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Return of 100% Financing
Posted to: Around The Web
Tuesday, February 05, 2013 7:00 PM

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Some affluent buyers are getting the keys to their new home without putting a penny down. It's 100% financing-the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They're almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral-the house and a portion of the client's investment portfolio in lieu of a traditional cash down payment...

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Mortgage Rates:
  • 30 Yr FRM 3.81%
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  • 15 Yr FRM 2.97%
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  • Jumbo 30 Year Fixed 3.93%
MBS Prices:
  • 30YR FNMA 4.5 107-05 (-0-01)
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  • 30YR FNMA 5.0 108-02 (-0-01)
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  • 30YR FNMA 5.5 108-14 (0-00)
Recent Housing Data:
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  • Refinance Index -11.66%
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