Mortgage Rates & Trends

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Mortgage and Lending - Total Mortgage Services
Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage
RECENT BLOG POSTS
Republicans taking over the House of Representatives seem to be backing away from their pledge to overhaul or privatize Fannie Mae and Freddie Mac. Earlier this year, Republicans backed a plan to eliminate the government’s ties to the mortgage giants and privatize them within five years if they w...
12/29/2010
Well this is kind of interesting: According to a Washington Post article by Zachary Goldfarb, Stuart Rabner, the chief justice of the New Jersey State Supreme Court announced that he would stop all foreclosures by major banks unless they can definitively show that they are complying with state la...
12/21/2010
  Rising mortgage rates prompted more first-time home buyers to purchase homes last month. That was one of the conclusions of the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. While mortgage rates began increasing from record lows in early November the first-time home buye...
12/21/2010
Earlier this week the Congressional Oversight Committee lambasted the Treasury Department and its foreclosure prevention programs, specifically the Home Affordable Modification Program. Among other things, the report said: “Treasury’s reluctance to acknowledge HAMP’s shortcomings has had real con...
12/17/2010
As with every Wednesday, the Mortgage Bankers Association released their Weekly Mortgage Applications Survey this morning.  Steadily increasing mortgage rates appear to be sucking what life there was out of the anemic housing market. Total mortgage applications dropped 2.3 percent from the week p...
12/15/2010
More confidence that the economy will improve has pushed up mortgage rates recently. Investors have been shifting their money out of ultra-safe U.S. Treasury bonds, which pushes their prices up and yields down, and into the stock market. They’re betting that an improving economy will boost busine...
12/14/2010
Later this afternoon the Federal Reserve is going to release its FOMC statement.  Most Fed observers expect that nothing will change from the last statement, and that the Fed will maintain its commitment to low rates.  I touched on this topic briefly yesterday.  Within that article I mentioned th...
12/14/2010
We all have been hearing news on the increasing rates for mortgages for the past weeks. However, Total Mortgage has lowered mortgages rates considerably from last week. The new reduction on mortgage rates has created an ideal time for potential homeowners to refinance their existing mortgages as ...
11/23/2010
Debt-to-income or DTI ratio is one of the key factors mortgage lenders calculate to determine whether borrowers can afford mortgage loans they have applied for or not. The debt-to-income ratio is calculated by dividing the total monthly debt payments by the total monthly income. Monthly debt paym...
11/23/2010
Although housing prices have essentially stabilized nationwide, it should not be assumed that housing prices will soon begin to rise again. In fact, the complete opposite is far more likely for at least another 12 to 18 months. And, there are a few compelling factors to bolster this claim. First,...
11/23/2010
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Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage