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Mortgage News Archives - Page 4 of 4 - That Mortgage Banker Blog

Category: Mortgage News

Michigan Housing Market Shifts Gradually as First Time Buyers Seek Mortgages

November 2, 2012 Marc Edelstein Michigan Mortgage Lender, Mortgage News 0 Comments

Americans, including Michigan residents, are starting to feel better about the economy, and the improvements in the housing market are proof of that.  An October Gallup poll shows that for the first time in over 5 years, more people are beginning to feel comfortable about the economic shifts than a year ago. “This is not […]

Mortgage Market Recap for the week ending Friday September 28th, 2012

October 10, 2012 Marc Edelstein Mortgage News, Mortgage Real Estate Market Review, Weekly Mortgage Market Recaps 0 Comments

It was another good week for mortgage rates. Concerns about the level of global economic growth and about the progress of reforms in Europe were favorable for mortgage rates, which ended the week lower. Nearly all of the major economic data released this week reflected slower economic growth. In the US, GDP, Durable Orders, and […]

Mortgage Market Recap for the week ending Friday September 21st, 2012

October 1, 2012 Marc Edelstein Mortgage News, Mortgage Real Estate Market Review, Weekly Mortgage Market Recaps 0 Comments

Global central banks continued to add monetary stimulus this week, which was favorable for US bonds. The economic data was roughly neutral. As a result, mortgage rates ended the week a little lower. On Wednesday, the Bank of Japan (BOJ) announced that it will increase its level of monetary stimulus, following similar recent moves by […]

Mortgage Market Recap for the week ending Friday September 14th, 2012

October 1, 2012 Marc Edelstein Mortgage News, Weekly Mortgage Market Recaps 0 Comments

With few surprises from Europe or the economic data, by far the biggest story of the week was Thursday’s Fed announcement. The Fed’s decision was extremely favorable for mortgage rates, which improved after the news and ended the week lower. The Fed announced that it will implement a third round of quantitative easing (QE3) to […]

Mortgage Market Recap for the week ending Friday August 10th, 2012

August 21, 2012 Marc Edelstein Mortgage News, Mortgage Real Estate Market Review 0 Comments

While last week was packed with highly anticipated central bank announcements and significant economic data, there was no major economic news this week. As a result, both mortgage rates and the stock market ended the week with little change. The pace of global economic growth is one primary influence for mortgage rates right now. Slower […]

Michigan Mortgage News – Obama Administration Cuts Refinancing Costs for FHA Loans

March 7, 2012 Marc Edelstein Mortgage News 0 Comments

Recently the FHA announced a change in the costs associated with mortgage financing, citing a need to increase the cost for mortgage insurance to counter the steady decrease in housing values.  At the same time, the Obama administration is unveiling a new plan that will allow some borrowers with existing federally insured mortgages to refinance […]