August 1st, 2010

Weekly Recap (7/19/10-7/31/10)



With another week in the books, it’s time to review all the posts we published this week (beginning with yesterday’s post and working our way back to Monday). The title of each post will link you to the full article.


Guest Post: What I Think Is Wrong With HVCC“:

The following guest post was contributed by Kris Taraz, Managing Director of Inhouse Capital Mortgage Services in Escondido, California. Kris has also lent his experience and opinions to some of our other content, including a blog post on the current state of the housing market and an article regarding the new good faith estimate (GFE).


“‘Zero-Down’ Mortgages Are Still Available?“:

For a certain set of borrowers they are. Congress has passed on legislation to President Obama for his signature that would effectively renew the United States Department of Agriculture’s (USDA) Single-Family Housing Guaranteed Loan Program.


White House: Fannie, Freddie Reform Proposal by January 2011“:

According to the Treasury, the White House will present a proposal for the reform of Fannie Mae and Freddie Mac to Congress by January 2011.

We really don’t see a coherent, well-thought-out proposal being delivered to lawmakers in less than six months. Here are a few reasons why…

Help Us Help You: Share your Home-Financing Experience“:

If you can spare a few minutes, we’ve developed a short survey which asks you questions about your ongoing home-financing experience. We’re looking for responses from first-time homebuyers, repeat buyers and even borrowers who are shopping for refinance and home equity loans.


‘Cash-In’ Refi: Refinance When You’re Underwater“:

With the decline in home prices wiping out equity stakes, millions of homeowners owe their lender more than their homes are worth. As such, “underwater” borrowers may have to pay cash upfront to take advantage of today’s historically-low mortgage rates.


Brand New Two-Month Forecast for Mortgage Rates“:

On a bi-monthly basis, HSH.com releases their Two-Month Forecast for Mortgage Rates. In each forecast, we review our previous prediction — evaluating the circumstances that caused rates to do what they did — and we examine current factors and conditions in order to forecast mortgage rates over the next nine weeks or so.


What’s to Stop Falling Mortgage Rates?“:

For months now we’ve been saying that rates have to firm up sooner or later. But week after week the headlines of our weekly newsletters stay the same. Last week was no different.

Mortgage rates fell again last week, according to the latest issue of our Market Trends Newsletter, “Great Rates, but Summer Bummer.” The weekly average for the 30-year Conforming rate (week ending July 23) fell to 4.64%, down from 4.69% the week prior.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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