Mortgage Rates Wednesday, Feb. 15: Surge; Appraisal Values Lower Than Owners Think

 · At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. All day, Light vehicle sales for February. The consensus is for light vehicle sales to increase to 17.7 million saar in February, from 17.5 million in January (Seasonally Adjusted Annual Rate).

Closing was scheduled for next Wednesday. Then it all went to cr*p. The appraisal came in OVER $100K lower than the contract price. We contested the appraisal because the appraiser didn’t take into account the value of all the horse facilities – like the barn, arena and fencing. And were told by two different lenders that the appraisal was fine.

 · HOUSE PRICES are More Vulnerable Than Most Think Dear Fellow Housing Market Observers, This is my last note of the year and it deals with house prices into the next cycle. There are numerous similarities between the Bubble 1.0 era and the past several years. This essay reviews Bubble 1.0 and the present and draws

Home builders pay close attention to these issues, Bernanke said, but the problems in housing have important implications outside the construction industry. Foreclosures diminish the value of nearby ..

If you’re thinking about being devious, you may want to think twice. "The companies & loan. million that are upside-down to the point that the owners have a mortgage at least 50% greater than the.

“According to a report released Wednesday, rents in Madison are slightly lower than they were last year. Yearly rent data can also be affected by many high-end units listed at the same time, pulling up the average rental price, said Matt Wachter, housing initiatives specialist for the city of Madison.

What to look for in a home inspection: Recognizing the deal breakers If any significant problems show up on a home inspection, they are likely to become deal breakers, and you could lose the sale. One of the best pieces of advice any seller can receive is to prepare for the buyer’s home inspection. More sales fall through at the home inspection than at any other time during a real estate transaction.

New Government Refinance and Home Purchase Programs Now Available [Update – The Fed has been compressing mortgage interest rates on Fannie Mae, Freddie Mac, FHA, VA, and USDA mortgages for some time now.Due to those efforts and other market factors, interest rates most 15-30 year fixed government-backed mortgages remain quite low by historical standards.

Interview on CNBC: Discussing the Impact of Declining Mortgage Rates and Limited Supply on the Housing Market To the extent that valuations or market action improve in a manner that would, Previous post Interview on CNBC: Discussing the Impact of Declining Mortgage Rates and Limited Supply on the Housing Market.MBS RECAP: Straightforward, Rotten Day For Bonds  · MBS recap: treasuries relieved After auction; bonds benefit From European close German Bunds dropped to yet another new all-time low today, hitting 0.193 at one point. The Euro plummeted and stocks sold modestly.

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