tag:blogger.com,1999:blog-85840832845699217422024-09-10T05:26:36.205-07:00Mann Mortgage Oregon UpdateNews and updates on interest rates and topics for home mortgages.Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.comBlogger105125tag:blogger.com,1999:blog-8584083284569921742.post-75004555494892430342013-11-22T16:34:00.001-08:002013-11-22T16:34:14.769-08:00"Did you miss the opportunity to buy or refinance your house when rates were at there all-time low last year?
Don't despair! Ben Bernanke, the Federal Reserve Chairman, has pledged to keep rates at or near last year's lows.
The lower rates won't last forever. It may be time to make the move you've been waiting to do."
What do you think?Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-33060549393773108332013-09-20T16:26:00.000-07:002013-09-20T16:26:41.418-07:00What's In Your Mortgage Payment?A lot of people are unsure about what a mortgage payment actually entails. This article posted by Zillow will give you a better understanding and help with calculating a home loan amount that is affordable for your budget. If you have any other questions, please contact our office via phone or email.
Article:
If you have never owned a home and had a mortgage, it can be a little confusing Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-24768086884068289452013-09-09T11:38:00.000-07:002013-09-09T11:38:05.943-07:00NAHB Reports That a Record High of 291 Housing Markets were Listed as Improving in SeptemberCheck out this link to the article...http://www.nahb.org/news_details.aspx?sectionID=148&newsID=16447
Among the 291 referenced in the article, 6 of the cities were within Oregon. Salem, OR, Portland, OR, Medford, OR, Eugene, OR, Corvallis, OR, and Bend, OR were all mentioned as improving in the housing market.
The good news of increasing home values and higher employmentMann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-46893628733500503242013-09-04T10:26:00.000-07:002013-09-04T10:26:39.050-07:00Do You Know What Your Credit Report Says?A 2013 Federal Trade Commission study on credit report accuracy found that 1 in 5 consumers had an error on at least one of their 3 credit reports. A smaller portion of the total were serious errors that could have resulted in higher costs for loans and insurance.
http://ftc.gov/opa/2013/02/creditreport.shtmMann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-41397799075595258862012-08-21T09:07:00.000-07:002012-08-21T09:07:35.177-07:00Rural Guaranteed Housing LoanAre you thinking about buying a home with no down payment? The Rural Guaranteed Housing Loan may be for you!
The USDA has specific guidelines as to income limits, location and property type that can qualify for the Rural Guaranteed Housing Loan.
Don't miss an opportunity to buy a home in this excellent housing and interest rate market.
Please contact David Wood or Ann Shipley at Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-33420615517268034842012-03-12T11:35:00.005-07:002012-03-12T11:55:40.411-07:00FHA Mortgage Insurance Rates to ChangeEffective April 1st, FHA will increase the Upfront Mortgage Insurance Premium from 1.00% to 1.75%. The Annual Mortgage Insurance Premium will change from 1.15% to 1.25% for loans greater than 95% of the sales price. For loans 95% or less of the sales price, the change will be from 1.10% to 1.20%.The change was made by HUD (Housing and Urban Development) to increase the funds needed by HUD to Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-81063866005054221972012-01-03T13:23:00.000-08:002012-01-03T13:45:42.034-08:00Higher Credit Scores is the Norm Even at FHAFigures compiled by the Department of Housing and Urban Development show that the average credit score on an FHA-backed single-family loan is now at 700.Just 3.3% of FHA-insured loans originated in the third quarter went to borrowers with 580-619 credit scores. Back in 2009, nearly 20% of FHA borrowers had credit scores in the 580-619 range.Lenders have many reasons for tightening their Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-62579375070125528332011-12-30T10:22:00.000-08:002011-12-30T11:00:26.247-08:002011 Mortgage Interest Rates Ending Year Near Historic LowsThe average fixed interest rates for Conventional loans are ending the year near their all-time historic lows.The average rate for a Conventional, 30-year fixed interest rate is 4.00%. In 2010, the year ended with an average rate of 4.875%.Our interest rates as of today:Conventional, 30-yr Fixed: 4.00%/APR 4.264%FHA or Federal VA, 30-yr Fixed: 4.125%/APR 4.698%USDA (Rural Housing), 30-yr Fixed: Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-49824733461562454202011-12-30T10:11:00.000-08:002011-12-30T10:21:49.738-08:00Extension of the Mortgage Insurance Tax Deduction UncertainNumerous tax provisions, including the mortgage insurance tax deduction, will expire January 1st because Congress did not pass its annual tax extension bill before the lawmakers left town December 23rd.The mortgage insurance tax deduction went into effect with new mortgage loans closed January 1 through December 31, 2006. Every year since then, Congress has passed the law extending the tax Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-31995043459831736022011-12-29T10:44:00.000-08:002011-12-29T10:59:34.386-08:00FHA Waives Flipping Rule Until End of 2012The Federal Housing Administration (FHA) has suspended its anti-flipping rule for another year to facilitate the financing and sale of newly renovated foreclosed properties.This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment and blight.The Department of Housing and Urban Development issued the Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-82488048397468076922011-12-21T13:52:00.000-08:002011-12-21T13:57:46.489-08:00Interest Rates as of 12/21/2011Conventional, 30-yr Fixed: 4.25%/APR 4.573%FHA/Federal VA, 30-yr Fixed: 4.00%/APR 5.452%USDA, 30-yr Fixed: 4.00%/APR 4.768%Interest Rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borrowers are subject to credit and property qualifications, and therefore, your interest rate may differ.Please cotact us at 503-385-1791 or visit us atMann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-80831173755550878042011-12-16T13:50:00.000-08:002011-12-16T14:02:14.187-08:00Homebuyers Should Act Now, Mortgage Costs Will RiseIn 2008 Fannie Mae and Freddie Mac were placed under government control. The US Department of the Treasury in its report "Reforming America's Housing Finance Market" advocates increasing the market share of private mortgage lending companies and reducing the role of Fannie and Freddie - with the ultimate aim of winding both institutions down.This will make it tougher for people to buy and financeMann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-39359670286530168432011-12-13T11:10:00.000-08:002011-12-13T11:14:48.338-08:00Interest Rates as of 12-13-2011Conventional, 30-yr, Fixed Rate: 4.125%/APR 4.409%FHA/Federal VA, 30-yr, Fixed Rate: 4.00%/APR 5.512%USDA, 30-yr, Fixed Rate: 4.125%/APR 4.681%Interest rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borowers are subject to credit and property qualifications, and therefore, your interest rate may differ.Please contact us at Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-5192579476205279702011-12-13T10:57:00.000-08:002011-12-13T11:07:43.483-08:00Zero-Down Mortgages Are Not Extinct!One of the most misunderstood conceptions about home loans is that homebuyers will need at least a 20% down payment to qualify for a mortgage.The truth is home loans are still available with no money down. The USDA loan is a 100% mortgage designed to make it easier for people to buy homes in rural areas. The first step is to see if the property you want to buy and you, as a buyer, are eligible Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-36605307126248733572011-12-05T13:27:00.000-08:002011-12-05T13:41:24.766-08:00Interest Rates as of 12/05/11Conventional, 30-year, Fixed: 4.375%/APR 4.538%FHA or Federal VA, 30-year, Fixed: 4.25%/APR 5.769%USDA, 30-year, Fixed: 4.25%/APR 4.809%Interest rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borrowers are subject to credit and property qualifications, and therefore, your interest rate may differ.Please contact us at 503-385-1791 Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-16650302147718863832011-12-05T13:09:00.000-08:002011-12-05T13:15:00.293-08:00Mortgage Interest Rates Remain StableMortgage rates inched up last week as investors seemed to regain some confidence in the global economy and flocked to the stock market. Normally, mortgage rates tend to rise when the stock market rebounds.Typically, December is a good month for stocks, so rates may bump up very slightly for the month. Despite the slight increase, rates remain near record lows. And those who have not locked a low Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-64303732855595673632011-11-28T13:59:00.000-08:002011-11-28T14:05:34.301-08:00Interest Rates as of 11/28/2011Conventional, 30-yr Fixed: 4.375%/APR 5.903%FHA or Federal VA, 30-yr Fixed: 4.25%/APR 4.509%USDA, 30-yr Fixed: 4.25%/APR 4.809%Interest rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borrowers are subject to credit and property qualifications, and therefore, your interest rate may differ.Please contact us at 503-385-1791 or visit Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-84317590428355865592011-11-28T13:43:00.000-08:002011-11-28T13:58:53.607-08:00HomePath Loans to Buy ForeclosuresIs buying a foreclosed home a good deal? It can be, but you should be aware that the seller will not make any buyer-requested or lender-required repairs. That is most definitely a problem if you want to get a loan.Fannie Mae has the HomePath Renovation mortgage for just this purpose. The house must be owned by Fannie Mae. Fannie Mae does not lend directly to buyers. They set the guidelines that Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-2914255881948921002011-11-18T13:18:00.000-08:002011-11-18T13:24:33.328-08:00Interest Rates as of 11/18/2011FHA or Federal VA, 30-yr. Fixed: 4.25%/APR 5.34%USDA, 30-yr. Fixed: 4.25%/APR 4.712%Conventional, 30-yr Fixed: 4.375%/APR 5.96%Interest rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borrowers are subject to credit and property qualifications, and therefore, your interest rate may differ.Please contact us at 503-385-1791 or visit Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-261958294090214302011-11-18T10:52:00.000-08:002011-11-18T11:06:58.635-08:00Housing and Mortgage Prediction for 2012The median expectation among more than 100 economists and real estate pros, surveyed by MacroMarkets, is that home values will inch ahead by 0.25%, compared to their 2011 median forecast decline of 2.8%. They also foresee annualized gains through 2015 of just 1.1%.Low interest rates for mortgage are expected to remain cheap. Jay Brinkman, chief economist at the Mortgage Bankers Association, says Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-62944799368296722232011-10-27T09:05:00.000-07:002011-10-27T09:49:42.591-07:00Mortgage Interest Rate Trend for The Week of 10/27/11 - 11/02/11Uncertainty remains in the markets, which should keep mortgage interest rates relatively unchanged from last week. Consumer confidence remains low, and with high unemployment, the economy remains sluggish. Will the newly revamped Home Affordable Refinance Program (HARP) help homeowners and the housing market? Borrowers looking to refinance should make sure to get their applications in before the Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-11908704698892206772011-10-25T10:32:00.000-07:002011-10-25T12:56:49.530-07:00Obama Tries to Ease Housing WoesWashington/The Associated Press (excerpts from article) - ...President Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages. The White House said changes to the two-year-old Home Affordable Refinance Program will help homeowners with little or no equity in their Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-82102352860180967322011-08-12T15:41:00.000-07:002011-08-12T15:44:54.345-07:00Interest Rates as of 08/12/2011Conventional, 30-yr Fixed Rate: 4.375%/APR 4.58%
FHA or Federal VA, 30-yr Fixed Rate: 4.375%/APR 5.406%
USDA, 30-yr Fixed Rate: 4.375%/APR 5.563%
Interest rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borrowers are subject to credit and property qualifications, and therefore, your interest rate may differ.
Please contact your Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-17631526945218975852011-08-12T15:24:00.000-07:002011-08-12T15:39:42.719-07:00FHA Lower Mortgage Loans Effective October 1, 2011FHA sets the maximum loan amount allowed to be able to obtain FHA financing. These loan limits vary by counties. For example, the current maximum loan limit in Polk and Marion Counties is $295,000.
Effective 10-01-11, the maximum loan limits will change and the expectation is that they will decrease. How does this effect you as a home buyer?
FHA loans require a small down payment of 3.5% of theMann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0tag:blogger.com,1999:blog-8584083284569921742.post-89152379852759427812011-07-25T13:16:00.000-07:002011-07-25T13:21:09.741-07:00Interest Rates as of 07-25-11Conventional, 30-yr Fixed: 4.625%/APR 4.788%FHA and Federal VA, 30-yr Fixed: 4.75%/APR 5.981%USDA, 30-yr Fixed: 4.75%/APR 5.299%Interest rates quoted are for informational purposes only. Interest rates and loan programs can change without notice. All borrowers are subject to credit and property qualifications, and therefore, you interest rate may differ. Please contact a Loan Officer at Mann Mortgagehttp://www.blogger.com/profile/17367377432518131692noreply@blogger.com0