Not Out of the Woods Yet
The economy is not out of the woods yet. In order for the economy to stabilize further the housing market ...
Bill Starrels
Relief for FHA Customers is on the Way
In the Feb. 21st Georgetowner, the newspaper ran its mortgage with the headline, “It Is Time For Refinance Relief for ...
What’s Behind Today’s Underwriting Guidelines
By Bill Starrels |
Mar 7, 2012
One question frequently asked is why mortgage standards are so strict these days. The reason for the stringent underwriting standards ...
Let's Have Some Refinance Relief for FHA Mortgage Loan Holders
On April 18, 2011 the mortgage insurance premiums (MIP) were increased on all Federal Housing Administration mortgages. The old monthly ...
Where Is Common Sense Underwriting?
2011 was quite the year in the mortgage industry. Underwriting standards got even tougher even for the most qualified consumers ...
Mortgages at Record Low
By Bill Starrels |
Sep 7, 2011
It has been an interesting summer in the mortgage industry. The following are highlights of where things are in the ...
Summertime Mortgages
The summer of 2011 has been an interesting one in the world of mortgage lending.
Rates have continued to hover ...
Navigating A Mortgage In Today’s Market
Mortgage underwriting rules have gone from a bad extreme of four or so years ago to an equally bad extreme today.
Mortgage Interest Rates Respond To World Events
By Bill Starrels |
Apr 5, 2011
Bad news can be good news for the bond markets and ultimately for mortgage interest rates.
Mortgage Checkup
By Bill Starrels |
Mar 8, 2011
Interest rates continue to be in a narrow range, being pulled in different directions depending on the events of the ...
Mortgage Rules In 2011
extreme. There were too many abuses by the mortgage industry and some customers. There were too few restrictions on loan ...
Mortgage Rates Tick Up, But Remain Low
By Bill Starrels |
Dec 8, 2010
Mortgage rates have started to move higher as 2010 comes towards an end.
It has been stated in this column ...
Mortgage
A couple of years ago, if a homeowner was offered a jumbo-sized mortgage for a home in Washington for 4.375% they would beg for the loan to be locked. In fact, the customer would probably think the mortgage loan officer was misquoting his or her rate sheet. But that was 2009. Today clients sometimes let greed take over. A lot of borrowers are taking their time in making the decision to move forward in anticipation of even lower rates.
Mortgage
By Bill Starrels |
Nov 3, 2010
The fourth quarter of 2010 is proving to be a most interesting time in mortgages. Rates are fluctuating at near record lows. House prices are trying to stabilize. Underwriting is as stringent as ever.
Rates Are At Record Lows
In a July 22 release by Freddie Mac’s Primary Mortgage Survey, the 30-year and 15-year fixed-rate mortgages reached record lows.
