What To Do When Your Bank Won�t Finance More Than 4 Properties (Even Though Fannie Mae Allows It)

The 5-to-10 Properties Financed program is proving to be a bust. Despite Fannie Mae's explicit endorsement of investor loans -- mortgage lenders are keeping the investor-friendly program off their books. Well, most of them anyway.



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[Source: The Mortgage Reports]

Why The March 2009 Case-Shiller Home Price Index Is Good News For Housing

According to the March 2009 Case-Shiller Index report, home prices are down by nearly 19 percent nationwide. Or, at least, that's the story the press is running with. It makes for good headlines, but the data can be misleading to the average homebuyer in Cincinnati or Chicago or elsewhere. Home...



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[Source: The Mortgage Reports]

The Untimely Timing Of The Freddie Mac Primary Mortgage Market Survey

To a consumer, one of the most difficult facets of shopping for a mortgage is figuring out just what mortgage rates are doing at any given time. Despite countless websites and blogs devoted to the topic of mortgage, the most important part of a person's research -- the darn price -- can't be found...



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[Source: The Mortgage Reports]

Mortgage Rate-Locking Strategies Ahead Of This Week�s Federal Reserve Meeting

So that brings us to today's Federal Open Market Committee meeting. Looking at the chart at top, markets are 99.3% certain that the Federal Reserve won't raise the Fed Funds Rate from its current range of "near-zero". Investors have come to this conclusion because the Fed has repeatedly said it...



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[Source: The Mortgage Reports]

The Mortgage Reports : A Planned Blogging Vacation

I'm on blogging leave for the rest of the week. For mortgage questions on your purchase or refinance, email me anytime. My contact information is at right. In the meanwhile, keep yourself entertained with Strongbad.



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[Source: The Mortgage Reports]

Why Mortgage Rates May Plunge One Last Time Before Low Rates Are Gone For Good

The Federal Reserve's Agency MBS Program introduces massive amounts of demand for mortgage-backed bonds over a short period of time, creating a buy-side imbalance that leads bond prices higher and bond yields lower. It's possible the Fed could expand the program, bringing mortgage rates down to the...



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[Source: The Mortgage Reports]

What Mortgage Rates Will Do Over The Next 30 Days (June 11, 2009 Edition)

Putting two-and-two together, I'm telling you for the last time: If mortgage rates get too close to 7 percent, the Federal Reserve will likely to accelerate the pace of its bond buys and may increase its commitment to the markets, too. At least temporarily, this would drive mortgage rates down in...



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[Source: The Mortgage Reports]