Rates Remain VERY Affordable, But... According to Freddie Mac, the rate on 30-year fixed mortgages edged down to 4.11 percent from 4.12 percent a week earlier. Average interest on 15-year fixed home loans, meanwhile, rose to 3.38 percent from 3.37 percent over that same time span, after hitting an all-time low of 3.26 percent two weeks ago. Demand for home loans, however, slumped nearly 15 percent in the latest weekly survey from the Mortgage Bankers Association. The group's composite index of mortgage applications was down 14.9 percent from the week before, with requests for purchase loans and refinancings sinking 8.8 percent and 16.6 percent, respectively. Refi demand accounted for 77.6 percent of all application volume, down from 79.1 percent in the prior week.
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Bank of America...eat this! This is price less!
I absolutely love this! This is truly one for the record books. This is for all of my clients whom have fought Bank of America for short sale acceptance to avoid looming foreclosure! www.michelebryan.com Examples of available Real Estate Property for Sale/Rent in Sevier County, Tenn : · Overnight Rental Cabins for Sale in Pigeon Forge, Tennessee · Residential Homes for Sale in Seymour, Tennessee · Homes for Sale in Kodak, Tennessee · Foreclosure Cabins for Sale in Pigeon Forge, Tennessee · Foreclosure/ Short Sale Properties for Sale in Sevierville, Tennessee · Lo...
Lawmakers fight 20% Down payment
Daily Real Estate News | March 30, 2011 | Share NAR Opposes High Down Payment Requirement High down payment requirements being proposed by federal regulatory agencies as part of the upcoming rule-making under the Dodd-Frank Wall Street Reform and Consumer Protection Act will unnecessarily burden home buyers and significantly impede the economic and housing recovery, according to the National Association of REALTORS® . Six agencies (including the Department of Housing and Urban Development, Federal Deposit Insurance Corp., Federal Housing Finance Agency, Federal Reserve, Office of the Comptroller of the Currency, and the U.S. Securities and Exchange Commission) are developing a proposed risk retention regulation under the Dodd-Frank Act that requires lenders that securitize mortgage loans to retain 5 percent of the credit risk unless the mortgage is a qualified residential mortgage (QRM); FHA and VA mortgage...
Wells Fargo lowers min required credit score
EFFECTIVE JANUARY 15TH 2011 WELLS FARGO WILL ACCEPT A 500 CREDIT SCORE ON A PURCHASE TRANSACTION!!!!!!!!!!! www.michelebryan.com