Mish’s Global Economic Trend Analysis


Mish’s Global Economic Trend Analysis.

Mish's Global Economic Trend Analysis

10-Year Treasury Yield Up 100 Basis Points Since May; What’s That Mean for Mortgage Rates and Housing Affordability? – Mike Shedlock – … The FNMA 3.5 coupon was trading at 106 22/32 on May 2nd, and this morning it was trading at 99 9/32.Ginnie Mae is worse. The GNMA 3.5 coupon was trading at 109 1/32 on May 2nd, and this morning it was trading at 99 24/32. … In terms of interest rates, I locked an FHA purchase on May 2nd and the rate was 3.25%, and that rate carried a 2 point lender credit to help pay for closing costs. In order to get the same deal today, (a 2 point lender credit) the rate would have to be 5% today. This as an apples to apples comparison illustrates that FHA rates have increased 1.75% in 7 weeks. 

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*

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12 thoughts on “Mish’s Global Economic Trend Analysis

  1. In terms of interest rates, I locked an FHA purchase on May 2nd and the rate was 3.25%, and that rate carried a 2 point lender credit to help pay for closing costs. In order to get the same deal today, (a 2 point lender credit) the rate would have to be 5% today. This as an apples to apples comparison illustrates that FHA rates have increased 1.75% in 7 weeks.

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  4. Homeownership: Kentucky
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    What is a Kentucky Mortgage Rate Lock?
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  5. Kentucky First Time Home Buyer Mortgage Loan FHA, VA, KHC, USDA, Rural Housing, Fannie Mae Ky Zero Down Home Loans
    Mish’s Global Economic Trend Analysis
    with 4 comments

    1 Vote

    Mish’s Global Economic Trend Analysis.

    10-Year Treasury Yield Up 100 Basis Points Since May; What’s That Mean for Mortgage Rates and Housing Affordability? – Mike Shedlock – … The FNMA 3.5 coupon was trading at 106 22/32 on May 2nd, and this morning it was trading at 99 9/32.Ginnie Mae is worse. The GNMA 3.5 coupon was trading at 109 1/32 on May 2nd, and this morning it was trading at 99 24/32. … In terms of interest rates, I locked an FHA purchase on May 2nd and the rate was 3.25%, and that rate carried a 2 point lender credit to help pay for closing costs. In order to get the same deal today, (a 2 point lender credit) the rate would have to be 5% today. This as an apples to apples comparison illustrates that FHA rates have increased 1.75% in 7 weeks.

    Joel Lobb (NMLS#57916)
    Senior Loan Officer
    502-905-3708 cell
    502-813-2795 fax
    jlobb@keyfinllc.com
    Key Financial Mortgage Co. (NMLS #1800)*
    107 South Hurstbourne Parkway*
    Louisville, KY 40222*

    http://mylouisvillekentuckymortgage.com
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    Written by Louisville Kentucky Mortgage Edit
    June 26, 2013 at 1:08 pm
    Posted in Uncategorized
    Tagged with Credit Reports, Credit score, Fannie Mae, Federal Housing Administration, FHA, FHA loan, Government National Mortgage Association, Insurance, Interest rate, Joel Lobb, Kentucky, Kentucky Housing Corporation, Loan, Loan officer, Louisville Kentucky, May 2nd, Mortgage loan, VA loan, Zero down home loans
    « Looks like it is getting more costly to purchase a home with FHA financing!
    4 Responses

    Subscribe to comments with RSS.
    In terms of interest rates, I locked an FHA purchase on May 2nd and the rate was 3.25%, and that rate carried a 2 point lender credit to help pay for closing costs. In order to get the same deal today, (a 2 point lender credit) the rate would have to be 5% today. This as an apples to apples comparison illustrates that FHA rates have increased 1.75% in 7 weeks.

    Louisville Kentucky Mortgage
    June 26, 2013 at 1:09 pm Edit
    Reply
    KHC RATES (6)
    Ky (1)
    Lending limits for FHA loans insured for KENTUCKY counties. (1)
    Loan Process (2)
    lock-in rate (2)
    locking rate (2)
    Louisville First Time Buyer Mortgages (4)
    Louisville First Time Buyers (3)
    Louisville home sales stats (2)
    Louisville Kentucky (10)
    Louisville Kentucky FHA Loans Lexington Kentucky FHA Loans (2)
    Louisville Kentucky FHA Loans Lexington Kentucky FHA LoansElizabethtown Kentucky FHA Loans (2)
    Louisville Kentucky First Time Home Buyer (1)
    Louisville Ky First Time Home Buyer Loan (3)
    Louisville Ky First Time Home Buyers (1)
    Making Home Affordable Refinance (3)
    Mortgage Industry Links (1)
    Mortgage Insurance (2)

    Louisville Kentucky Mortgage
    June 26, 2013 at 1:18 pm Edit
    Reply
    $100 Down FHA Mortgage (3)
    100% Financing (1)
    2013 Updated Mortgage Guidelines (2)
    203k FHA (2)
    3 Things The Lender Looks At When You Apply For A KentuckyUSDA Rural Development Home Loan (9)
    4 things needed for Mortgage Approval (4)
    affordable housing (1)
    Application Document Checklist for Approval (3)
    Application for Mortgage Pre Approval (2)
    BAH RATES (1)
    Bankruptcy (5)
    Bullitt County Kentucky Mortgage Loans (1)
    Classes First Time Home Buyer (1)
    Common Questions from Kentucky First-time Homebuyers (3)

    Louisville Kentucky Mortgage
    June 26, 2013 at 1:18 pm Edit
    Reply
    Homeownership: Kentucky
    Kentucky FHA Loan Louisville Kentucky Mortgage Guidelines
    Kentucky Housing Corporation (KHC)
    Kentucky Housing Corporation (KHC)
    Kentucky Mortgage Calculators
    Kentucky Real Estate Appraisers List
    Kentucky USDA Loans | Rural Housing Loans Kentucky
    Kentucky VA Mortgage Frequently Asked Questions
    Louisville Ky Down Payment Assistance Mortgage Program
    Tips to ensure your mortgage closes smoothly
    What is a Kentucky Mortgage Rate Lock?
    What NOT To Do After You Apply for a Mortgage Loan Approval

    Joel Lobb (@kentuckyloan)
    June 26, 2013 at 1:19 pm Edit
    Reply

    Leave a Reply

    I specialize in Kentucky FHA/VA ,USDA, KHC, Conventional mortgage loans (Fannie Mae)in Ky. I am based out of Louisville Kentucky. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; For the first time buyer with little money, Kentucky Housing/KHC offers(zero-down)loans with downpayment assistance. Free credit report and Free pre-approvals within 1 hour..Call me today at 502-905-3708 or email me at kentuckyloan@gmail.com NMLS#57916
    This website is not an government agency, and does
    not officially represent the HUD, VA, USDA or FHA or any other government agency.
    Customer Testimonials
    Customer Testimonials
    “Joel is one of the best Mortgage Brokers I have ever worked with in my sixteen years in the real estate and mortgage business.” May 25, 2010
    Tim Beck
    “Joel has always worked very hard to keep his word and to work out seasonable solutions to difficult problems. He is truly an expert in FHA and other type loans.” September 1, 2010
    Nancy Nalley
    “I have wokred with Joel since 1998. He is a great loan professional.” August 23, 2010
    Jon ClarK
    “Joel Lobb is a real professional in the lending industry, with many years of experience, he is the one to go to for any mortgage lending needs.” August 22, 2010
    RICHARD VOLZ , Residential Sales , Remax Foursquare Realty
    “When looking to purchase our new home in 2006, I had the pleasure of meeting Joel Lobb. Not only was he personable and easy to reach, he was extremely knowledgable in his field and made sure to find us the best rate and a top notch mortgage company. We were able to complete the process in less than 3 weeks with his expertise. I find Joel to have the utmost high integrity and I recommend him to anyone who say’s they are need of mortgage assistance. He is also fantastic and keeping everyone up to date on the latest in the housing industry through his twitter posts. He provided great results for our family and we still communicate to this day!” August 21, 2010
    Stacie Drake
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