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October 16th, 2011

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

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Weekly NewspaperSaturday

Boost your credit score before applying for a mortgage

Too often, mortgage borrowers are rejected for a home loan on the basis of poor credit. Whether you’re in the market for a purchase-money mortgage, a refinance or even a home equity loan, coming to a lender with a strong credit score–especially in this present environment–will truly increase your chances of success.

According to HSH.com contributor Alexandra Kay, there are five ways borrowers can improve their score prior to submitting an application…

Friday

Wave goodbye to refi

In a market where homes aren’t selling and many consumers are afraid to buy, refinancing has been instrumental in keeping the mortgage industry on its feet. Sure, programs like HARP haven’t help the number of homeowners it set out to, but persistently low mortgage rates have kept mortgage borrowers interested and engaged in trying to lower their monthly mortgage payments.

Yet according to a forward-looking forecast from one industry source, this country will experience a huge falloff in refinance volume in the very near future…

Thursday

California says, ‘No more foreclosures’

There’s a new effort in California with would end the foreclosure crisis as we know it.

The idea is to have a referendum and simply ban foreclosures. And while this is a thought which is surely attractive in many ways, as a practical matter it’s not going to happen…

Wednesday

Mortgage rates rising, according to HSH.com’s new Wednesday release’

Mortgage rates rising,” that’s not a phrase we’re used to hearing.

According to the latest weekly mortgage rate report from HSH.com, rates on two of the most popular types of mortgages rose the week ending October 11…

Tuesday

Will mortgage rates keep falling?

Back in August, I’m not sure anyone anticipated that mortgage rates would fall as low as they have in recent weeks.

While HSH.com, along with many other mortgage-market observers, knew mortgage rates would remain at historically low levels, the depths to which they’ve fallen over the last two months surprised just about everyone.

And according to the latest forward-looking mortgage rate forecast from HSH.com, low mortgage rates are going to be around for a while…

Monday

Mortgage rates falling once more

While the economic data out this week couldn’t easily be characterized as “great”, the collective tenor of the available reports was arguably the most solid in some time, lending at least a little hope that we will not slide into recession as we close 2011.

This pulled some money out of hiding, and the stock market had a little better time of it for at least the time being. To the extent that things aren’t getting economically worse at the moment suggests that mortgage rates might stabilize at bit. After a small upward blip two weeks ago, mortgage rates sported a small downward blip last week (ending October 7)…

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

  1. Alexander Says: October 17th, 2011 at 3:07 am

    That is super information! Thanks for sharing! I’m going to Tweet about your blog.

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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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