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Bill Ladewig's Blog

By Bill Ladewig | Mortgage Broker
or Lender in San Diego County, CA

Fed Survey Finds Low Participation in HARP Program


May 1, 2012, 7:00 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 0.12 point 


30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK 

Rates are presently excellent and the best advice is to lock whenever possible



National Average Fixed Rate Mortgage 3.88%
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Fed Survey Finds Low Participation in HARP Program
A Federal Reserve Board survey of senior loan officers at 53 banks found that only 16 banks, mostly large banks, are actively soliciting HARP 2.0 applications Read More National Mortgage News


Housing Bottom Sighted by Some Economists
Mark Davis, chief economist at Moody's Analytics, believes that the worst may be over for the troubled housing market in the United States. He is not alone in this sentiment: a senior economist at Bank of America also thinks that home prices will finally stop the vertiginous path of descent they have been on over the last few years, and the Chief Economist at Zillow believes the trough is near.>> Read More Niche Report 


The Pending Home Sales Index rose sharply in March to 101.4 from February's revised 97.4, the National Association of Realtors said Thursday. Economists had expected the Index to increase 1.0 percent from February. The index is now at the highest level since April 2010 when it reached 111.3. The index improved for the third straight month and fifth time in the last six month. The March reading is up 12.8 percent from March 2011, the strongest year-over-year gain since last July. The PHSI has been drifting upward, albeit modestly for most of the past two years. » Read More MReport 


Jobless claims decline slightly: By Kerry Curry* April 26, 2012
Jobless claims declined slightly, by 1,000 during the week ending April 21, according to the Bureau of Labor Statistics. The slight change may suggest a cooling off of the economy recovery. >>Read More Housing Wire


S&P, FHFA Home Price Indices Show Mixed Results
Two major home price indices released this morning indicate that, while home prices are improving the changes are slow and relative . The Federal Housing Finance Agency's (FHFA) Home Price Index rose 0.3 percent on a seasonally adjusted basis from January to February while S&P/Case Shiller 10-City and 20-City Composite indices showed annual losses of 3.6 percent and 3.5 percent respectively, an improvement over losses posted in January of 4.1 and 3.9 percent. >> Read More Mortgage Daily News


Short Sales Gaining on REO Sales as "Change is Afoot"
"A change is afoot when it comes to short sales," RealtyTrac said on Thursday, releasing new data which indicate, based on January's numbers, that pre-foreclosure sales (most of which are so-called short sales) in the first quarter were the highest since the first quarter of 2009. Read More Mortgage Daily News


Debt Crises Inspire 6.9% Pick-Up in Loan Volume: By: Ryan Schuette 
Debt crises in Europe spurred a wave of refinance applications last week, leading mortgage loan applications to tick up by 6.9 percent, according to the Mortgage Bankers Association (MBA) Read More MReport


Zillow Adds Real Estate Agent Hub to Online Offerings
Rolling out a new online platform for real estate agents, Zillow, Inc., recently announced the launch of Agent Hub. Zillow's tool will give users a place to find and manage information from the website in one location.  »Read More MReport


Romney's Mortgage-Tax Reduction Plan Is a Drop in the Bucket By Deborah Solomon
Mitt Romney, the presumptive Republican presidential nominee, was overheard this weekend saying he'd tinker with the ever-popular mortgage-interest tax deduction to help achieve his goal of cutting individual tax rates across the board by 20 percent.
>> Read More Bloomburg


How you do write an offer so it will NOT be immediately Rejected
Great tips for home buyers and buyer's agents by Steve Mun a successful San Jose Listing agent. It is also helpful to read the blog comments >>Read More ActiveRain


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