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Posts Tagged ‘ higher ’

“Mortgage Rates Sideways to Slightly Higher”

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“Mortgage Rates Sideways to Slightly Higher”

From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways to Slightly Higher Mortgage rates were unchanged to slightly higher today, keeping them in line with their highest levels in more than 2 weeks, depending on the lender . Bond markets (which underlie mortgage rates) were in slightly better shape this...
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Kansas City Fed: Regional Manufacturing “Activity Edged Higher” in July

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Kansas City Fed: Regional Manufacturing “Activity Edged Higher” in July

From the Kansas City Fed: Growth in Tenth District Manufacturing Activity Edged Higher The Federal Reserve Bank of Kansas City released the July Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that growth in Tenth District manufacturing activity edged higher,...
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Lawler on Homebuilders: Rising mortgage rates, Higher home prices, Resulted in a material slowdown in net home orders last quarter

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Lawler on Homebuilders: Rising mortgage rates, Higher home prices, Resulted in a material slowdown in net home orders last quarter

Some comments from housing economist Tom Lawler: • PulteGroup, the nation’s second largest home builder, reported that net home orders in the quarter ended September 30, 2013 totaled 3,781, down 16.8% from the comparable quarter of 2012. The company’s community count at the end of last quarter was down 15% from a year ago....
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House approves higher FHA conforming loan limits

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House approves higher FHA conforming loan limits

The House of Representatives voted 292-121 to restore the elevated conforming limits for jumbo mortgages for the Federal Housing Administration Thursday. The Senate is expected to give a final vote in the coming days. Members of a joint committee compromised earlier this week to include language in a minibus spending bill that would raise...
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HUD extends higher conforming loan limit for reverse mortgages

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HUD extends higher conforming loan limit for reverse mortgages

The Federal Housing Administration conforming loan limit on forward mortgages is set to drop in October but not so for reverse mortgages. The Department of Housing and Urban Development will extend the 5,500 maximum loan amount for a reverse or Home Equity Conversion Mortgage through Dec. 31, 2011 according to a lender letter sent...
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