Tag Archives: Mortgage

Houston Mortgage Update 10/07/2014

Posted ago by Cary Cox

ShareHouston mortgage rates are holding steady with faltering global growth  in Europe and China. The German manufacturing sector was disappointing, showing contraction in the sector for the first time in over a year. U.S. Factory activity, marked by the ISM …

FHA – Wants a Mortgage For Low Score Borrowers, But Wants Better Mortgage Performance?

Posted ago by Cary Cox

ShareYes leave it to the government to want the impossible, but FHA is asking lenders to do just that with the FHA mortgage program – they want a mortgage for more low FICO borrowers, but they want lenders to deliver …

Houston Luxury Home Sales Soar – Low Jumbo Mortgage Rates Help

Posted ago by Cary Cox

ShareIt was reported in the Houston Chronicle that Luxury Home Sales are near the top in the nation. From the Houston Chronicle: It’s no secret that Houston has some pretty pricey neighborhoods, but the city has also seen growth overall …

Houston Mortgage Update on Mortgage Rate Movers 09/29/2014

Posted ago by Cary Cox

ShareLots of items last week and this week that will influence Houston mortgage rates. Here is what happened to influence mortgage rates last week: The Chicago Federal Reserve reported that the National Activity Index was negative in August, suggesting below …

Mortgage News for 09/22/2014

Posted ago by Cary Cox

ShareLast week we had many more geo-political events moving the mortgage market and mortgage rates around. Here is a quick summary of last week and upcoming news this week that will affect mortgage rates in Houston, TX and all over …

Fewer Mortgage Originators Are Not Good For Competition or The Consumer

Posted ago by Cary Cox

ShareOver-regualtion and over-compliance are causing many small to medium size mortgage lenders and mortgage banks to either consolidate or, pass the higher costs onto borrowers, or close down all together. I’ll be the first to admit that for years there was …

Mortgage Application and Mortgage Rate Update

Posted ago by Cary Cox

ShareIt is a big week for all interest-rate products including mortgage product rates with the Federal Reserve meeting this week. You’ll really want to check the forward guidance of the Federal Reserve to see what may be ahead for mortgage …

Your Mortgage Data & Mortgage Information

Posted ago by Cary Cox

ShareI read an article today about mortgage data breaches and how to stop them. Here are some questions to ask yourself: 1. Does my mortgage lender employ secure encryption for my mortgage data? 2. Does my mortgage lender have a …

Houston Mortgage & Real Estate Update

Posted ago by Cary Cox

ShareMortgage rates have been in a sideways pattern, influenced mainly by geo-political events. These events may also keep the price of oil up which will just continue the demand for Houston real estate. For self-employed borrowers many of our investors …

FHA Mortgage Update

Posted ago by Cary Cox

ShareFHA mortgage guidelines for condos have been extended through the calendar year of 2016. Haveing consistent FHA mortgage guidelines are great. On the other hand, FHA really needs to loosen up their mortgage guidelines for condos. Many first-time homebuyers can …