Blog Detail
Mortgage Planning ABC
http://mortgageplanningabc.com
The ABC's of Mortgage Planning.
- Added on: Oct 10th, 2007
- Country: United States
- Language: English
- Author: Albert Soong
- Listed in: Finance Loans
- Tags: mortgage real estate refinance financial planning mortgage rates mortgage planning
Recent Posts
Mortgage Markets: The Good, The Bad and The Ugly
My how things have changed over the past 12 months. Let’s take a very quick look at some highlights that will be applicable to you. The Good Mortgage rates are spectacular. The 30-year fixed is in the low 6’s, lower than last year and two...
Fannie Mae Jumbo-Conforming Guidelines Out
Fannie Mae released the guidelines for conforming mortgages over $417,000 (called jumbo-conforming). The guidelines can be found here. Highlights: Full-documentation only 660+ credit score Single unit homes only (no duplex, triplex, 4-unit) 45% maxim...
New Fannie/Freddie/FHA Mortgage Limits Out
HUD has now published the new conforming loan limits for 2008. You can lookup them up here. As far as I know, neither Fannie nor Freddie have adjusted their underwriting systems to allow the limits yet. Once they do, it will take a while longer for l...
Inflation Fears Causing Rates to Rise
Here’s a great article from Bloomberg describing how inflation fears are causing rates to rise. It also comments on future Fed action and the steepening of the yield curve....
Fed Lowers Rates, Mortgage Rates Up?
It was a busy week for economists, policymakers, consumers and mortgage professionals. We had a surprise .75% rate cut from the Fed. We had the announcement of an economic stimulus package that included not only significant tax rebates, but a tempora...
Fed Lowers Federal Funds Rate .75% to 3.5%
It’s amazing how quickly fear of inflation can be replaced by fear of recession. In a surprise move, the FOMC lowered the Federal Funds Rate by .75%. That this happened before the FOMC’s regularly scheduled end-of-January meeting, combine...
