BluefoxToday blog : March 2012

US Housing Starts Drop 1.1% In February, But Building Permits Rise

MORTGAGE LOCK ADVISORY 

March 21, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

     

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT 

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.18 point. 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.875%   
MBS (3.5%) - 101.97, High: 102.03, Low: 101.84   
DJI Stocks currently $13,180.18,  Up $9.99, Change 0.076%   
Asian & European Stock Market Indexes Down -0.337%   
Nymex Crude Oil Currently $106.39 Up $0.32   
Gold 1 Once - 1649.2 

                
MORTGAGE NEWS BRIEFS

 

US Housing Starts Drop 1.1% In February, But Building Permits Rise
 
(RTTNews) - New residential construction in the US showed an unexpected decrease in the month of February, according to a report released by the Commerce Department on Tuesday, although housing starts came in nearly in line with estimates due to an >> Read More in RTT News

 

Mortgage Rates Rise To Highest Levels Of The Year
 
With the new week comes new pain for Mortgages Rates, which rose to their highest levels of the year today.  Lenders have been adjusting their rate sheets all day and by varying degrees, so there's greater than normal degree of variation between them.>>Read More Mortgage Daily News

  

One BofA Manager Signs 67,908 Documents in 2 Year Period
A Bank of America manager said she read the first paragraph of a document, and then located the place she needed to sign.  She spent 1-1/2 to 2 hours per day on signing documents and two to three minutes on each. >>Read More Mortgage News Daily

 

FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video 

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

Comment balloon 4 commentsBill Ladewig • March 21 2012 06:49AM
US Housing Starts Drop 1. 1% In February, But Building Permits Rise
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MORTGAGE LOCK ADVISORY March 21, 2012, 6:30 AM PST Click for Lock Advice Updated Several Times Daily Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT Mortgage Points based on 3. 5%… more
Flipping Properties… Know The Lending Guidelines
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With property values being as low as they are, many investors are taking advantage of this opportunity. Investors will usually purchase a distressed property, foreclosure, short sale, or a property that just needs a little TLC. This is referred… more
HOLY LOW AVAILABLE INVENTORY BATMAN: Las Vegas NV Area Market Watch…
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**The Freefall Inventory Plunge Continues in Las Vegas!!! ** We are still squeezed for inventory. New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight. Multiple offers on well priced… more
What The New FHA Changes Mean In Dollars & Cents
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On Tuesday and Wednesday of this week I wrote blogs on the up coming FHA changes "FHA Streamline Refinance Change" and "FHA Streamling Refinance Charts" I really should have titled the second blog "FHA Streamline &… more
Economic Conditions for the Las Vegas Valley March 2012 (includes…
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Foreclosure/Short Sale Listings (2/15/2012): Total Listings 9180; Short Sales: 4156, 45% of all listings; Bank Owned Listings : 1703, 19% of all listings. Short sale and REO listings consume 64% of total listings &… more