 |
| 30 Yr Fix |
6.01% |
-0.04% |
| 15 Yr Fix |
5.60% |
0.00% |
| 1 Yr ARM |
5.18% |
-0.11% |
| 5/1 ARM |
5.57% |
-0.10% |
| 30 Yr Tres |
4.58% |
-0.06% |
| Fed Prime |
5.00% |
-0.25% |
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|
 |
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AUGUST 2007 MORTGAGE NEWS
Alt-A Lender Crashes and Takes Stock Market With It
Wed, 1 Aug 2007 09:36:18 EST
The stock market debacle involving American Home Mortgage on Tuesday may signal a new level of trouble in the housing market as the ripples spread and the victims mount.
Mortgage Rates Eased By Weakening Housing Demand
Thu, 2 Aug 2007 09:12:12 EST
Weekly Mortgage Survey
Pending Home Sales: A Little Good News In A Grim Time
Fri, 3 Aug 2007 12:25:06 EST
Pending sales contracts in June increase 5 percent over the previous month, the biggest increase in 3 years. A sign of hope?
Mortgage Payments And Credit Cards - Two Examples Of Creative Thinking
Wed, 8 Aug 2007 08:02:39 EST
Plastic plays a major role in two new lender programs - American Express lets your mortgage pay you rewards while the Ditech program can speed up your mortgage payoff.
Are Mortgage Applications Up or Are Applicants Hedging Their Bets?
Thu, 9 Aug 2007 08:53:11 EST
Weekly Mortgage Survey
GSE Attempts To Help Mortgage Market Squashed
Fri, 10 Aug 2007 12:49:14 EST
Central banks world wide scramble to shore up markets but Freddie Mac and Fannie Mae pleas to increase their investment in residential lending fall on deaf ears at OFHEO and White House.
Checking Free Credit Reports Is A Good Idea
Tue, 14 Aug 2007 09:01:34 EST
Credit reports are free, but obtaining your credit score will cost you and there are four versions to choose from.
Home Buyer Survey Ranks Features That Are Important To Buyers
Wed, 15 Aug 2007 12:02:54 EST
Big garages, air conditioning, and walk-in closets rank high with buyers according to recent NAR survey and most buyers still have faith that their homes are a good investment.
Mortgage Rates Increase Despite Job Figures
Thu, 16 Aug 2007 07:39:03 EST
Weekly Mortgage Survey
Countrywide Joins The Mortgage Lending Storm
Fri, 17 Aug 2007 09:18:56 EST
Countrywide Financial has confirmed rumors that all is not well with the nations largest mortgage lender and investors run from its stock.
Housing Starts Hit Ten Year Low While Builder Confidence Sets Even A Longer Record
Fri, 17 Aug 2007 09:27:55 EST
Builders have stepped back both from obtaining permits and from starting construction according to the Census Bureau housing report and the National Association of Home Builders says that builders are not optimistic about the short term future.
Big Players Call On OFHEO to Rethink GSE Decision
Mon, 20 Aug 2007 09:00:08 EST
Three of the biggest trade associations in the real estate and mortgage business as well as a powerful U.S. Senator are calling on OFHEO and the President to reverse their decisions on Freddie and Fannie portfolios in midst of credit squeeze.
Homeowners Insurance Industry Roasted By PBS, Bloomberg
Tue, 21 Aug 2007 06:54:31 EST
After watching NOW on Friday and reading a Bloomberg Market Magazine article, one begins to question the value of that homeowners insurance policy for which we scrimp to pay every year.
Lehman Brothers Shuts Down BNC Mortgage Cutting 1200 Jobs
Wed, 22 Aug 2007 13:33:27 EST
Lehman Brothers annouces that it will shut down it subprime lending unit BNC Mortgage LLC.
Uptick in Mortgage Rates Not a Result of Subprime Problems
Thu, 23 Aug 2007 09:01:05 EST
Weekly Mortgage Survey
Countrywide Gets Big Cash Infusion And May Survive Crisis
Thu, 23 Aug 2007 09:12:02 EST
While three more companies cut off mortgage lending, Countrywide appeared to retreat from the brink with a big influx of Bank of America money.
IndyMac To Resume Prime Jumbo Home Loans
Thu, 23 Aug 2007 13:12:52 EST
IndyMac announces that they will resume origination certain jumbo products.
Countrywide Rating Watch Revised By Fitch
Fri, 24 Aug 2007 06:58:50 EST
Fitch Ratings announced that they have revised the Ratins Watch on Countrywide Financial.
New Home Sales Register Improvement Over June
Fri, 24 Aug 2007 13:54:36 EST
New home sales show slight improvement over June both in number of homes sold and the median price.
PBS and Bloomberg Charges Against Insurance Companies Draw Fire
Mon, 27 Aug 2007 07:05:44 EST
Lack of oversight and homeowner distress may be contributing to insurance companies ability to shortchange policy holders however State Farm claims it just does not happen.
Existing Home Sales Essentially Unchanged In July
Tue, 28 Aug 2007 07:41:54 EST
Existing home sales hold relatively steady despite losses in the Midwest but there is speculation at this week's OFHEO report will foreshadow a nation-wide decline in median housing prices over the next three years.
Mortgage Rates Decline but One Year ARM Rates Go Off the Chart
Wed, 29 Aug 2007 12:11:40 EST
Weekly Mortgage Survey
Home Builders: Credit Crunch Is Hurting Business
Thu, 30 Aug 2007 08:17:28 EST
Home builders beginning to feel the pinch as sales decline and contracts are cancelled.
Home Price Appreciation Slowing But Has Not Stopped
Fri, 31 Aug 2007 08:41:04 EST
OFHEO report on same house sales thru June brings better news than expected but the November report is not likely to follow.
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