FL Home Loan News
Fed Minutes Show An Improving U.S. Economy Threatened By The Eurozone
The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. The Fed Minutes are a detailed meeting recap; the companion piece to the more brief, more … [Read More...]
Home Affordability Set To Worsen On Thursday’s Retail Sales Data
Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers |*STATE in % STATE**|, it may also lead to … [Read More...]
Lock Your Mortgage Rate : New Loan Fees Expected Within Days
Starting soon, nearly all home buyers and refinancing households throughout Florida and nationwide will pay higher mortgage loan fees. Congress has made it law. 13 months ago, as part of the Tax … [Read More...]
Mortgage Guidelines
Conforming Loan Limits Unchanged For 2012
A conforming mortgage is one that, literally, conforms to the mortgage guidelines as set forth by Fannie Mae and Freddie Mac. Conforming mortgage guidelines are Fannie's and Freddie's … [Read More...]
Maximum FHA Loan Limits Restored To $729,750
After a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750. The move creates … [Read More...]
Government Releases Additional HARP Guidance For Underwater Homeowners
Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program, kick-starting a potential refinance frenzy across Florida and nationwide. HARP stands for … [Read More...]
What’s Ahead For Mortgage Rates This Week : January 9, 2012
Mortgage markets improved last week, pushing mortgage rates in Florida lower for the second straight week. Conforming fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rates did the same. In a holiday-shortened trading week, stronger-than-expected U.S. economic data and ongoing weakness within Europe drove investors into the U.S. mortgage-backed bond market. When demand for bonds is high, mortgage rates improve. The Refi Boom continues. Since beginning their descent … [Read More...]
Adjustable-Rate Mortgages Are A Relative Bargain Today
For buyers and refinancing households throughout Fl , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac's weekly survey of more than 125 banks nationwide, Fort Lauderdale mortgage applicants electing for a conventional ARM over a conventional fixed-rate mortgage will save 105 basis points on their next mortgage rate. "Conventional" loans are loans backed by Fannie Mae or Freddie Mac. Today's average, conventional 30-year fixed rate mortgage … [Read More...]
Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move.
If you're floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET. The Non-Farm Payrolls report is more commonly called the "jobs report" and, lately, it's been Wall Street's domestic economic metric of choice. As jobs go, so go markets. In the 12 months beginning November 2007, the economy shed 2.3 million on its way to losing more than 7 million jobs by … [Read More...]