Mortgage Estimator
Dream the Dream, Live the Reality

Here are some mortgage tools you may want to play with to see how purchase prices, down payments, rates, taxes, homeowners insurance, and mortgage insurance can affect your potential monthly payment.

These tools are maintained by third parties and are provided here for your convenience only. SpinOne Group is not responsible for the accuracy of these tools. Your  LENDER is your BEST source for the values that will be associated with YOUR LOAN.

Mortgage Estimator

This is an estimator, please work with your Lender to determine your actual values!

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
0.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment


$

Principal & Interest
$
Home insurance
$
Property taxes
$
PMI
$
30 Year Fixed Rates Over Time

chart

Current Rates
 

  • MBS RECAP: Just When You Thought The Ceiling Was a Ceiling
    Posted To: MBS CommentaryUndoubtedly, yesterday's bond trading sent a clear message that a technical ceiling near 2.88% was met with strong defense from traders who bought bonds and pushed yields back down into the recent range. Color all of us shocked, then, that today saw yields promptly rise right back ... read more
    Source: Mortgage News DailyPublished on 2018-07-20By Matthew Graham
    3 hours ago
  • Mortgage Rates Behind the Curve For 2nd Straight Day
    Posted To: Mortgage Rate WatchMortgage rates improved today but it was largely a byproduct of yesterday's market movement that didn't make it onto lenders' rate sheets at the time. Mortgage lenders set rates based on trading levels in mortgage backed securities or MBS (the bonds that groups of mortgages turn ... read more
    Source: Mortgage News DailyPublished on 2018-07-20By Matthew Graham
    3 hours ago
  • NAHB Sees Lopsided Growth in Housing Starts
    Posted To: MND NewsWireIn another dive into data from the Census Bureau's Survey of Construction (SOC), the National Association of Home Builders (NAHB) found that one third of the nine census divisions and thus 21 states were responsible for 60 percent of single family housing starts last year. The South ... read more
    Source: Mortgage News DailyPublished on 2018-07-20By Jann Swanson
    10 hours ago
  • Fannie Sees Growth Slowing, Turns Bearish on Housing
    Posted To: MND NewsWireFannie Mae's economists have upgraded their second quarter economic forecast but say that may be about it for the year . In their July forecast, the company's Economic & Strategic Research (ESR) Group, headed by Doug Duncan, noted that the expansion just celebrated its ninth anniversary "with ... read more
    Source: Mortgage News DailyPublished on 2018-07-20By Jann Swanson
    12 hours ago
  • MBS Day Ahead: Back in The Range, But Yield Curve Could Protest
    Posted To: MBS Commentary10yr yields attempted to break above their prevailing range yesterday. As we discussed in the Day Ahead, it takes more than just an intraday move above a ceiling in order to confirm such a break is taking place. Ultimately, yesterday's theme evolved into a resounding defense of ... read more
    Source: Mortgage News DailyPublished on 2018-07-20By Matthew Graham
    12 hours ago
  • Flood, Volcano, Hurricane, and Disaster News; Lender Updates
    Posted To: Pipeline PressA Small Business Administration analysis found that about 90 percent of the country’s damage costs from natural disasters happen in ZIP codes with less than 20 percent of the country’s population. If you’re in the mood to see what that looks like on a map — or ... read more
    Source: Mortgage News DailyPublished on 2018-07-20By Rob Chrisman
    13 hours ago
  • MBS RECAP: Key Technical Ends Up Providing Support
    Posted To: MBS CommentaryIf you are an MBS Live member, today's recap has already been written in this update and in The Huddle . Non-MBS Live members can get a pretty solid idea from the free mortgage rate article HERE . For those who don't like to click links, suffice ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Matthew Graham
    1 day ago
  • Mortgage Rates Back to Flat After Starting Higher
    Posted To: Mortgage Rate WatchMortgage rates had a scare today, as they began the day at their highest levels of the month (depending on the lender) only to fall back in line with yesterday (or better!). The reason for the back-and-forth movement has to do with esoteric behind-the-scenes stuff in ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Matthew Graham
    1 day ago
  • Libor – Not Exactly an Obituary, But…
    Posted To: MND NewsWireA group of financial experts is scheduled to meet at on Thursday to make funeral arrangements for Libor . In case you hadn't heard, the London interbank offered rate, the number that indicates how much one bank needs to borrow from another, is not expected to survive ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Jann Swanson
    1 day ago
  • FHFA Ruled Unconstitutional, but Net Sweep Prevails
    Posted To: MND NewsWireYet another federal court has rebuffed shareholders hoping to recover some value from their investments in the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. A three-judge panel for the Fifth Circuit (Texas) Court of Appeals refused to stop the practice of net worth sweeps required ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Jann Swanson
    1 day ago
  • MBS Day Ahead: What Happens If Bonds Break This Ceiling? (Philosophical Discussion on Technicals)
    Posted To: MBS CommentaryThis primer (and this one , and this one ) will be useful for digesting the following, if you haven't read it before. For those paying any sort of attention to trading levels in bond markets over the past few weeks, it's hard to miss the super ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Matthew Graham
    2 days ago
  • LO Training and Conferences; Teams With Different Comp Plans?
    Posted To: Pipeline Press“Rob, are you hearing, now that the CFPB is perceived to have lost its teeth, that some lenders are providing their loan officers two different rate sheets?” Unfortunately, yes, I am hearing that, but hopefully it is an untrue rumor. It would certainly fly in the face ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Rob Chrisman
    2 days ago
  • Purchase Share and Interest Rates Creep up, Hit New Ellie Mae Highs
    Posted To: MND NewsWireThe share of closed loans for home purchases ticked up another point in June, to 71 percent. While Ellie Mae has only tracked data since 2011, this represents a new high for those loans in the company's Origination Insight Report. The purchase share was also up 1 ... read more
    Source: Mortgage News DailyPublished on 2018-07-19By Jann Swanson
    2 days ago
  • MBS RECAP: Bonds Back at Range Boundary
    Posted To: MBS CommentaryAfter holding the same sideways range since June 27th, 10yr Treasury yields finally knocked on the 2.88+ ceiling for the 2nd time (the previous attempt being July 3rd). But that's about as exciting as I can make today sound. The overall move higher in yields was less ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Matthew Graham
    2 days ago
  • Mortgage Rates Flat Again, Despite Modest Market Weakness
    Posted To: Mortgage Rate WatchMortgage rates were flat again today, further prolonging a trend that's been in place for weeks. During that time, we've seen modest ups and downs, but no significant changes. To put the narrowness of the range in context, the "ups and downs" are only seen in ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Matthew Graham
    2 days ago
  • Millennial Homeownership Headwinds Worrisome for Future
    Posted To: MND NewsWireIt is the largest generation in U.S. history and Millennials may also set a record as the one whose behaviors have been most heavily researched. Despite the hours of study and pails of ink, the direction the generation's members will ultimately take in their lives still has ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Jann Swanson
    2 days ago
  • Housing Permits Soften, Starts Plummet
    Posted To: MND NewsWireAll three measures of residential construction activity performed poorly in June , and the two most closely watched numbers, construction permits and housing starts, fell short of their June 2017 numbers. Despite the monthly and year-over-year declines, the U.S. Census Bureau and the Department of Housing and ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Jann Swanson
    2 days ago
  • MBS Day Ahead: Bonds Increasingly Threatened by Momentum Shift; Powell Part 2
    Posted To: MBS CommentaryFed Chair Powell will deliver round 2 of his congressional testimony today, this time at the House FSOC (yesterday was with the Senate Banking Committee). There's no reason to expect today's House session to be any more of a market mover than yesterday's Senate version. In fact, ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Matthew Graham
    2 days ago
  • Pricing, Efficiency, and Operations Products; California DRE Changes
    Posted To: Pipeline Press“Your loan officer should be given the opportunity to succeed elsewhere.” Ever heard a CEO recommend that to a branch manager regarding a poorly performing LO? Here in San Francisco, at the Western Secondary Conference, the talk is focused on secondary marketing and Fannie’s lower estimate of ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Rob Chrisman
    3 days ago
  • Mortgage Applications: Decline in Purchases Offset by Refinance Gains.
    Posted To: MND NewsWireRefinancing made a tiny bit of a comeback during the week ended July 13. Both the Refinancing Index, a component of the Mortgage Bankers Associations (MBAs) Market Composite Index, and the share of applications that were for refinancing regained some ground after retreating during the previous three ... read more
    Source: Mortgage News DailyPublished on 2018-07-18By Jann Swanson
    3 days ago
  • MBS RECAP: Limited Reaction to Powell Testimony; Stocks
    Posted To: MBS CommentaryFed Chair Powell fielded questions from the Senate Banking Committee today as a part of the 2-day semi-annual congressional testimony often referred to as the Humphrey Hawkins address. These testimonies have plenty of street cred based on past examples where they've caused big market movements. The difference ... read more
    Source: Mortgage News DailyPublished on 2018-07-17By Matthew Graham
    3 days ago
  • Same Old Story For Mortgage Rates
    Posted To: Mortgage Rate WatchMortgage rates were generally unchanged today, prolonging an exceptionally flat trend. Over the past 3 weeks, the average mortgage seeker will not have seen a change in the interest rate attached to their loan. Changes have come instead from the upfront costs associated with any given ... read more
    Source: Mortgage News DailyPublished on 2018-07-17By Matthew Graham
    3 days ago
  • Builder Confidence: Strong but Unchanged, Material Costs Rising
    Posted To: MND NewsWireAs analysts had expected, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) remained at 68 this month. The reading still indicates a strong level of builder confidence in the new home market, but the HMI has been relatively static for months, moving within ... read more
    Source: Mortgage News DailyPublished on 2018-07-17By Jann Swanson
    3 days ago
  • Builders Heeding Advice to Go West. Or South
    Posted To: MND NewsWireThe National Association of Home Builders (NAHB) has plucked more information from the Census Bureau's Survey of Construction (SOC), this time to paint a portrait of the state of residential permitting nationwide. Danushka Nanayakkara-Skillington writes in NAHB's Eye on Housing blog that permits for single-family construction issued ... read more
    Source: Mortgage News DailyPublished on 2018-07-17By Jann Swanson
    3 days ago
  • MBS Day Ahead: 2018 Rate Hike Odds Provide Backdrop For Powell Testimony
    Posted To: MBS CommentaryFed Chair Powell begins 2 days of semi annual congressional testimony today with the Senate Banking Committee at 10am. In recent years, this testimony has devolved into laughable political theater, mostly. That said, today's has a few redeeming qualities. First off, the Senate session tends to be ... read more
    Source: Mortgage News DailyPublished on 2018-07-17By Matthew Graham
    3 days ago
  • Sales and Broker Products; Freddie and Fannie Updates
    Posted To: Pipeline Press“What can be asserted without evidence can also be dismissed without evidence.” While you ruminate on that one, there continues to be evidence and reminders that potential home buyers are having trouble coming up with “skin in the game,” aka, a down payment. It would take an ... read more
    Source: Mortgage News DailyPublished on 2018-07-17By Rob Chrisman
    4 days ago
  • MBS RECAP: Slightly More Active Than a Typical Summertime Monday
    Posted To: MBS CommentarySummertime Mondays are notorious for light volume and seemingly random trading. Today was a slightly more active than normal in that regard, largely due to the presence of top tier data (Retail Sales) and a geopolitical event in the form of the Trump/Putin summit. The latter was ... read more
    Source: Mortgage News DailyPublished on 2018-07-16By Matthew Graham
    4 days ago
  • Mortgage Rates Edge Higher
    Posted To: Mortgage Rate WatchMortgage rates fell to their lowest levels since late May as of last Friday. Today, then, would be the 2nd best day since late May. Rates edged slightly higher to begin the new week as bond markets (which underlie rates) came under modest pressure for several ... read more
    Source: Mortgage News DailyPublished on 2018-07-16By Matthew Graham
    4 days ago
  • MBS Week Ahead: Another Week, Another Chance to Run Same Old Play
    Posted To: MBS CommentaryThis is the off-season for bonds, but they still have to show up for the game every day. The coaching staff (aka the traders turning the cogs of the underlying bond market) have been running the same play every day since June 27th . It's a play ... read more
    Source: Mortgage News DailyPublished on 2018-07-16By Matthew Graham
    5 days ago
  • Broker Products; Blockchain Transaction; Input on DACA Loans
    Posted To: Pipeline PressWhen Costco rolled out its mortgage option to members, many lenders were very concerned. But despite great potential, Costco/First Choice has not become the #1 lender in America. I heard something interesting last week: Costco doesn’t make much money selling products, it makes all profits from membership ... read more
    Source: Mortgage News DailyPublished on 2018-07-16By Rob Chrisman
    5 days ago
  • Permit to Completion – Builder Timeline Depends on Where and Why
    Posted To: MND NewsWireDespite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016. The time did increase compared to 2015 by about two weeks. Using data from the Census Bureau's Survey of Construction (SOC), the National ... read more
    Source: Mortgage News DailyPublished on 2018-07-16By Jann Swanson
    5 days ago
  • MBS RECAP: Bonds Gain Despite Data Surprise and Stock Rally
    Posted To: MBS CommentaryBefore any discussion about market movement in July, we have to set the stage with some disclaimer about "slow summertime trading." That was the subject of this morning's commentary ( read it here , if you like). With that out of the way, we're equipped to pay ... read more
    Source: Mortgage News DailyPublished on 2018-07-13By Matthew Graham
    1 week ago
  • Lowest Rates Since May, But There’s a Catch
    Posted To: Mortgage Rate WatchMortgage rates fell by an observable amount today-- one of the few times they've done so in recent weeks. Technically, today's average lender is offering the best we've seen since May 31st. That sounds pretty great, right?! Unfortunately, there's a fairly big catch. While today's rates ... read more
    Source: Mortgage News DailyPublished on 2018-07-13By Matthew Graham
    1 week ago
  • MBS Day Ahead: Get Used to Coconuts, Probably
    Posted To: MBS CommentaryI know I made a Looney Tunes reference last week, but another one is in order. For those that aren't familiar, Yosemite Sam is stranded on a desert island and sits down to a smorgasbord of coconuts, prepared in various ways: "tossed coconut salad, fresh coconut milk, ... read more
    Source: Mortgage News DailyPublished on 2018-07-13By Matthew Graham
    1 week ago
  • Construction, Warehouse Products; Free LO Comp Webinar; Shifting UW Criteria
    Posted To: Pipeline PressEvents and Training Don't miss out on the Lenders One 2018 Summer Conference in Salt Lake City, Utah, August 5-8, at The Grand America. In an age of disruption, it's never been more important to learn from peers and industry leaders. Keynote speakers Alison Levine and David ... read more
    Source: Mortgage News DailyPublished on 2018-07-13By Rob Chrisman
    1 week ago
  • Mortgage Rates Still Can’t Find Inspiration
    Posted To: Mortgage Rate WatchMortgage rates stood a very decent chance to experience the highest volatility of the week today thanks to the most important economic data of the week being released this morning. The Consumer Price Index (CPI) is the most widely-followed inflation metric in the U.S. and inflation ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Matthew Graham
    1 week ago
  • MBS RECAP: Bonds Hold Steady Despite Big Ticket Events
    Posted To: MBS CommentaryWelcome to summertime in the bond market, where each day is narrower than the last! The same can be said for the past 2 weeks and the past several months, for that matter. By a wide margin, the 3-day trading range surrounding the apex of the Italian ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Matthew Graham
    1 week ago
  • Inflation Data Shows Deceleration in Housing Costs
    Posted To: MND NewsWireWhile the Labor Department's Employment Situation Report for June showed wages plodding along at a 2.7 percent annual increase, unchanged from May, it is still being outstripped by rising costs, especially for housing. Today's Consumer Price Index (CPI) report shows consumer costs overall were up 2.9 percent ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Jann Swanson
    1 week ago
  • New Home Sales Need More Trees and Contractors
    Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is projecting a decline in new home sales for June, putting them significantly behind those in June 2017. MBA's Builder Applications Survey (BAS) shows mortgage applications for the purchase of newly constructed homes were down 12 percent from May and 8.8 percent ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Jann Swanson
    1 week ago
  • Full Radio Interview With Fed Chair Powell
    Posted To: MBS CommentaryIn a fairly rare turn of events, Fed Chair Powell gave a rather lengthy radio interview with Marketplace's Kai Ryssdal. Here's a rather lengthy transcript. Note: This is far from "required reading" given that there's been essentially no market reaction, but it is nonetheless useful insight for ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Matthew Graham
    1 week ago
  • MBS Day Ahead: Stocks and Bonds Telling Different Stories
    Posted To: MBS CommentaryThis morning's key data release is already out and it's already proven to be a dud (MBS Live members can read the update HERE ). So we'll head to higher altitude to check in with bigger picture trends to see what might be on markets' minds. The ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Matthew Graham
    1 week ago
  • UW and API products; FHA/VA/Ginnie Updates; DACA Policy
    Posted To: Pipeline PressChris Whalen notes, “The failure of Bear Stearns & Co a decade ago illustrates the key lesson of financial markets, namely that non-banks are dependent upon 1) banks and 2) clients for liquidity. And no amount of capital will save a non-bank that has a deficit in ... read more
    Source: Mortgage News DailyPublished on 2018-07-12By Rob Chrisman
    1 week ago
  • MBS RECAP: Volatile Day, But Inside The Same Old Range
    Posted To: MBS CommentaryToday was the most active trading day of the week--something that looked destined to be the case considering markets began gyrating right at the start of the Asian session. The initial volatility came in response to the announcement of another $200 bln in US Tariffs on Chinese ... read more
    Source: Mortgage News DailyPublished on 2018-07-11By Matthew Graham
    1 week ago
  • Mortgage Rates Calm Ahead of Key Data
    Posted To: Mortgage Rate WatchMortgage rates played the same role they've been playing for weeks by holding fairly steady today. At the average lender, if you're looking for an average loan and you have above average qualifications, you'll have seen the same interest rate at the top of any loan ... read more
    Source: Mortgage News DailyPublished on 2018-07-11By Matthew Graham
    1 week ago
  • Black Knight: Tappable Equity Skyrockets, But HELOC Loans Decline
    Posted To: MND NewsWireThis month's Mortgage Monitor Report from Black Knight, Inc. is again about equity, but this time with a twist regarding the way homeowners are treating it. The company says that the tappable equity held by homeowners increased by $820 billion dollars over the 12 months that ended ... read more
    Source: Mortgage News DailyPublished on 2018-07-11By Jann Swanson
    1 week ago
  • MBS Day Ahead: New Tariff Announcement Keeps Bonds In Recent Range
    Posted To: MBS CommentaryThe first two days of the week were largely spent lamenting the slow and inconsequential nature of summertime trading in the bonds market. At least that's how I spent them. Superstitious market watchers would quickly point out that such lamentations invite unexpected volatility. While I wouldn't go ... read more
    Source: Mortgage News DailyPublished on 2018-07-11By Matthew Graham
    1 week ago
  • TPO Products; OB/Resitrader Deals; New Tariffs Announced
    Posted To: Pipeline PressU.S. capital markets folks have a way with words. Henry Jonas writes, “I started in this business in a Secondary Marketing in ‘86. Outside of maybe 1994 I cannot remember margins this thin. I went to Kroger and bought the jumbo economy pack of toilet paper with ... read more
    Source: Mortgage News DailyPublished on 2018-07-11By Rob Chrisman
    1 week ago
  • Mortgage Application Volume Ignores Holiday, Purchases Make Strong Showing
    Posted To: MND NewsWireDespite the Independence Day holiday which both shortened and bisected the week, mortgage activity rallied significantly during the week ended July 6. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, increased 2.5 percent on a seasonally adjusted basis compared to ... read more
    Source: Mortgage News DailyPublished on 2018-07-11By Jann Swanson
    1 week ago
  • MBS RECAP: Once More With Less Feeling
    Posted To: MBS CommentaryIf we look solely at the US trading hours, yesterday and today form a nearly perfect 2-day trend just slightly higher in rate. Fannie 4.0 MBS prices have similarly shed 3/32nds (0.09) in a well-behaved trend channel. If we include the full trading session, however, yesterday was ... read more
    Source: Mortgage News DailyPublished on 2018-07-10By Matthew Graham
    1 week ago
  • Mortgage Rates Slightly Higher So Far This Week
    Posted To: Mortgage Rate WatchMortgage rates didn't move for most lenders today. Remaining lenders were just slightly higher than yesterday, thus keeping this week's modest upward bias intact. In the slightly bigger picture, we had a fairly friendly consolidation in rates heading into last Friday and have been giving back ... read more
    Source: Mortgage News DailyPublished on 2018-07-10By Matthew Graham
    1 week ago
  • Jumbo Guidelines Loosening Quicker Than The Rest
    Posted To: MND NewsWireThe Mortgage Bankers Association attributed an increase in its Mortgage Credit Availability Index (MCAI) last month to increased competition among lenders for the jumbo prime mortgage market. MBA said its index increased 0.2 percent in June to 181.0. An increase in the Index indicates that credit standards ... read more
    Source: Mortgage News DailyPublished on 2018-07-10By Jann Swanson
    1 week ago
  • MBS Day Ahead: Bonds Playing Defense Amid Slow Summer Backdrop
    Posted To: MBS CommentaryYesterday saw the lightest Treasury volume of any full trading day so far this year. That's no great surprise in July, as this tends to be the month that marks the true start of summertime absences among market participants. If you've encountered the term " doldrums " ... read more
    Source: Mortgage News DailyPublished on 2018-07-10By Matthew Graham
    2 weeks ago
  • Training and Recruiting Products; Banking News; Loan Financing Needed
    Posted To: Pipeline PressPesky technology… it just won’t go away. Online lending platform fintech player (including mortgages) SoFi has launched a banking app (SoFi Money) in beta testing and expects it to be ready later this year. It includes a debit card that allows P2P payments and accepts mobile check ... read more
    Source: Mortgage News DailyPublished on 2018-07-10By Rob Chrisman
    2 weeks ago
  • Foreclosure Inventory Cruising on at 11-Year Low
    Posted To: MND NewsWireThe foreclosure inventory, that is the percentage of loans in the process of foreclosure, appears to have stabilized at 0.6 percent of all outstanding first mortgage loans. CoreLogic said on Tuesday that that the inventory has been unchanged at that level , the lowest since June 2007, ... read more
    Source: Mortgage News DailyPublished on 2018-07-10By Jann Swanson
    2 weeks ago
  • MBS RECAP: Excruciatingly Slow After Overnight Weakness
    Posted To: MBS CommentaryBonds were moderately weaker today with Treasuries outpacing MBS in that regard. 10yr yields had fallen just over 3bps before the start of domestic trading and MBS logged their first trades about an eighth of a point weaker. After the start of domestic trading, however, nothing else ... read more
    Source: Mortgage News DailyPublished on 2018-07-09By Matthew Graham
    2 weeks ago
  • Mortgage Rates Edge Slightly Higher
    Posted To: Mortgage Rate WatchMortgage rates were modestly higher today amid exceptionally quiet market conditions. In general, the bond market (which underlies mortgage rates) has been sideways and fairly lifeless since the end of June. Until Friday, the same could be said for stocks. At that time, both sides of ... read more
    Source: Mortgage News DailyPublished on 2018-07-09By Matthew Graham
    2 weeks ago
  • Financing a Condo? Recent Guideline Changes Could Make a Big Difference
    Posted To: MND NewsWireFannie Mae recently made some fairly big changes to the condo underwriting process. While it may not affect everyone in the market for a condo, it will make all the difference for others. MND community member Ted Rood provided this excellent overview: If you've ever financed a ... read more
    Source: Mortgage News DailyPublished on 2018-07-09By Matthew Graham
    2 weeks ago
  • Housing Sentiment Still Optimistic, but Losing Momentum
    Posted To: MND NewsWireAmericans may still feel it is a good time so sell a home and a so-so one for home purchases, but, in June at least, they were feeling a little edgy about their job security. Fannie Mae says its Home Purchase Sentiment Index, a measure based on ... read more
    Source: Mortgage News DailyPublished on 2018-07-09By Jann Swanson
    2 weeks ago
  • MBS Week Ahead: Jobs? Sure, But How About Inflation?
    Posted To: MBS CommentaryLast week was was a bit lacking in terms of trading days due to the holiday market closure, but it made up for that with bigger-ticket data and events on Friday. This week is a bit lacking in terms of scheduled economic data, but it will make ... read more
    Source: Mortgage News DailyPublished on 2018-07-09By Matthew Graham
    2 weeks ago
  • Events and Webinars for Lenders; BFCP/CFPB Updates – Lawsuit Dropped
    Posted To: Pipeline PressAs a loan officer, how would you like the borrower’s first contact to be with your CEO or head of mortgage? A Wells borrower is greeted by Michael DeVito, Freedom by Stan Middleman, Quicken by Dan Gilbert, and so on? Or, least, an avatar of them? UBS ... read more
    Source: Mortgage News DailyPublished on 2018-07-09By Rob Chrisman
    2 weeks ago
  • MBS RECAP: First Shot of Trade War Fired by Looney Tunes Gun
    Posted To: MBS CommentaryBonds and mostly stocks were braced for something fairly austere heading into this morning's hard launch of new tariffs. This accounted for a clearly-defined consolidation in stock prices beginning in late June and running through yesterday. Traders stormed the metaphorical battlefield, ready for war, but when the ... read more
    Source: Mortgage News DailyPublished on 2018-07-06By Matthew Graham
    2 weeks ago
  • Mortgage Rates Breathe Sigh of Relief
    Posted To: Mortgage Rate WatchMortgage rates finally fell today--something that's proven elusive since roughly June 15th. Incidentally, that's when financial markets began bracing for the impact of the tariffs that were made official today. In this case, "bracing for impact" meant that stocks and bonds both moved sideways to slightly ... read more
    Source: Mortgage News DailyPublished on 2018-07-06By Matthew Graham
    2 weeks ago
  • Headship Rates Indicate 2.4M Missing Millennial Households
    Posted To: MND NewsWireRecently the National Association of Home Builders (NAHB) released a study, based on census data, showing an increasing percentage of young adults, about a third of those in the Millennial generation, living with parents, other relatives, or with unrelated house- or roommates. A second part of that ... read more
    Source: Mortgage News DailyPublished on 2018-07-06By Jann Swanson
    2 weeks ago
  • State-level Investor Changes – Lending Law Tweaks; Economics Moving Rates
    Posted To: Pipeline PressEveryone needs some learnin’, and LOs and underwriters are very interested in income, education, and trends. The US Census Bureau tells us that since the mid-1900s, postsecondary enrollment has increased during recessionary periods when the state of the labor market declines. Like during the Great Recession as ... read more
    Source: Mortgage News DailyPublished on 2018-07-06By Rob Chrisman
    2 weeks ago
  • MBS Day Ahead: Jobs Report Versus Tariff Reaction
    Posted To: MBS CommentaryAs investors have sought a safe haven from trade-related risks, bonds have benefited more than they otherwise might have and stocks have been restrained. The trick is that a trade war isn't a thing that hits markets quickly and decisively, so there's more guesswork than normal. The ... read more
    Source: Mortgage News DailyPublished on 2018-07-06By Matthew Graham
    2 weeks ago