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Archive for the ‘Trends’ Category:

5 Reasons to Give Thanks for Our Mortgages

Posted in Market Trends, Trends | November 18, 2013

There have been some years recently when few Americans would have counted their mortgages among the blessings they celebrated at Thanksgiving. And, with 1.2 million homes still in foreclosure, all too many won’t be doing so this year. However, for the huge majority, it’s possible once again to be grateful, not just for our homes, but for they system that allows us to buy them. Here are five things to give thanks for this Nov. 28. 1. Long terms and fixed rates Earlier this year, LendingTree explored how the U.S. mortgage market is structured compared to those in other countries. It turns out that America and Denmark are the only nations on earth where the dominant product is long-term, fixed-rate mortgages (FRMs) that can be refinanced without penalty. Most places

Mortgage Rates Drop for the Second Week in a Row. If You haven’t Refinanced Already, Here’s Your Chance.

Posted in Mortgage Rates, Refinancing, Trends | July 25, 2013

If you haven’t refinanced already, you probably had good reasons. Maybe your credit needed a little cleanup. Maybe you needed more time at your job (or to find a job!). Maybe you weren’t sure if you were going to move or stay. Or maybe you just gave birth to colicky twins who screamed night and day and you couldn’t do anything but grit your teeth and try to hang in there and sleep for an hour every couple of days. You might think that the best refinance opportunities have passed you by. Rates Are No Longer at Historical Lows. Whatever….. Whatever rates were a month ago doesn’t matter. Stop kicking yourself and look at today’s mortgage rates — can you save money by refinancing now? If so, and if you

CEO Doug Lebda on TheStreetTV

Posted in Home Loans, LendingTree, Market News, Market Trends, Trends | April 24, 2013

CEO Doug Lebda speaks to TheStreetTV about the housing market, consumer finance, refinance and the state of LendingTree.com. Supply and Demand Mismatch in the Housing Market? With March home sells up 1.5%, Doug Lebda states that we’re definitely seeing a housing rebound. Existing home sales were down a little bit in March but still up over ten percent year-over-year. There seems to be a lot of housing demand with a shortage of supply. And while there are some consumers in the market, about twenty-five percent of homes are being bought by investors and all cash buyers in the market. Return to Bubble Days and Bidding Wars? Lebda states that we are nowhere near bubble days because consumer credit is still tight, although it’s starting to loosen up a bit. We’re

Experts Wrong About Mortgage Rates?

Posted in Mortgage Rates, Refinancing, Trends | March 21, 2013

After alarming mortgage professionals and borrowers, mortgage rates changed course this week and dropped — confounding analysts like those at the the Mortgage Bankers Association. It’s final forecast of 2012 predicts that the 30-year fixed-rate mortgage will average 3.9% in the first quarter of 2013, then gradually rise with an average rate of 4.4% in the final three months of the year. According to Freddie Mac, which has tracked weekly mortgage rates since 1971, the 30-year fixed rate mortgage (FRM) came in at 3.54% in its most recent survey, down from 3.63% the previous week and 4.08% a year ago. The 15-year FRM also dropped to 2.72% from 2.79%, and from 3.30% last year. The adjustable rate mortgage (ARM) rates remained steady or slid slightly, with the 5/1 hybrid ARM unchanged at 2.61%

Sequester Countdown: What Will Happen to Mortgages?

Posted in Government Programs, Home & Taxes, Market News, Trends | February 28, 2013

In the days leading up to the imposition of sequester-driven cuts, analysts, agencies and think tanks have expressed concern about its effects on housing and mortgage programs. The sequester, if Congress and the President don’t pass a budget, will take place on March 1, 2013. The National Housing Committee and Center for Housing Policy says that states will immediately lose funds (to the tune of over $3 billion) for housing help, including grants for down payments, mortgage credit certificates, and rental assistance.  Federal Reserve Chairman Ben Bernanke told Forbes that sequestration-driven cuts will wipe out all or nearly all of the gains that he has engineered with the Fed’s generous monetary policy — that is, the economic stimulus resulting from low interest rates, including mortgage rates. In addition, Bernanke says that without the

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