Tag Archives: Rate

CMBS Delinquency Rate At Lowest Level In Nearly A Year

Posted on by

CMBS Delinquency Rate At Lowest Level In Nearly A Year
Among the five major property types, multifamily loans led the pack with a 55 bps improvement in the delinquency rate between December and January. The rate on office loans also improved, while the rates on all other major property types were modestly …
Read more on Mortgageorb

MLV Capital Starts Stock Coverage on First Union Real Est (FUR)
… senior and mezzanine loans and debt securities secured directly or indirectly by commercial and multi-family real property, which it refers to as loan assets, and the ownership of equity and debt securities in other REITs, which it refers to as …
Read more on Daily Political

Housing market ripe for growth in city
Carroll is the only recent developer in recent years attempting to bridge the tight multifamily rental market by constructing apartments, Haynes said. (Page 2 of 2). Last year about one-third of the housing projects built inside and near Fantastic Falls …
Read more on Fantastic Falls Tribune

BANKFINANCIAL CORPORATION : Announces Additional Asset Resolution …
As previously told, the non-performing loans and assets in the closed bulk sales involved multifamily and commercial real estate assets. The remaining element of the bulk sale plot involved the designation of certain owner-occupied and investor …
Read more on 4-traders (press release)

Mortgage Rates – What Determines Your Mortgage Rate?

Posted on by

Mortgage Rates – What Determines Your Mortgage Rate?

Many people are confused as to what exactly determines the mortgage rate or rate of interest they get when securing a new home loan or refinance loan. There is no fantastic mystery, the rate of interest gets determined by a predetermined list of factors. The level of importance that each individual lender places on each factor varies, therefore doing your due diligence and finding a lender that offers you the best rate for your circumstances is key to securing the lowest mortgage rates possible.

It is also wise to make sure you take some time to clean up your portfolio and make yourself as attractive as possible as a borrower. The lenders will look at the following factors to determine what your rate will be.

1) Amount of your down payment. This will affect your rate in two ways. First, the higher the percentage your down payment amount is of the total loan amount, the lower your interest rate will be. Second, the less your loan amount, the less interest you will pay.

2) Consideration of closing costs.

3) Your income. The more you make, and CAN PROVE you make, the less risk you are as a borrower, and the less your mortgage rate will be.

4) How long your mortgage is for. The more years, the more interest.

5) The amount you’re borrowing. Again, the more you borrow, the higher your rate will be.

6) Is the loan a fixed rate or is it adjustable? Of course, an adjustable rate mortgage will start you off with a lower rate but can balloon once the term of the loan is over. Be careful.

7) Credit score. The higher your credit score, the lower the rate.

Lenders like to see credit ratings of 720 or more these days.

8) Debt to income. Pay off your credit cards, pay down car loans or pay them off if you can. The better your ratio of debt to income, the lower your rate of interest will be.

Do not commit to any loan without knowing for sure that it contains the best rates and other terms for you. The lenders are out to get the best deal for them. Visit the Online Home Loan Directory for information on how to get the best deal for you. It’s a free online resource looking out for borrowers.

Mortgage Rate Trends Predicting Low Mortgage Rates?

Posted on by

Mortgage Rate Trends Predicting Low Mortgage Rates?

Many analysts believe that the recent downward mortgage rate trend has been broken. When you look at a long term chart of rates, it is very obvious to see that they have been going down for over two decades. It is hard to compare the early 1980s to any time in recent history as there was hyperinflation in the United States and home loan rates were above 16%. This is highly unlikely to ever happen again, but if the Federal Reserve continues to spend money, we very well may try to test that level.

Mortgage news has continue to deliver the current tale of the 10 year treasury rate correlating to the 30 year fixed rate mortgage. If you look at a long term chart, since 1971, you will see that there is a strong relationship between the two. There are very few times in this small history that the two sets of numbers separated in a large way. With this being known, one would reckon that they would go in tandem either up or down.

Since the beginning of 2009, the 10 year has been in a strong uptrend which has not been the case for overall rates. The mortgage rates trend continued down.

At the end of May and the beginning of June that all changed as mortgage rates jumped enormously to coincide with the 10 year treasury rate. Over the last week we have seen the 10 year treasury rate pull back quite a bit, so one would reckon that rates would do the same. This would mean that the overall downward trend in mortgage rates remains intact. Only time will tell.

Subprime Blogger offers information on mortgage rate trends and how they affect the economy and ultimately your life. The 10 year treasury rate is something every home owner should keep up to predict future mortgage rates.