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 HSH.com on a weekly, if not daily, basis, to quote our mortgage rate information and our experts in their news items.
On his Headline News (HLN) T.V. program last weekend, personal finance expert Clark Howard fielded a call from a viewer who was refinancing his home after a recent divorce:
Caller: I recently just finalized my divorce, and I’ve got to pay my wife half the equity in our home because I’m buying the home off of her because I have to refinance.
Part of the reason why so many visitors come back to HSH.com time and time again is because we have information and data that isn’t readily accessible anywhere else. Another reason why people keep coming back to our site is because HSH.com has been providing trusted, non-biased mortgage information for over 30 years.
HSH.com is pleased to announce the release of four new sections. While there has always been lots of great mortgage data available at HSH.com, now there are even more tools for homebuyers to track trends, compare loan products and find great mortgage deals.
A lot has changed since December 2009 when we wrote both our last two-month forecast and our 2010 Outlook for mortgage rates. We decided to delay the release of the February two-month forecast in order to give us some more time to consider the changes that were and still are forming in the mortgage market. Although delayed, we have published the latest Two-Month Forecast for Mortgage Rates.
At the dawn of the new year, the Fed was slated to move forward with their plan to end their mortgage-backed security (MBS) purchase program on March 31, 2010 — a plan that for nearly 16 months drove mortgage rates down to record lows. At that time, there was no other plan in place to pick up where the Fed’s plan would leave off. However, a lot has changed in three months.
The Northeast is currently being blanketed by another round of heavy snow. HSH.com’s New Jersey office is closed today, February 25, 2010 due to the winter weather. We’ll keep you posted regarding tomorrow, since the storm is expected to hang around into the early portion of the weekend.
However, Mother Nature won’t slow the blog down, it will remain up and running through the end of the week and into the weekend.
Ah yes, time for my favorite post of the week: our weekly recap. Why is it my favorite? It means another week has elapsed, and it’s time for the weekend.
Here what was new this week on blog.HSH.com:
Friday:
On Monday, HSH VP Keith Gumbinger was the guest on Chicago’s WBBM Noon Business Hour. Mr. Gumbinger joined ‘Business Hour’s’ hosts Sherman Kaplan and Regine Schlesinger to talk about the current conditions in the home equity lending market.
Schlesinger led off the discussion by asking our VP if there’s more to the home equity lending problem than just falling home prices. “That’s kind of the linchpin for all the issues facing home equity lending we’ve seen,” said Gumbinger. Declining prices have wiped out the value of many homes, effectively erasing equity for some, while causing others to go underwater.
Whether it’s to quote the mortgage rates we publish, or to get our take on the latest market developments, news outlets across the country contact HSH.com all the time.
“HSH in the News 2009” is another facet of our blog that chronicles all of our mentions in the national media. ‘In the News’ is full of topical stories and the contributions we’ve made to each.
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.
