Home Loans Mortgage: Mortgage Rates: The Return of Record Lows

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Aug 4, 2011 4:44PM

Mortgage Rates: The Return of Record Lows

The craziness continues... Mortgage rates and most things related to bonds have ventured back into record setting territory. Stock markets are at the tipping point of full blown panic and interest rates have been the main beneficiary. IMPROVED CURRENT MARKET *: The BestExecution conventional 30-year fixed mortgage rate has improved to 4.250%. Some lenders are even offering 4.00% but that quote carries with it additional closing costs. On FHA/VA 30 year fixed BestExecution is now 4.00% with some lenders...

Aug 2, 2011 1:42PM

FEEDBACK NEEDED: New Loan Disclosures

Transparency is critical and today much of the paperwork associated with a mortgage is far too confusing. Recent government regulations have made credit products, especially mortgages, even more opaque with mandated disclosures in obscure legal language produced in small type. As a result, an extra burden has been imposed on lenders while providing no additional benefit to consumers. Elizabeth Warren, the ex-Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau...

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Micro News

4:58 PM:	Outlook: Employment Situation Report
4:53 PM:	Atlanta Fed's Lockhart Talks Monetary Policy, U.S. Economy
4:18 PM:	LPS: Foreclosure Starts Increased Over 10% in June - Delinquincies Up 2.4%
3:50 PM:	All About Tomorrow's Jobs Report and Stocks
11:36 AM:	ICBA to Regulators: Risk Retention Rule Would Devastate Credit
10:52 AM:	Freddie Mac: Mortgage Rates Hit Record Lows Amid Signs of Weakening Economy
8:58 AM:	ECB to Halt Rate Hike Cycle, Pressured on Bond Buys
8:36 AM:	ECON: Jobless Claims Fall Slightly

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Around the Web

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Video News

	Angelides Says Fannie, Freddie Not Main Causes of Crisis
	Trader's View of the Markets
	Is U.S. Economy Grinding to a Halt?

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Today's Comments

	"GUIDANCE: Our longer-term mortgage rate outlook has finally come true. To that end, if you've been waiting since last November for rates to recover..."
	"Wow. What a turn of events. I'm sure every tom, ** and cnbc pundit has their theory on why this is happening but here's mine: There have been..."*
	"Option 1 has the most similarity and provides the most continuity to the HUD-1 and in many ways is beginning to resemble the old GFE that it appears the..."

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Today's Q&A

	"Is a mortgage considered a respa document?"
	"What does "re-amortizing" a loan mean?"
	"what happens when there are 2 people on a mortgage and they both..."

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Today's Forum Discussions

	"We currently have a $165k 30 year loan at 4.75%. We are looking at refinanicing to a 15 year loan at 3.5%, no points, and about k in closing costs. Is..."
	"Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $850..."
	"I have a borrower with perfect credit and great assets. We are looking to do the Open Access loan for him but he currently has PMI. This is a Wells Fargo..."