Posts tagged as:

st pete mortgage rates

Mortgage Approvals Are Getting More And More Scarce

February 10, 2010

The economy’s improving but lending standards in Tampa are not. Nationally, banks are making mortgage approvals harder to come by.
Underwriting guidelines are tightening.
The data comes from the Federal Reserve’s quarterly survey to its member banks.  The Fed asks senior bank loan officers around the country to report on “prime” residential mortgage guidelines over the most [...]

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What’s Ahead For Mortgage Rates This Week : February 8, 2010

February 9, 2010

Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates improved for the 4th consecutive week.
Mortgage rates are now at a 6-week low but probably shouldn’t be.  It underscores just how important global events [...]

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7 Ways To Protect Your Credit Score For Better Mortgage Rates

February 6, 2010

As mortgage lenders tighten approval standards nationwide, the importance of a good credit score is rising.  Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate.
In the 3-minute piece, the NBC Today Show talks about 7 ways [...]

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The January 2010 Jobs Report May Lead Mortgage Rates And Home Prices Higher

February 5, 2010

On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls data from the month prior. The data is more commonly known as “the jobs report” and it swings a big stick on Wall Street.
Especially now — many analysts believe job growth is tightly linked to the future of the U.S. economy.
Therefore, [...]

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What’s Ahead For Mortgage Rates This Week : February 1, 2010

February 2, 2010

In a news-heavy week, mortgage markets improved last week, adding to a 3-week rally.
But, given last week’s data and domestic story lines, it’s surprising that rates actually fell.

The Federal Reserve said the economy continues to strengthen
Consumer Confidence pushed to a 2-year high
4th Quarter domestic output exceeded Wall Street’s expectations

Usually, events like these draw money away [...]

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