In this blog we discuss FHA down to 500, mortgage rates and where they are going and the mortgage interest deduction.

Difference between Credit Freezing and Fraud alert from lender standpoint.

Mortgage rates continue to climb based on economic news and the stock market. We have seen Stocks hit lifetime highs each week now for quite a few weeks, as investors flee bonds and put money into this RED HOT stock market.

In this blog:  Rates continue to slide, source and seasoning of assets, and FHA mortgae down to 500 FICO!

Mortgage rates last week were pretty flat, squeaking out a minimal .06 reduction.  This week we are in a neutral stance, mainly because the Federal Reserve meets this week.  And although we do not anticipate a rate hike, we do expect some guidance on unwinding their balance sheet and by how much.  This will include the Fed NOT purchasing any more mortgage back securities (MBS).  The Fed has been purchasing MBS  for 8+ years now, keeping mortgage rates artificially low.  As they start to NOT purchase MBS and also potentially selling MBS, we will see rates become even more volatile, thus rising with the markets, instead of being influenced by the Federal Reserve.

Rural Development nixed Realtor fees, FHA reverts back, Wells Fargo in trouble...again?