Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, mortgage market.#Mortgage #market


Today’s Interest Rates and Financial Advice:

Mortgage market

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

Mortgage market

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

Mortgage market

Mortgage market


Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, mortgage market.#Mortgage #market


Today’s Interest Rates and Financial Advice:

Mortgage market

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

Mortgage market

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

Mortgage market

Mortgage market


RMA, Real Mortgage Associates – How the Bond Market Affects Mortgage Rates, mortgage market.#Mortgage #market


How the Bond Market Affects Mortgage Rates

The Government of Canada, and all major nations, finance their activities and accumulated deficits, by issuing “bonds”. In the US they are known as “Treasuries” and in the UK “Gilts”. The duration and interest rate paid on new issues of these bonds depends upon the financial strategy of the Government in power. The accumulated outstanding amounts of these bond issues, past and present, is known as “the National Debt”. New issues are constantly required either to refinance maturing issues or finance current Government deficits, and a bond (say in $100,000 denominations) is considered a “commodity” by the market. Like every other commodity, its price can go up or down.

How Market Changes can Affect Mortgage Decisions

The single biggest dilemma for Canadian mortgage borrowers since 1992 has been whether or not to lock in to a long term mortgage or stay ‘short’. History has shown that, overall, it might have been better to stick with a short term or variable rate mortgage. That, however, is 20/20 hindsight, and many who locked in their mortgage at 6.75% in March of 1994 and then watched as rates zoomed through the roof when constitutional discord ravaged the Canadian dollar, would argue that they got the better of the deal. It remains to be seen what the next decade will hold. Let’s consider a few of the dynamics directly affecting rates, and then see how personal mortgage decisions might be affected.

  • Stay ‘short’ with a 6 month convertible or variable rate mortgage, watching for indications that a long lasting upheaval warrants either a long-term lock-in or a ‘hedging’ strategy. This approach is for the ‘risk-taker’, or the borrower who can easily absorb significant rate hikes and is prepared to live with a reasonable average over the long haul.
  • ‘Hedge’ your bets by either taking a protected variable rate mortgage with a ceiling at the current, 3 year posted rates; or a split-term mortgage with terms varying from 6 months to 5 years, in amounts which suit your risk tolerance level. This strategy is the best for those that are cautious, and possibly vulnerable to significant rate increases in the near term. or simply partners with different risk tolerances!
  • Lock in now, after negotiating your best long term rate – as long as 10 years from some lenders. This dispels all concerns about the direction of the market, and gives the risk- averse borrower an opportunity to reduce their mortgage balance significantly before they are once again exposed to interest rate risk.

    Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, mortgage market.#Mortgage #market


    Today’s Interest Rates and Financial Advice:

    Mortgage market

    Financial Advice

    Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

    November 14th 2017

    The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

    November 13th 2017

    Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

    November 13th 2017

    Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

    November 10th 2017

    It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

    November 10th 2017

    You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

    November 8th 2017

    Mortgage market

    Interest ing Snapshot

    Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

    Mortgage market

    Mortgage market


    Real Estate News – Home Prices, Mortgages and Loan Calculators, mortgage market.#Mortgage #market


    Real Estate

    Mortgage market

    Hurricanes could bring another disaster: Foreclosures

    Mortgage market

    • Mortgage market

  • Mortgage market

  • Mortgage market

  • Mortgage market

    LendingTree

    NextAdvisor

    Partner Offers

    Most Popular

    GoBankingRates

    CNNMoney Sponsors

    Find Homes For Sale

    Mortgage market

    Mortgage market

    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. . All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S P Dow Jones Indices LLC and have been licensed for use to S P Opco, LLC and CNN. Standard Poor’s and S P are registered trademarks of Standard Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S P Dow Jones Indices LLC and/or its affiliates.

    2017 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. .


  • Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, mortgage market.#Mortgage #market


    Today’s Interest Rates and Financial Advice:

    Mortgage market

    Financial Advice

    Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

    November 14th 2017

    The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

    November 13th 2017

    Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

    November 13th 2017

    Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

    November 10th 2017

    It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

    November 10th 2017

    You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

    November 8th 2017

    Mortgage market

    Interest ing Snapshot

    Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

    Mortgage market

    Mortgage market


    Real Estate News – Home Prices, Mortgages and Loan Calculators, mortgage market.#Mortgage #market


    Real Estate

    Mortgage market

    Hurricanes could bring another disaster: Foreclosures

    Mortgage market

    • Mortgage market

  • Mortgage market

  • Mortgage market

  • Mortgage market

    LendingTree

    NextAdvisor

    Partner Offers

    Most Popular

    GoBankingRates

    CNNMoney Sponsors

    Find Homes For Sale

    Mortgage market

    Mortgage market

    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. . All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S P Dow Jones Indices LLC and have been licensed for use to S P Opco, LLC and CNN. Standard Poor’s and S P are registered trademarks of Standard Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S P Dow Jones Indices LLC and/or its affiliates.

    2017 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. .


  • Inside Mortgage Finance Publications – What the Mortgage Market Reads #current #fixed #mortgage #rates


    #mortgage finance

    #

    Total first-lien purchase mortgage originations rose by 44.3 percent from the previous quarter according to estimates from Inside Mortgage Finance

    Mortgage originators reported a sharp increase in home-equity lending during the second quarter of 2016, although it wasn�t as robust a gain as the 34.2 percent surge in first-lien originations. Lenders generated an estimated $53.5 billion in home-equity business during the second quarter, an increase of 18.9 percent from the first three months of the year. It was the strongest quarterly production number for the HEL market since the financial crisis. Halfway through 2016, home-equity lending was up 15.9 percent from last year and tracking toward $200 billion in annual production. Although home-equity lending has strengthened over the past few years as house prices have recovered to pre-crisis levels, the outstanding supply of home-equity debt continues. [Includes three data tables]

    Retail lending through brick-and-mortar branches and consumer-direct programs was the biggest production channel in conventional mortgage lending but had a somewhat smaller share in government-insured lending, according to an exclusive analysis by Inside Mortgage Finance. Retail production played a dominant role in the jumbo market, where it accounted for 79.3 percent of originations over the 18-month period ending in June 2016. Correspondent production played a meaningful role, accounting for 16.1 percent of jumbo originations, but brokers (4.6 percent) had a relatively thin share of the jumbo market. Brokers� strength was. [Includes one data table]

    Some of the nation�s largest originators � including Quicken Loans, United Wholesale Mortgage and Freedom Mortgage � are reporting record originations for August, a boom that�s also resulting in headaches industry-wide: namely appraisal and underwriting delays. At this point, few are describing the delays as a crisis, but with September half over, certain originators fear that longer closing times will eat into profits while angering borrowers. �I have.

    Latest Mortgage Data

    Feature Stories

    Fannie Mae and Freddie Mac saw a solid 10.0 percent increase in production of single-family mortgage-backed securities in August, and there are signs that the GSEs are regaining some lost market share as well. The two GSEs issued $91.59 billion of single-family MBS last month, their highest monthly total since August 2013. Interestingly, most of the increase came from rising refinance activity. The flow of refi loans is up 14.0 percent at Fannie and 8.7 percent at Freddie, while purchase-mortgage business rose 9.9 percent and 6.3 percent, respectively, at the two firms. Two thirds of the way through 2016, GSE single-family business was still down slightly from the first eight months of last year.

    Bank and thrift holdings of non-agency ABS fell slightly during the second quarter, but the industry is not backing away from the consumer credit space. Depositories prefer to hold these assets in unsecuritized form on their balance sheets. A new Inside MBS & ABS analysis of call-report data shows that banks and thrifts held $130.98 billion of non-mortgage ABS at the end of June. That was down 0.7 percent from March and represented the 10th consecutive quarterly decline since the end of 2013, when the industry�s ABS holdings hit their all-time peak. According to the Securities Industry and Financial Markets Association, the supply of non-mortgage ABS debt outstanding actually rose. [Includes two data tables]

    With rising origination volume and solid gain-on-sale margins, the business of originating and selling home loans generated substantially more earnings during the second quarter of 2016, according to a new Inside Mortgage Trends analysis of earnings reports. But the servicing side of the business had trouble generating positive income after taking into account gyrations in mortgage servicing rights valuations and the hedges lenders place on these assets. [Includes one data chart]

    Bank and thrift holdings of first-lien mortgages increased by 2.4 percent in the second quarter of 2016, according to an Inside Nonconforming Markets analysis of bank and thrift call reports. The holdings were boosted by jumbo mortgages, with few of the loans being delivered into mortgage-backed securities. Banks and thrifts held $1.90 trillion in first liens as of the end of June, up $44.22 billion from the end of March. Some $101.00 billion in jumbos were. [Includes one data chart]

    VA refinance mortgages accounted for the biggest share of total insured refis during the first six months of 2016, according to an Inside FHA/VA Lending analysis of agency refi data. On a monthly basis, VA refi totals exceeded refis with FHA and private mortgage insurance, peaking at $9.3 billion (58.1 percent of total VA originations) in April. Over the six-month period, the refi share of VA loans securitized by Ginnie Mae averaged 52.3 percent, compared to 29.6 percent for FHA and 21.0 percent for private MI loans securitized by Fannie Mae and Freddie Mac. In terms of total volume, however, FHA held a commanding lead, $123.0 billion, over private MIs ($102.7 billion) and VA ($84.8 billion). Interestingly, the average interest rate on VA refi loans, 3.6 percent, over the six-month period was lower than FHA�s and private MIs� note rates of 3.9 percent and 4.0 percent, respectively. There is no clear. [1 chart]

    Nonbank mortgage originators continued to feel the heat of scrutiny from the CFPB over the last year, new data show. The number of the bureau�s examinations of non-depository mortgage lenders jumped an eye-popping 220.0 percent as of June 30, 2016, compared with the mid-year mark in 2015, according to data provided exclusively to Inside the CFPB from the agency per a Freedom of Information Act request. Further, in each of the first two quarters of this year, the CFPB examined as many nonbank mortgage originators as it had for the entire second half of last year, the data show. On the other hand, nonbank servicers got a slight reprieve, with CFPB exams falling 66.7 percent year over year (YOY) and.

    Customer Center

    Copyright 2016 Inside Mortgage Finance Publications
    7910 Woodmont Ave. Suite 1000, Bethesda, MD 20814
    Tel: (301) 951-1240; Fax: (301) 656-1709

    All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys’ fees (17 USC 504 et seq.) Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.

    Link To This Page

    HTML Code

    Select and Copy the Code Below


    Looking for a mortgage in today’s market can be complicated #mortgage #repayment #calculator


    #top mortgage lenders

    #

    Who are the Top 10 Mortgage Lenders in America?

    Looking for a mortgage in today’s market can be complicated. So many banks have become insolvent or are on the brink of financial trouble that loans are no longer as simple as they used to be. One way to be sure that your lender is in good financial shape and that you are getting the best mortgage deal possible is to do business with a company which makes large numbers of loans. While your hometown bank may be financially sound, it may also be difficult to secure a low-interest loan with an institution like this due to tightening of standards for lenders in the wake of the housing “bubble” burst.

    Who are the Top 10 Mortgage Lenders?

    The top ten mortgage lenders in the United States (according to loansafe.org) are listed below, with notes about each. Dealing with one of these companies may be the easiest way to get a good loan at a reasonable price, and be certain that your financial future is safe.

    1) Fannie Mae/Freddie Mac

    With a portfolio of over $1.5 trillion, these institutions, which are run by the federal government, are actually the largest lending entity in the country. While these federal agencies do not make loans directly, loans through them are guaranteed by the government, so underwriting lenders are secure in their loans. This year, the government stepped in to re-order both agencies, in view of tremendous losses due to bad loans made by subsidiary lenders, so expect some very detailed questions and a hard look at your credit report if you are mortgaging through them. On the other hand, the purpose of these agencies is to make low-cost loans available, so you will likely get a good interest rate if you qualify.

    2) Wells Fargo Mortgage

    With a portfolio of $77 billion in 2010, Wells Fargo is the largest private mortgage lender in the country. With 23.9% of the market share, this bank has offices nationwide and offers competitive interest rates to qualified borrowers.

    Bank of America claimed 22.19% of the total market share for mortgages in 2010, with a portfolio of $71.5 billion. Second only to Wells Fargo, this banking giant makes thousands of home loans every year, and provides many other banking services, as well.

    Chase claims a smaller percentage of the market, at only 10.16%, or about a third of the top two competitors. However, aggressive marketing and the move into revolving credit lines have helped this company grow. Chase has a total mortgage portfolio of $32.8 billion.

    A branch of GMAC financing, this group claims 4.02% of the market share, with a portfolio of $13 billion. While mortgages are not GMAC’s main business, this is a large sideline, and the diversity may help keep interest rates low. On the other hand, being tied so closely to the automobile market may also spell trouble down the road.

    Like so many of its brothers, Citi Bank has become very diversified, offering revolving credit lines, home mortgages, and personal loans. With a mortgage portfolio of $11 billion and 3.43% of the housing market share, Citi is poised to grow as smaller companies get out of the mortgage business.

    7) U.S. Bank Home Mortgage

    Another company which has grown substantially in the face of the downward-turning housing market, U. S. Bank takes 2.78% of the market share, with a portfolio of $9 billion.

    This company claims 2.78% of the market share, with $7.8 billion in loans in 2010. While not the largest mortgage company, its smaller size may help it absorb some of the housing shocks which may still be on the horizon.

    From its southern roots, SunTrust has weathered many storms such as losses from hurricanes in Florida, and is still going strong. It has 1.75% of the market share for mortgages, and a portfolio of $5.6 billion.

    10) Provident Funding Associates

    Rounding out the list is Provident, a name unfamiliar to many, but with a 1.6% total of market share and a mortgage portfolio of $5.2 billion.

    Of course, size is not always the most important factor in choosing a lender. However, if you are interested in protection and want your mortgage company to remain solvent throughout the life of your loan, your risk is far less with an established company which has a large percentage of the market share. Choosing a lender like this may be more important than saving a few tenths of a percent on your interest rate, in view of the recent mortgage problems experienced by many banks.


    Should I Trade In The Pre-Market Hours? #pre #market #stock #trades, #pre-market #hours


    #

    Should I Trade In The Pre-Market Hours?

    The regular stock market hours are between 9:30am through the close at 4pm. The open and close of this official market trading period is signaled by the sounding of a bell, often rung by the CEO of a newly issued public company or other person of note. During these hours you can trade in all the companies listed on exchange, and place a variety of different types of order.

    However, trading also takes place outside of these hours. These trades are still considered on exchange transactions but will be executed with slightly different rules. These extended trading sessions can see some of the best trading opportunities, as often price sensitive news, such as quarterly results for example, are released either prior to the official open or post the official close.

    The pre-market hours run from 7am through to the official open, and are generally considered to set the tone for the day’s trading. On the Nasdaq, whilst orders can be input from 7am, executions only take place from 8am.

    Less Volume More Volatility

    Volumes are usually lower during pre-market trading hours. The investment community isn’t fully awake yet, and many will be traveling to work. This period before the official open, therefore, can see a great deal of volatility. This is particularly true where a company has released results after the close of the market, or before the open: prices can react violently to news as investors look to establish a new price.

    Because of this potential for increased volatility, and also possible low volumes of shares posted on orders, only limit orders are allowed during the pre-market extended hours. Also, Nasdaq price and order feeds are only updated every 15 minutes, rather than the real time data that flows through the regular trading day.

    So, while there is money to be made during the pre-market, you need to be aware that all may not be quite as it seems.

    It wasn’t always like this. Not so long ago, trading in shares outside of official market hours was even more restricted. Only institutional or very high net worth clients were able to access the markets, and then only through a broker. Now though, since the advent of ECN’s (electronic communication networks), the small private client and day traders have enjoyed the access that used to be reserved for the ‘big boys’.

    Because of the proliferation of ECN’s, many brokerages give their clients access to full pre-market information: bids and offers, trade information, and price changes compared to the previous day’s official close.

    If your broker doesn’t support pre-market activity, then there are a number of websites that offer pre-market data free of charge.

    The Nasdaq website gives full pre-market information on Nasdaq listed shares. Here you’ll find executed trade details on its pre-market trading service, and you can build a watchlist of up- to 25 stocks to keep up to date with trading activity.

    The NYSE site is more limited in its information dissemination pre-hours, but does show the price changes of the latest trades (though with a 20 minute delay).

    When you discover the benefits of pre-market trading – the opportunity to be ahead of the game, make profitable trades on breaking news, and get a real feel for the day ahead – you may well become addicted to crawling out of bed those few hours earlier. But before you get carried away, it’s necessary to be fully aware of the disadvantages of those early hours (apart from waking up when most other people are still in their beds).

    It can be riskier

    Information can be limited, particularly if your broker doesn’t support the pre-market. Many brokers also use quotes from a limited number of providers, so be aware of this.

    The spread quoted will often be wider than those during normal hours, which effectively means that you’ll be paying a larger premium to initiate or close a position. A major reason for these larger spreads is the far lower liquidity available pre-market, which also makes it more difficult to trade in any real size.

    You’ll also find that you are trading with professionals, who might have better access to more information than you. It could be that prices traded in the pre-market are skewed up or down, and will return to ‘normal’ when the market opens. I’m afraid that this really is a case of ‘buyer beware’.

    To Conclude

    So, all in all, pre-market trading can give you an opportunity that you won’t see during regular hours. But it comes with a red warning flag hanging over it. You could make a sizeable profit, and certainly be more informed as to how the regular trading day will pan out, but if it goes wrong it could go horribly wrong.

    Some traders love the pre-market, some traders hate it. But being aware of it, and the potential risks and rewards will help you to understand the markets, how they move, and the opportunities that exist, both while your neighbor is asleep and when he is working his regular job.