Comments on: What Causes Mortgage Rates to Move?

By: When to Lock Part 1: Timing Your Decision | The Chicago 77

When to Lock Part 1: Timing Your Decision | The Chicago 77 — Sat, 29 May 2010 00:16:59 +0000

[...] balance between these opposing requirements and secure a favorable rate.The main indicator for mortgage rates is the bond market. As money moves into the bond market, mortgage-backed securities (bundles of [...]

By: The Dangers of Interest Rate Myopia in Choosing a Lender | The Chicago 77

Sat, 08 May 2010 14:47:43 +0000

[...] asking any lender who emerges as a low cost outlier from the rest how they are delivering such a good rate. If they cannot answer the question to your level of comfort, you need to reconsider using [...]

By: The Ugly Truth About Loan Modifications « Mymiamiblog

The Ugly Truth About Loan Modifications « Mymiamiblog — Mon, 15 Jun 2009 11:37:09 +0000

[...] a longer period to keep the payment the same. Let?s say somebody had 5.5% on an ARM, and on the adjustment date it went up to 7.5%. Depending on the loan size, the difference can be hundreds of dollars monthly. This can obviously [...]

By: Mortgage Rates Under 5% Going Bye Bye for Good? | The Chicago 77

Mortgage Rates Under 5% Going Bye Bye for Good? | The Chicago 77 — Wed, 10 Jun 2009 14:03:21 +0000

[...] June 2009 ? Last Wednesday, and again on Monday, mortgage bonds have slipped terribly. Mortgage rates have jumped three times in the last two weeks. If you didn?t lock your 5% or less by now, you might be out of [...]

By: Mortgage rates move up drastically Wednesday | The Chicago 77

Mortgage rates move up drastically Wednesday | The Chicago 77 — Wed, 27 May 2009 19:34:14 +0000

[...] May 2009 – Mortgage rates move up drastically Wednesday. This is the sharpest increase we?ve seen in a while. GM seems poised [...]

By: The Ugly Truth About Loan Modifications | The Chicago 77

The Ugly Truth About Loan Modifications | The Chicago 77 — Mon, 18 May 2009 14:34:33 +0000

By: What Is a Rate Lock and How Does It Affect My Loan? | The Chicago 77

Thu, 30 Apr 2009 13:48:50 +0000

[...] Most mortgage brokers and mortgage bankers get paid on something called yield spread premium (YSP), or service release premium (SRP). These terms are essentially interchangeable, and they represent the same thing, only differing in that if a loan is brokered or banked. It?s same end result, only differing in how the loan is delivered to the investor. For more on how rates are determined, see my article called What Causes Mortgage Rates to Move. [...]

By: Markets Up…Mortgage Rates Likely to Follow | The Chicago 77

Markets Up…Mortgage Rates Likely to Follow | The Chicago 77 — Wed, 29 Apr 2009 16:19:54 +0000

[...] stock markets are up Wednesday morning, which would likely lead to higher mortgage interest rates, even though the U.S. economy shrank more than expected the first quarter of this [...]

By: Mortgage Rates Nearly Unchanged ? Have We Seen the Bottom of the Housing Market? | The Chicago 77

Tue, 14 Apr 2009 15:24:29 +0000

[...] interest rates are still very sensitive to the uncertainty of the financial markets. Today, mortgage rates are nearly unchanged from recent levels, which leads us to a cautiously floating mindset. Recent [...]

By: Fannie Mae’s Home Affordable Program Coming to Fruition | The Chicago 77

Mon, 13 Apr 2009 19:12:26 +0000

[...] April 2009 ? Mortgage rates and home prices are still very attractive. Now is the time to buy or refinance your [...]