Florida Mortgage News Update from Kevin Sandridge

5:31 AM |

Bank Mortgage Lending Policies Appear To be Easing

2010-08-24 08:47:48-04
According to the Federal Reserve's quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It's a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges. Related posts:

Florida Mortgage Update: 1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter The Federal Reserve says that financial markets "remain supportive of...
Fannie Mae Tightens Guidelines On ARMs And Interest Only Products For the first time this year, Fannie Mae announced significant...
Your Florida Mortgage Approval Isn’t Final Until It’s Funded A mortgage approval is never final until it's funded. A...

New Home Sales Drop In July — Just Like Existing Home Sales

2010-08-26 08:48:00-04
Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July's rate of sales, the nation's new home inventory would be exhausted in just about 9 months. Related posts:

Single-Family Housing Starts Hold Steady For The 8th Straight Month Single-family Housing Starts idled last month, dropping just 3,000 units...
New Homes Sales Gain in June, But Gains Are Relative June's New Home Sales data is a major improvement over...
May Housing Starts Fall – Pushing Home Prices Higher Single-family housing starts plummeted to a one-year low in May,...

Home Affordability Rankings For 225 Metropolitan Statistical Areas

2010-08-27 08:46:49-04
With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights. Related posts:

Lakeland – Winter Haven Rank Among Florida’s Best for Home Affordability The Lakeland - Winter Haven areas of Florida rank among...
Sagging Homebuilder Confidence Opens The Door For Good Deals Remember, it wasn't too long ago that most builders were...
Nation’s Supply of New Homes Could Sell in 5 Month’s Time At the current sales pace, the nation's complete supply of...

Florida Mortgage Update for the Week of August 30, 2010

2010-08-30 08:47:02-04
When Chairman Bernanke talks, markets listen. His comments about the U.S. economy helped fuel a late-Friday surge in mortgage rates last week. Related posts:

Florida Mortgage Rate Update for the Week of July 26, 2010 Rates are still hovering near their lowest levels of all-time,...
Florida Mortgage Rate Update for the Week of June 14, 2010 Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and...
Florida Mortgage Rate Update for the Week of January 19, 2010 This week, in holiday-shortened trading and with little economic data...

Mortgage Rates May Be Low, But They're Tough To Pin Down — Especially This Week

2010-08-31 08:46:53-04
Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it. Related posts: