Interest Rate Articles from the Experts…
ForclosureS.com, February 12 –
No Slowdown in Southwest Foreclosures
Don’t expect foreclosure filings in the Southwest to
slow anytime soon. Just one month into the first quarter of 2007, already
50,404 foreclosure filings have been reported, more than half the 94,631
filings for the region in the entire first quarter 2006. That’s according to
numbers from ForeclosureS.com, a California-based real estate investment
advisory firm which has been analyzing housing markets since 1992.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070212005475&newsLang=en
Market Watch, January 31 - MBA
says mortgage applications higher
The number of applications for mortgage loans filed
with major
http://www.marketwatch.com/news/story/mortgage-applications-rise-32/story.aspx?guid=%7B37C3AD5D%2DBDF3%2D4F96%2DB0F0%2D9C2E6BCD670B%7D
RISMEDIA, January 31 - Mortgage Consolidation Gains Steam:
Speculations Rise About Acquisition Involving Biggest U.S. Residential Lender
A wave of consolidation currently sweeping the mortgage industry was thrust
into high gear when speculation arose last week about an acquisition
involving the biggest U.S. residential lender, according to coverage from
MortgageDaily.com.
http://www.rismedia.com/wp/2007-01-30/mortgage-consolidation-gains-steam-speculations-rise-about-acquisition-involving-biggest-us-residential-lender/
Realty Times, January 30 – Mortgage Rates Moving
Mortgage rates were moving all sorts of ways as the first month of the new year
came to a close. Some were up, some were down and some haven't moved at all,
according to the weekly survey by Freddie Mac.
http://realtytimes.com/rtcpages/20070130_janroundup.htm
National Realty News, January
18th – Rates Highest Since
November of 2006
Freddie Mac released the results of its Primary Mortgage Market Survey in which
the 30-year fixed-rate mortgage (FRM) averaged 6.23 percent with an average 0.4
point for the week ending January 18, 2007, up from last week when it averaged
6.21 percent. Last year at this time, the 30-year FRM averaged 6.10
percent.
http://nationalrealtynews.com/content/templates/standard.aspx?articleid=358&zoneid=5
Realty Times, January 15 – Americans are dis-ARMing,
according to new Freddie Mac research
It's official: American home buyers and refinancers are dis-ARMing at a
rapid pace. Freddie Mac's newly-issued survey of adjustable rate mortgages
found that the ARM share now stands at just 25 percent, down from 33 percent in
2004. In the mid-1980s, by contrast, ARMs were the
most popular financial tool for buying a house, with a 62 percent market share.
http://realtytimes.com/rtcpages/20070115_disarming.htm
Market Watch, January 10 - Mortgage applications surge 16.6%
The volume of mortgage
applications filed with major U.S. banks rose 16.6% on a seasonally adjusted
basis last week compared to the week before, the Mortgage Bankers Association
reported Wednesday.
http://www.marketwatch.com/news/story/us-weekly-mortgage-applications-up/story.aspx?guid=%7BEB6F20A4%2D3C66%2D4120%2DA923%2DEC186156CAF2%7D
National
Realty News, January 4 – Rates Remain
Flat
Freddie Mac released the results of its Primary Mortgage Market Survey in
which the 30-year fixed-rate mortgage (FRM) averaged 6.18 percent with an average
0.4 point for the week ending January 4, 2007, unchanged from last week when it
averaged 6.18 percent. Last year at this time, the 30-year FRM averaged
6.21 percent.
http://nationalrealtynews.com/content/templates/standard.aspx?articleid=347&zoneid=5
RISMEDIA,
January 2 – Bankrate: Mortgage rates inch higher
Mortgage rates moved higher for the third consecutive week following strong
consumer spending figures for November. The average 30-year fixed rate mortgage
is now 6.23%. According to Bankrate.com's weekly
national survey of large lenders, the 30- year fixed rate mortgages had an
average of 0.25 discount and origination points.
http://www.rismedia.com/wp/2006-12-28/bankrate-mortgage-rates-inch-higher-2/
Market Watch, December 20 - Paying
mortgage points rarely pays off for borrowers: study
A new report claims that
borrowers tend to purchase too many points when selecting a mortgage -- and in
the process end up paying more than they would have with no points and a higher
interest rate.
http://www.marketwatch.com/news/story/paying-mortgage-points-rarely-pays/story.aspx?guid=%7B425B62C6%2D5C3F%2D416C%2DAE1E%2D8577DFCE8800%7D&dist=
These are links to just some of the
interesting articles we have read about interest rates in the real estate
market recently. The opinions expressed
by these experts are not necessarily shared by Ultimate Information Systems,
Inc. If you have “expert” links to share
with your peers…Let us know.