her through the process step by step, making it fast and simple.
FHFA Meeting Results in Possible Expansion Of HARP
Federal Housing Finance Agency (FHFA) officials met with mortgage industry executives to discuss possible changes to the Home Affordable Refinance Program (HARP).
President Obama Unveils American Jobs Act and Vows New Refinancing Plan
President Obama addressed a joint session of Congress last week to discuss a new refinancing plan and a proposed American Jobs Act.
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