Monthly Archives: June 2009

Are Housing Prices Finally Stabilizing?

The continued deterioration in housing prices may finally be coming to an end.

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Welcome, Julie Messina!

Please join me in welcoming Julie Messina as our newest author on Mortgages Unzipped.  Julie started her career in real estate finance in 1979 at a community bank in Rochester, New York.  After moving to Arizona in 1984, Julie held various management positions at banks and mortgage banking companies.  In 2008, Julie achieved the Certified…

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Mortgage Market Update

Well, here we are on the Monday before the Fourth of July.   What should we expect for the week? As the week progresses, expect to see the moves and the volatility on Wall Street get more and more accentuated.   Why?   Because there will be more and more of the people who are left on Wall…

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Mortgage Market Week in Review

This week’s Mortgage Market Week in Review is complete and scheduled to go out at 5:00 on Saturday, June 27.   Go to Straight Talk About Mortgages and fill out the box in the left column.   Sign up there before 4:45 and you’ll get your own copy by e-mail.   It’s totally free and hopefully useful!…

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Mortgage Market Update

So, what’s been happening in the markets since the last time I did a Mortgage Market Update on Wednesday?  A couple of things: Citibank is suffering a variety of issues this week, but I’ll write about that later. Personal incomes were up, mainly because of the stimulus plans.  Personal savings was up as well.   That’s…

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Under Water By More Than 105%: Now What?

Many people in who are current on their mortgage payments and want to refinance their home have spoken with their lender about the Obama refinance — where they can be up to 105% “under water” and still get a Fannie Mae / Freddie Mac loan. What they are finding out once their appraisal comes back…

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Mortgage Rates Look for Direction and the Week Ahead

Last week was a good week for mortgage backed securities and consumer borrowing costs. In total MBS, improved by almost 100 basis points which helped to lower mortgage rates by ¼ percent. Much of the improvement came on the day after the FOMC statement…(read more) Go to Source

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Mortgage Rates Make a Break After Successful Auctions

If you read the blog yesterday, I stated that we were in need of a rally in treasury yields in order for prices of mortgage backed securities to improve before mortgage rates to could move lower. Well, that is what happened. The benchmark 10 year treasury…(read more) Go to Source

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Rates dip; should you lock?

Mortgage rates dipped on Thursday, which means that you should at least consider locking. Go to Source

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Rates up, appraisals down

Rates rise modestly in Bankrate’s survey; conventional wisdom on appraisals is misinformed. Go to Source

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