New regulations on home closing.

New Home Loan Closing Regulation Set to Cause Delays Starting October 1, 2015

The Consumer Financial Protection Bureau approved a new TRID-TILA-RESPA Integrated Disclosure Rule to go into effect October 1, 2015. The new rule replaces the current Good Faith Estimate and Truth in Lending forms with a loan estimate which must be provided within 3 days after a loan application, and a final loan closing cost disclosure […]


Mortgage Rates Slightly Lower; Volatility Ahead

  Mortgage rates fell modestly to begin the week following several weaker-than-expected economic reports.  Economic data affects rates by motivating investors to seek out or avoid risk.  In general, stronger data increases risk tolerance, and weaker data increases the demand for safer investments such as Treasuries and Mortgage-Backed-Securities (MBS), which dictate mortgage rates.  Higher demand […]

Mortgage Rates Slightly Higher Volatility Ahead

Mortgage Rates Slightly Higher to End Solid Week

Mortgage rates were slightly higher today, but remained much closer to the best levels of the week seen yesterday.  In general, this week has served as a correction to last Friday’s excessive losses.  In that regard, it has been almost totally successful considering today’s rates are right in line with last Thursday’s.  Most lenders continue […]

FHA lowers PMI

FHA Lowers Monthly Mortgage Insurance Premiums

Effective January 26, 2015, monthly premiums for mortgage insurance will be reduce by 50 basis points. This will save the typical FHA borrower approximately $80 per month. Premiums on larger mortgage loans can save homeowners more than a $100 each month. Lowered mortgage insurance premiums are available for home refinances, too. If you took out […]


MBS RECAP: Little-Changed vs Yesterday’s Close; Thoughts Turn to FOMC

Bond market trading drove home the point that the current week was over today and that it had been over ever since the post-Retail Sales rally failed to thrive for more than about 10 minutes yesterday. Since then, yields have been rising in that inconsequential, technical sort of way that seems to indicate…