 |
| 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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SEPTEMBER 2007 MORTGAGE NEWS
Bush Plan To Help The Ailing Housing Markets
Wed, 5 Sep 2007 08:41:56 EST
Bernanke sends signal that rate cuts may be coming while the President outlines administration approach to aiding families in foreclosure.
Long Term Mortgage Rates Continue To Fall
Wed, 5 Sep 2007 13:32:33 EST
Weekly Mortgage Survey
Mortgage Servicers Encouraged To Help Homeowners
Thu, 6 Sep 2007 12:56:24 EST
Feds are beginning to pay attention to the mortgage situation as the President speaks out for the second time in two days and six regulatory agencies call on servicers to work with troubled borrowers.
Delinquency Rates Climb Mainly In Four States
Fri, 7 Sep 2007 07:48:09 EST
Delinquency and foreclosure rates are up sharply, hitting record levels in some categories, but not all states and regions nor all loans are evidencing troubles.
How Long Will That Furnace Last? NAHB Study Has The Answer
Mon, 10 Sep 2007 10:01:35 EST
While there a many, many variations, a new NAHB study can provide some comfort about potential structural, systems, or other replacement expenses in an older house.
Countrywide To Cut As Many As 12000 Jobs
Mon, 10 Sep 2007 10:43:50 EST
Countrywide announces job cuts that may reach 12,000 over the next 3 months.
Schumer Bill Would Lift GSE Portfolio Caps
Tue, 11 Sep 2007 08:18:29 EST
Senator Schumer files legislation which would overrule Bush and Lockhart decisions on GSE portfolios.
Some Mortgage Rates Move Dramatically, Others Stall
Wed, 12 Sep 2007 13:36:43 EST
Weekly Mortgage Survey
Countrywide Fundings Fall; Lines Up $12 Billion Credit
Thu, 13 Sep 2007 07:13:01 EST
Countrywide operational results for August show a 17 percent decline in fundings.
Mortgage Market Disruptions Short-Lived According To NAR
Fri, 14 Sep 2007 08:20:54 EST
Ever upbeat, NAR sees housing market downturn ending next year and congratulates homebuilders for trimming their activities.
Mortgage Fraudsters Finding Ways To Exploit Bubble Bust
Mon, 17 Sep 2007 09:21:45 EST
The growing volume of foreclosures is providing fertile field for a different variety of mortgage fraud - rescuing homes from the auction block. Homeowner beware!
Fed Slashes Interest Rates By 50 Basis Points
Tue, 18 Sep 2007 13:04:17 EST
The Federal Reserve cut its overnight fed funds rate for the first time since 2003.
FHA Reform Moving Right Along
Wed, 19 Sep 2007 11:18:08 EST
One day after the House approved legislation for FHA Reform, the Senate Banking Committee follows suit.
Another Dramatic Downturn in Mortgage Rates
Thu, 20 Sep 2007 12:02:04 EST
Weekly Mortgage Survey
Housing Starts Hit 12-Year Low; Multi-family to the Rescue
Thu, 20 Sep 2007 14:10:11 EST
Construction starts, permits pulled, builder confidence; every indicator continues to head downhill.
Major Homebuilder Runs Successful Weekend Sale
Fri, 21 Sep 2007 13:10:38 EST
Hovnanian’s fire sale was apparently a success. Will other beleaguered builders follow suit?
Foreclosure Scams Can Be Complex Enough To Fool Most
Mon, 24 Sep 2007 11:48:23 EST
Foreclosure fraudsters may go for the quick, small profit or angle to strip all of your equity. Learn a little about some of their schemes.
GSEs May Soon Purchase Jumbo Loans But Other Limits Are Not Budging
Tue, 25 Sep 2007 10:31:32 EST
Administration makes a few concessions to GSEs in mortgage credit crunch, but portfolio limits seem likely to continue for some months.
NAR Report of Existing Home Sales No Surprise To Anyone
Tue, 25 Sep 2007 13:16:45 EST
Multiple mortgage catastrophes reflected, as expected, in August existing home sales report.
ARM Applications Continue To Dwindle While Rates Inched Up
Wed, 26 Sep 2007 13:26:53 EST
Weekly Mortgage Survey
Lennar and D.R. Horton Move To Staunch Housing Hemmorage
Wed, 26 Sep 2007 13:55:19 EST
Housing ills are beginning to spread as major builders report worsening trends and retailers report slowing sales of home and construction related areas.
New Home Sales See Biggest Year Over Year Drop In 37 Years
Fri, 28 Sep 2007 09:13:35 EST
Census Bureau reports that new home sales show greatest year-over-year drop in one-third century while both mean and median prices suffer losses.
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