October 16th, 2010 (Modified on January 30th, 2013)

Weekly Recap (10/11/10-10/15/10)




Be aware of all that comes with walking away“:

Frustration over the lack of a suitable response from Washington to help the nation’s underwater borrowers has once again ramped up discussions of walking away. In late September we wrote a post titled “Little interest in FHA Short Refinance program.” Here are a few of the comments we’ve received from that post which showcases the frustration underwater borrowers are experiencing and how it may influence their decision to walk away (emphasis added)…


Will mortgage rates be affected by upcoming Fed meeting?

Fed to purchase Treasuries?

The next Federal Open Market Committee (FOMC) meeting is scheduled for November 2, 2010 — the day of mid-term elections. Unless there’s substantial economic improvement between now and then, it is believed that some announcement will come with regards to the Fed purchasing Treasury obligations (known as Quantitative Easing).

Safer is better

With so much uncertainty in an unpredictable mortgage market, banks and investors have shown quite the appetite for safer investments, like Treasuries. Even with their record low yields, Treasuries provide investors with a guaranteed return (even if it’s a meager one at that)…


Have you considered ‘recasting’ your mortgage?

Whether or not you have been able to refinance at today’s record-low mortgage rates, there’s another, less-known strategy out there for reducing your monthly payments: “recasting” or “re-amortizing” your home loan.

Recasting your mortgage allows you to lower your monthly payments by putting up a large sum of money against your mortgage’s principal. Your balance is recasted to a smaller amount and you pay accordingly


Don’t forget about our ‘HSH in the News’ page“:

If you haven’t checked it out recently, be sure to visit the “HSH in the News” section of the blog (at the top-right corner, just below the search box).

Premier media outlets across the country contact on a weekly, if not daily, basis, to quote our mortgage rate information and our experts in their news items.

The “HSH in the News” section is just another facet of our overall website which offers readers the latest commentary and information on what’s happening in the mortgage and housing markets.

Here are just a few examples of our latest mentions…


Weak economic growth means low(er) mortgage rates“:

A lack of economic growth translates to, among many other things, a lack of employment opportunities. That was quite evident in September’s employment report.

Economic deceleration also means lower mortgage rates

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One Response to “Weekly Recap (10/11/10-10/15/10)”

  1. Tweets that mention Weekly Recap (10/11/10-10/15/10) | HSH Financial News Blog -- Says: October 16th, 2010 at 9:55 am

    [...] This post was mentioned on Twitter by Under Water Photo , John Carmine. John Carmine said: Mortgage & Housing Market News from The next Federal Open Market Committee (FOMC) meeting is scheduled fo… [...]

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About the HSH Blog'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.

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Tim Manni

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

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