Brandon Knapp's Market Update 11/5/2010

Fed rate update and more


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Wide variation seen in mortgage servicers’ performance

Data suggest a wide variation in how well the firms handle such things as dealing with delinquent homeowners and negotiating loan modifications.

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From the Los Angeles Times

Mortgage Bankers push housing recovery to 2012

 Last week, the nation’s mortgage bankers released a report saying that they expect the housing market to continue limping along into next year.  Things could pick up, they say, in 2012.

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From the Wall Street Journal

Should you refinance if you’re over 50?

With interest rates near record lows, refinancing has never looked so tempting – especially for people nearing retirement, who’d love some extra cash to pad their diminished savings.  But for homeowners over 50, there’s more to consider than just a lower rate.


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From Smart Money

Refinance in under a year? Maybe

Low mortgage rates have some homeowners considering refinancing, even if it has been less than a year since they last refinanced or bought their home.


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From the Wall Street Journal

Homeownership stays at lowest level in a decade

The nation’s homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.


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From the San Francisco Chronicle

Three ways low mortgage rates can work for you

Just when it looked like mortgage rates couldn’t fall any further, they did.  So what’s in it for you? A lot, potentially.


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From CNN Money

California expects mortgage-aid program to begin in weeks

The California Housing Finance Agency (CalHFA) reported this week that its “Keep Your Home California” program will be delayed because of logistical issues with the program.  The program was scheduled to begin Monday, Nov. 1.


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From the Sacramento Bee