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上周的房贷申请激升13%

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Mortgage Bankers Association的数据表明,在6月10日截止的那一周,房贷申请数量激升了13%,是从3月份以来的最大升幅。

随着30年固定贷款利率的不断走低(http://lowerloan.net/?page_id=26),更多的房主想抓住机会申请重新贷款,重新贷款的申请数量上升了16.5%。在所有的房贷申请中,重新贷款所占的比例从前一周的67.3%增加到了70%

Walk away from your mortgage? Time to get ‘ruthless’

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http://money.cnn.com/2011/06/07/real_estate/walk_away_mortgage/index.htm?source=yahoo_quote

NEW YORK (CNNMoney) — Should you keep paying your mortgage on a home that’s dwindling in value?

No way, say an increasing number of underwater homeowners who are voluntarily choosing to “walk away” from their home loans, a practice known as “strategic default.”

Jon Maddux, CEO of YouWalkAway.com, reports 10% more clients this year to his company, which advises people how best to handle the walk away process.

Charles Gallagher, a real estate attorney in St. Petersburg, Fla., has also seen an uptick.

And a recent survey by home finance company Fannie Mae found that while only about 27% of homeowners would even consider walking away, that’s up from 15% last year.

In an early 2010 report, Morgan Stanley researchers said nearly 200,000 defaults in the prior year were voluntary, or roughly 12% of the total. The bank expects to issue updated estimates in coming weeks.

利率连跌八周,4.60%已经失守!

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30年固定利率到本周为止,已经连续跌了8周,年度最低点不断被刷新,与去年的历史最低点越来越近!

根据Freddie Mac的每周跟踪调查数据显示,30年固定利率从4.60%降到了4.55%,15年从3.78%降到了3.74%,5/1ARM则与上周持平。与8周前的3.91%相比,30年已经下降了0.36%。

而根据Bankrate的隔夜跟踪调查数据显示,今天的30年固定利率利率更是跌到了4.49%!

详细的历史数据请去下面的地址查询:

http://lowerloan.net/?page_id=26

One in nine mortgages at risk of foreclosure

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http://www.marketwatch.com/story/one-in-nine-mortgages-at-risk-of-foreclosure-2011-05-20?siteid=yhoof

据Center for Responsible Lending数字显示,今年第一季度,1/9的房屋贷款者处于失去房屋的风险中。在2003年的第一季度,这个数字只有1/32。

“处于风险中的贷款”是指房主拖延月供已经超过了60天以上,或者房子已经在foreclosure。

这个数字虽然还是很高,但是与去年和前年相比,情况已经有所改善。

固定利率跌到了年度最低点,“房产族”纷纷开始重新贷款

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固定利率本周跌到了年度最低点,“房产族”纷纷开始重新贷款。重新贷款的人数上周上升了7.8%。

根据Freddie Mac的每周跟踪调查数据显示,30年从4.63%降到了4.61%,15年从3.82%降到了3.80%。虽然下降幅度不大,但积少成多,与一个月前的3.91%相比,30年已经下降了0.3%。

5/1ARM则有所回升。详细数据和历史数据请去下面的地址:

http://lowerloan.net/?page_id=26

U.S. Mortgage Applications Rose 7.8% Last Week on Refinancing

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http://www.bloomberg.com/news/2011-05-18/u-s-mortgage-applications-rose-7-8-last-week-on-refinancing.html

Mortgage applications in the U.S. increased last week to the highest level since December as cheaper borrowing costs made refinancing more attractive.

The Mortgage Bankers Association’s index of loan applications rose 7.8 percent in the week ended May 13. The group’s refinancing measure advanced 13 percent, while the purchase gauge fell 3.2 percent.

什么是7/1 ARM

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最近7年浮动利率也降到了3%以下,引起了很多人的关注,想更多的了解浮动利率的特征。

什么是7/1 ARM

7/1ARM是指在30年贷款中,头7年是固定利率。7年以后,利率将根据市场进行浮动,每年浮动一次。但是你的浮动利率有一个上限(caps),让你能得到适当的保护。浮动利率主要由(Index+Margin)来决定:

  • LIBOR Index:大部分的银行都采用LIBOR的one year rate作为Index,你可以在http://libor.wsjprimerate.us/中查到现在的Index是0.736%
  • Margin:这是在你贷款时就固定的,30年都不会变化,一般在2%至3%之间
  • Caps:一般有三个数字组成,分别表示浮动的第一年,第二年和Lifetime的cap。Cap加上起始利率,就等于你的最高利率
  • Maximum Rate:等于最开始的利率加上你的cap

比如说,你的7/1 ARM 利率是3%,term是5/2/5 cap,margin是2.250%。这就表示头7年,你的贷款利率一直是3%。7年以后你的利率将根据市场进行浮动。如果市场利率低,你的利率也会低。如果市场利率变高,你的利率也会高,但最高不会超过3%+5%=8%。

风险

现在的7/1 ARM利率很低,比30年/15年固定利率好。但是7年以后市场情况可能变差,利率可能会变高。所以你必须要仔细计算自己的得失。一旦决定选7/1 ARM,你一定要一直保持很好的credit和较低的负债比,在适当的时候能重新贷款到30年/15年的固定利率。

5/1 ARM

5/1 ARM的性质和7/1 ARM几乎一样,只是开始的利率只在5年内固定。5/1 ARM的开始利率一般要比7/1 ARM好一点,风险也大一点。

Mortgage rates at 2011 low, but many won’t benefit

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This week, a qualified buyer could expect to finance a home over 30 years at an average fixed rate of 4.63 percent, according to mortgage buyer Freddie Mac. That’s the lowest average rate in five months. In November, the rate hit a four-decade low of 4.17 percent.

The 15-year fixed mortgage, popular with refinancers, is down to 3.82 percent. That’s also the lowest point since December.

Mortgage rates have fallen for four straight weeks, tracking the yield on the 10-year Treasury note. The 10-year yield has dropped as investors have snapped up Treasurys and other safe securities because of uncertainties about the global economy and the volatile prices of oil and other commodities.

Rate on 30-year fixed mortgage falls to 4.71%

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http://finance.yahoo.com/news/Rate-on-30year-fixed-mortgage-apf-3609779585.html?x=0

NEW YORK (AP) — Fixed mortgage rates dipped to the lowest level of the year this week. The third straight weekly decline comes at the start of the peak buying season.

Freddie Mac says the average rate on the 30-year loan fell to 4.71% from 4.78% the previous week. That matched this year’s low reached in January. But it is above the 40-year low of 4.17% hit in November.

The average rate on the 15-year fixed mortgage slipped to 3.89% from 3.97%. It reached 3.57% in November, the lowest level on records dating back to 1991.

Low rates have done little to boost home sales, which are far below the level that economists consider healthy. Still, most sales occur between April and August.

Mortgage rates plunge

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http://www.bankrate.com/finance/mortgages/rates-reach-5-month-low.aspx

The benchmark 30-year fixed-rate mortgage fell 7 basis points this week, to 4.88%, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 5.12%; four weeks ago, it was 5.08%.
The benchmark 15-year fixed-rate mortgage fell 9 basis points, to 4.05 percent. The benchmark 5/1 adjustable-rate mortgage fell 13 basis points, to 3.56%.

Home loan applications rise

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http://www.bankrate.com/financing/mortgages/home-loan-applications-rise/

The volume of new mortgage applications increased 5.3% in the week ended April 15 compared with the prior week, according to a survey conducted by the Mortgage Bankers Association, or MBA, in Washington, D.C.

But the more interesting info, as always, was in the details:

  • The index that measures home purchasing activity was up 10% to the highest level in more than four months.
  • That jump was driven largely by a 17.6% increase in applications for so-called government loans.
  • The index that measures refinancing activity was up 2.7% from week to week, likely due to a dip in interest rates during the recent period. But refinancing activity dropped to 58.5% of total applications, the lowest proportion since May 7, 2010.

Rate on 30-year mortgage falls to 4.80%

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NEW YORK (AP) — The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market.

Freddie Mac says the average rate on the 30-year loan declined to 4.80 percent from 4.91 percent the previous week. It hit a 40-year low of 4.17 percent in November.

The average rate on the 15-year fixed mortgage fell to 4.02 percent from 4.13 percent. It reached 3.57 percent in November, the lowest level on records dating back to 1991.

Mortgage rates tend to track the yield on the 10-year Treasury note, which fell earlier this week.

Sales of previously occupied homes rose slightly last month. But most of the gains were because of a rise in foreclosure sales to investors.

http://finance.yahoo.com/news/Rate-on-30year-mortgage-falls-apf-1435030145.html?x=0

Wells Fargo’s income rises 51%; mortgages fall

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http://seattletimes.nwsource.com/html/businesstechnology/2014819379_apusearnswellsfargo.html

联邦政府正在拟定更严格的贷款规则

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http://seattletimes.nwsource.com/html/realestate/2014684447_harney10.html

联邦政府正在拟定新的贷款规则,包括:

  • 至少20%的头期
  • 严格的debt-to-income比例:36%,远远小于现在市场上的45%
  • 如果要重新贷款,房屋资产不得少于25%;如果要作cash-out重贷,房屋资产不得少于30%
  • 更严格的信用要求。比如说,如果你在过去2年里有过一次拖延付款60天以上的记录的话,你将不能拿到最好的利率

这个新的提案就是所谓的“qualified residential mortgage”,或QRM。按照联邦政府提议,如果某项贷款不符合QRM标准,银行必须要提取5%的保证金,以备贷款人跳票。而这5%的费用,将无可避免的被转移到消费者头上。

新的提案正在收集公众的建议,建议截止期是6月10日,预期到2012年开始正式施行。

全国贷款经记没能阻止住联邦政府的贷款收费新政

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http://www.businessweek.com/news/2011-04-06/mortgage-brokers-fail-to-block-fed-loan-commission-rule.html

两大贷款经纪组织的努力彻底失败,没能阻止住联邦政府的贷款收费的新政策。从4月6日开始,新的贷款收费政策正式实施。

新的贷款收费政策的本意是防止贷款经纪恶意提高利息,从中提取高额回扣,从而导致金融系统的动荡。但是,据National Association of Independent Housing Professionals的主席Marc Savitt的说法,“The consumer is going to be an even bigger loser than small business, because I can’t give discounts anymore to my borrowers.”

Watch for rising mortgage costs

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Here’s a quick look at five trends this spring and how they could raise borrowers’ loan costs.

  • Feds restrict loan officer pay: A new federal regulation that restricts how loan officers are compensated might result in higher costs for borrowers. So far, no one knows exactly how the rule, effective April 1, will play out, but one result could be fewer choices of interest rate and fee combinations, suggests Reggie Green, a loan officer at Firstline Mortgage/Crossline Capital in Chandler, Ariz. “You’re going to see two options,” Green says. “Pay all the loan officer’s compensation upfront or take a higher rate and the loan officer gets totally paid through the rate.”
  • Fannie, Freddie raise risk-based prices: Borrowers who have a middling credit score, a small down payment relative to the property’s purchase price or little equity relative to their home’s value will be subject to higher interest rates on so-called conforming loans that lenders can sell to Fannie Mae or Freddie Mac.
  • FHA raises premiums
  • ‘Qualified Residential Mortgage’ defined: Federal law will allow lenders to buy and sell whole QRMs, but require them to keep a 5 percent ownership interest in any mortgages that don’t fit the definition. As proposed in late March, the definition includes a 20% down payment to buy a home, 25% equity to refinance an existing mortgage and 30% if the refinance has a cash-out component.
  • Lower limits mean more jumbos: Borrowers who live in a relatively expensive housing market and who want a loan of more than $625,500 will pay more for their mortgage later this year.

为什么你贷不了款?

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http://finance.yahoo.com/news/Why-you-cant-get-a-cnnm-1758048512.html?x=0&sec=topStories&pos=1&asset=&ccode=

贷款利率是很低,但问题是:如果你贷不了款,再低也跟你没关系!

现实很清楚,只有非常合格的人才有可能拿到贷款,还不一定能拿到最好的利率。4分之一的人贷款申请被打了回票,而有些人只不过是Credit上的小小的一点污点而已。

4分之一的回绝率只是现象的一半。现象的另一半是,很多有潜力的买家甚至连申请都没有递,因为他们知道自己递了也没有用,所以干脆就自觉放弃申请了。这一点从Fannie Mae和Freddie Mac的平均Credit Score上可以反映出来。现在的平均Credit Score是760!!!!!!

另外,对首付的要求也大幅度提高,平均值达到了几乎15%。几年前的泡沫经济时期,首付可以是0!!!

可以预期,随着合格买家的减少,需求将进一步下滑,房价可能会继续走低。

Why the New Mortgage Risk Rules May Fail

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http://www.cnbc.com/id/42342980?__source=yahoo%7Cheadline%7Cother%7Ctext%7C&par=yahoo

Yesterday financial regulators proposed a set of rules intended to lower mortgage defaults by requiring banks to retain five percent of the risk when they package home loans as securities. Unfortunately, the plan relies on banks to adequately self-regulate their lending practices—something they’ve shown time and again they are not very good at.

ARMs suit some, but what about you?

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http://finance.yahoo.com/news/ARMs-suit-some-but-what-about-brn-2636702132.html?x=0

A growing number of people seem to choose ARM. An estimated 10% of borrowers, up from 3% in 2009, will opt for an ARM this year, according to a recent Freddie Mac survey of 112 lenders nationwide.

Whether you should be among them depends greatly on your specific situation and your tolerance for risk. In some cases, ARMs are certainly worth a look.

The real reason most borrowers shy away from an ARM is their own risk tolerance, says Michael Moskowitz, president of Equity Now, a direct mortgage lender headquartered in New York City.

“An ARM would save most of our customers money, but only about 15% of the loans we fund are ARMs because not everyone is comfortable with the risk,” Moskowitz says. “If they can’t sleep because they’re worried about interest rates, it’s not for them.”

Even if a borrower has a relatively low risk tolerance, they may want to look at an ARM if they plan to move soon.

ARMs have a big potential downside because the rates can jump, leaving the borrower on the hook for more than if they had gone with a traditional product. “That risk is always there,” says Moskowitz. “However, it’s a risk that you can and should understand before you take the loan.”

Mortgage Applications in U.S. Rise 16%, Biggest Gain Since June

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http://www.bloomberg.com/news/2011-03-09/mortgage-applications-in-u-s-rise-16-biggest-gain-since-june.html

30年固定贷款将逐渐消失

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http://finance.yahoo.com/loans/article/112270/without-loan-giants-30-year-mortgage-may-fade?mod=loans-home

Obama政府和共和党国会少有的共同点就是准备关闭Fannie和Freddie. 虽然这不会很快发生,但是市场会逐渐减少对这两家公司的依赖。没有了它们,房贷市场会发生什么变化呢?

  • 30年固定贷款将会成为稀有产品
  • 利息肯定将会上升
  • Lender将会收取更多的费用
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