Investment Mortgage Guy

The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October.

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November marked the first time since February 2009 that the number of monthly foreclosures filings failed to surpass 300,000 units.

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Mortgage markets worsened again last week as belief in a U.S. recovery and concerns for inflation took hold on Wall Street. Conforming mortgage rates rose for the 6th straight week.

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Despite an unfavorable HMI reading, home builders might still less willing to “make a deal”; holding out for a better 2011.

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Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.

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Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent.

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The Federal Open Market Committee holds a one-day meeting today, its 8th scheduled meeting of the year and 10th overall.

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Mortgage markets worsened last week as the U.S. economy showed additional signs of strength; and global demand for mortgage bonds slipped. Conforming mortgage rates rose for the fifth straight week.

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Fannie Mae rolls out new mortgage guidelines Monday. Therefore, if you’re in the process of applying for a conforming home loan, consider giving your complete application by the close of business Friday.

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Prior to 2009, the Home Opportunity Index rarely topped 65. The index has remained above 70 ever since.

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