Mortgage and Real Estate Insight

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Mortgage and Lending - Regions Mortgage
RECENT BLOG POSTS
Mortgage rates have edged up but still remain very attractive with the thirty year fixed still around 5.00%. Another strong week for stocks hurt bond prices driving yields higher and mortgage rates followed. One bright spot this week was a report released by a forecasters at MoodysEconomy.com tha...
04/07/2009
Mortgage rates remain at historic lows this week with the benchmark thirty-year fixed hovering between 4.625% and 4.875%. After last week’s upbeat reports on the housing market we are reminded this week that were not entirely out of the woods yet. February foreclosure filings rose to 84,000, up f...
04/01/2009
More hopeful signs of a recovery in the housing market could be seen this week as Monday’s report on existing home sales figures showed a surprise jump of 5% for February and new home sales also surprised with a jump of 5%. For Bay County the increase for existing home sales was 29%. Statewide th...
03/27/2009
At the adjournment of their meeting on Wednesday, the Federal Reserve's Open Market Committee announced that the Fed would purchase some $300 billion in long-term Treasury bonds and an additional $750 billion in mortgage-backed security debt. Left with fewer arrows in its quiver as the Federal Fu...
03/19/2009
Mortgage rates remain remarkably stable with the thirty-year fixed rate hanging right around 5% with no points and as low as 4.75% with a point. This, despite a four day rally in the equity markets and a $34 billion Treasury bond auction last week both of which tend to drive interest rates higher...
03/16/2009
  Yes, I know what you’re probably saying already. Where has this guy been? Living under a rock somewhere? Hasn’t he heard the nightmare stories about sub-prime mortgages, option ARMS and “liar loans” and how all of these ultra-risky vehicles got us into the mess we’re in right now? Indeed, the m...
02/09/2009
I can remember back sixteen years ago when thirty-year mortgage rates fell below 7% sparking a flood of refinances. I also remember 2003 when rates dipped again and another "refi boom" ensued. So with thirty year mortgage rates now at their lowest levels in history, why are we not seeing the kind...
01/15/2009
  Ah, that one beautiful day back in November when the Fed announced it would buy up to $500 billion of Fannie and Freddie debt in an attempt to drive long term mortgage rates lower. For a brief few hours, mortgage rates dipped below 5% and even touched 4.75% for a fleeting moment. Since then, ho...
01/06/2009
Through a series of rate cuts and capital market tinkering, the Federal Reserve has finally managed to push down long term mortgage rates to levels not seen in nearly forty years. The rate on the conforming thrirty-year,  fixed-rate mortgage was hovering close to 5% on Friday as the yeild on the ...
12/19/2008
To say 2008 has been a bad year for real estate is just a wee bit of an understatement. Property values have plunged by some 35% nationwide and foreclosures are expected to exceed 2.2 million for the year. Nearly 4% of all outstanding mortgages are currently delinquent and in Florida the rate of ...
12/10/2008
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Hunter Palmer

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