Tuesday, August 16, 2011

Housing Starts, Permits Both Drop in July

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Aug 16, 2011 2:03PM

Housing Starts, Permits Both Drop in July

Housing starts in July fell from June figures but still came in well ahead of predictions. According to information released by the U.S. Census Bureau and the Department of Housing and Urban Development on Tuesday, July housing starts were at a seasonally adjusted annual rate of 604,000, a drop of 1.5 percent from the revised June estimate of 613,000. The June numbers were also revised downward from the original estimate of 629,000 starts. Reuters had predicted that starts would drop to 600,000 while...

Aug 15, 2011 11:27AM

Refi Roadmap: A Locked Rate Isn't a Closed Loan

Rates are bouncing around near record lows set last October and consumers are looking to seize the opportunity. There's always a rush by consumers and loan agents to lock rates on dips, and that practice is all the more prevalent when extreme daily rate swings raise the sense of urgency. But before you take the ready-fire-aim approach, remember the old saying: haste makes waste. Just because a rate is locked doesn't mean the loan will close. Here's how you can make sure that it does. Let Lender Run...


Micro News

4:49 PM:

Freddie Mac: Revised Quality Control and Mortgage Eligibility Requirements in Guide Bulletin 2011-15

3:48 PM:

Economic Calendar More Sparse as Rally Shoots for Confirmation

2:50 PM:

Positive Reprice Potential is Ongoing as MBS Hit New Highs

2:10 PM:

TransUnion: National Credit Card Delinquencies Hit New Record Low

2:07 PM:

Treasury Announces Funds to Spur $3.6 Billion in New Lending to Small Businesses

1:29 PM:

Miscellaneous Highlights and Quotes From Merkel/Sarkozy

9:31 AM:

ECON: Industrial Output up 0.9 pct, Beats Forecast

8:36 AM:

ECON: Housing Starts Fall Less-Than-Expected in July

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Today's Comments

Justin Kennedy

"This is typical government spinning the wheel of plutocracy. if they really wanted to move th inventory why do they have a first look program that cuts..."

Rob Ellis

"@Rich, Elizabeth, and NReynolds - Is there a short refinance solution the government can come up with that both satisfies the need to assist underwater..."

Rich Reimiller

"@ Elizabeth and NReynolds: It's really easy to just say "let's forgive the balance." Remember that the vast majority of these loans are..."

Today's Q&A

Anonymous

"Is it illegal for a bank to sell a loan to another entity without..."

Anonymous

"To calculate my next months interest amount, do I multiply the..."

Anonymous

"Is a mortgage considered a respa document?"

Today's Forum Discussions

Craig Swinimer

"Loan Scenario View All Post A Scenario Loan State: Massachusetts Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $90,000 Property Value: $310..."

stras phey

"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: Harris Loan Type: Refinance (Rate and Term) Loan Amount: $131,000 Property Value..."

Tracey N

"We currently have a $150k 15 year loan at 4.875% and we currently have 7yrs more to payoff. Should we refinance to a lower rate? What term would be the..."