Mortgage Rates Highest in More Than a Month

Posted To: Mortgage Rate Watch

Mortgage rates are higher again today, with the average lender now back to levels not seen since May 16th, 2017. Unless you've been following every little day-to-day change in rates, the apparent drama over the past few days is laughable. In the worst cases, some borrowers are now seeing rate quotes that are an eighth of percentage point higher than those seen on Monday morning. This comes out to $14/month for every $200k financed, but it can be more than a thousand dollars in terms of upfront costs on the same loan amount. There are quite a few news stories out there today talking about the "lowest rates of the year." Don't be fooled. These stories are based on a press release from Freddie Mac's weekly rate survey. While the survey is very accurate over time, and highly regarded for decades...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/2sVQhk0

Mortgage Rates Highest in More Than a Month

Posted To: Mortgage Rate Watch

Mortgage rates are higher again today, with the average lender now back to levels not seen since May 16th, 2017. Unless you've been following every little day-to-day change in rates, the apparent drama over the past few days is laughable. In the worst cases, some borrowers are now seeing rate quotes that are an eighth of percentage point higher than those seen on Monday morning. This comes out to $14/month for every $200k financed, but it can be more than a thousand dollars in terms of upfront costs on the same loan amount. There are quite a few news stories out there today talking about the "lowest rates of the year." Don't be fooled. These stories are based on a press release from Freddie Mac's weekly rate survey. While the survey is very accurate over time, and highly regarded for decades...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/2sVQhk0

Preserving 30-Year Mortgages, TBA Market High on Finance Reform List

Posted To: MND NewsWire

The Senate Committee on Banking, Housing, and Urban Affairs held another hearing on housing finance reform on Thursday. In his opening statements, committee chairperson Mike Crapo (R-ID) said "A housing finance system dependent on two government sponsored enterprises in perpetual conservatorship is not the solution," but he added, "Recapitalizing the enterprises and releasing them back into the market without significant reforms is also not a solution." Crapo set forth several principals for reform that he said share bipartisan support. These include preserving the to-be-announced (TBA) market and an affordable, accessible 30-year fixed rate mortgage and ensuring that small lenders have equal access to the secondary market. Testifying at the hearing were: David H. Stevens, President and CEO...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/2tqFzCM

Preserving 30-Year Mortgages, TBA Market High on Finance Reform List

Posted To: MND NewsWire

The Senate Committee on Banking, Housing, and Urban Affairs held another hearing on housing finance reform on Thursday. In his opening statements, committee chairperson Mike Crapo (R-ID) said "A housing finance system dependent on two government sponsored enterprises in perpetual conservatorship is not the solution," but he added, "Recapitalizing the enterprises and releasing them back into the market without significant reforms is also not a solution." Crapo set forth several principals for reform that he said share bipartisan support. These include preserving the to-be-announced (TBA) market and an affordable, accessible 30-year fixed rate mortgage and ensuring that small lenders have equal access to the secondary market. Testifying at the hearing were: David H. Stevens, President and CEO...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/2tqFzCM

An Organic Modern Boho London Flat — House Tour

Name: Missy Logan, Antony Shaw, Prudence (6), Lili (Cavalier King Charles Spaniel, 2)
Location: Harrow, London
Size: Around 800 square feet
Years Lived In: 3 years, renting

You may remember this warm and funky garden flat submitted by Missy last year; it felt so cozy that I wanted to come and see it in person! Since then, Missy and her partner Antony have been busy upgrading the flat, putting in wooden flooring, new wallpaper, and painting walls.

READ MORE »

from Apartment Therapy | Saving the world, one room at a time http://ift.tt/2s6zDvh

The One Thing I Started That Immediately Made This Kitchen Cabinet Neater — Kitchn

(Image credit: Cambria Bold)

From Kitchn → The One Thing I Started Doing That Immediately Made This Kitchen Cabinet Neater

READ MORE »

from Apartment Therapy | Saving the world, one room at a time http://ift.tt/2tqQf4t

Before & After: A Blah Brown Kitchen and Family Room Get a Total Makeover — Professional Project

Project by: Stephanie Hatton of SH interiors
Location: Stevenson Ranch, California

Stephanie's client wanted the nexus of their home, the kitchen and family room, to flow nicely, have special touches for the children and still feel like an adult space. She created a stunning space that is kid friendly (and encourages toy clean up!) and is also sophisticated enough for date night.

READ MORE »

from Apartment Therapy | Saving the world, one room at a time http://ift.tt/2uoaQn8