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Bankrate.com: Mortgage Matters Blog Headlines

The scoop on rates
If you're a diligent Bankrate reader, you already know that long-term fixed rates dipped this week, after three straight weeks of small rate rises.
http://www.bankrate.com/brm/story_content.asp?story_uid=25398&prodtype=mtg

Can't afford mortgage? HOP on
The unemployment rate fell because a lot of people have part-time jobs, even though they would prefer to work full-time.
http://www.bankrate.com/brm/story_content.asp?story_uid=25342&prodtype=mtg

(Jury)Duty calls
The Fed's rate cut could push long-term mortgage rates higher if the Fed's action is deemed inflationary.
http://www.bankrate.com/brm/story_content.asp?story_uid=25341&prodtype=mtg

Fed meets this week
The Federal Reserve is expected to give consumers another break this week -- a quarter-point cut in short-term interest rates.
http://www.bankrate.com/brm/story_content.asp?story_uid=25274&prodtype=mtg

Fed meets this week
The Federal Reserve is expected to give consumers another break this week -- a quarter-point cut in short-term interest rates.
http://www.bankrate.com/brm/story_content.asp?story_uid=25328&prodtype=mtg

Mortgage News | Quicken Loans

Jumbo Mortgage Rates More Affordable; Closer to Conventional Mortgage Rates
The rates for the new jumbo-conforming mortgages created by Congress are being slashed and now envy the typical conventional mortgage rates usually reserved for loans under $417,000.
https://www.quickenloans.com/mortgage-news/jumbo-mortgage-rates-more-affordable-close-to-conventional-mortgage-rates-5352

Refinance Activity Increase in Latest Report
The Mortgage Bankers Association announced this morning that applications for mortgage loans, on a seasonally adjusted basis, increased 2.9 percent last week when compared to the week prior.
https://www.quickenloans.com/mortgage-news/refinance-activity-increase-in-latest-report-5353

Mortgage Rates, FHA Loans: Analysis from BankRate
The FHA loan cap has been raised, making FHA loans more attractive. This is just in time, as mortgage rates begin to rise for conventional home loan products, like 30-year fixed mortgages.
https://www.quickenloans.com/mortgage-news/mortgage-rates-fha-loans-analysis-from-bankrate-5348

For some brokers/smaller lenders, offering popular FHA loans not possible
CNNMoney.com is reporting that mortgage brokers are becoming increasingly frustrated as Americans are turning to the trusty, government-backed FHA loans.
https://www.quickenloans.com/mortgage-news/for-some-brokers-smaller-lenders-offering-popular-fha-loans-not-possible-5349

Finding a Home on the Web is Getting Easier
The New York Times ran an article yesterday about how finding a house for sale on the web is becoming easier. Home buyers can find real estate info on numerous websites, taking the control of housing data away from those that traditionally held it - real estate professionals.
https://www.quickenloans.com/mortgage-news/finding-a-home-on-the-web-is-getting-easier-5350

Getting the Best Possible Deal in Today's Real Estate Market
According to cnnmoney.com, here are 5 rules you should follow to get the best deal and value in today's real estate market.
https://www.quickenloans.com/mortgage-news/getting-the-best-possible-deal-in-todays-real-estate-market-5351

Easy Tips to Boost Your Home's Value and Appeal
Moving or not, regular maintenance and minor improvements from time to time is the key to keeping your home's value intact - especially in a down market.
https://www.quickenloans.com/mortgage-news/easy-tips-to-boost-your-homes-value-and-appeal-5347

Mortgage calculator: How much home can I afford?
A mortgage calculator should answer questions, not ask so many that you're left baffled. Find out how a good mortgage payment calculator can tell you exactly how much home you can afford, and help you estimate the costs that you might not be thinking about as you shop for your new home.
https://www.quickenloans.com/mortgage-news/mortgage-calculator-how-much-home-can-i-afford-5346

Interest Rate Drop Causes Mortgage Activity Surge
After a string of declining weeks, the Mortgage Bankers Association (MBA) announced today that week-over-week mortgage activity surged 15.6 percent for the week ending May 2.
https://www.quickenloans.com/mortgage-news/interest-rate-drop-causes-mortgage-activity-surge-5345

8 Smart Ways to Use Your Economic Stimulus Check
While it may be fun to go on a shopping spree, these ideas may help you set your home finances on a bit more solid foundation. Using economic stimulus money to shore up your budget makes some great long-term sense. Here are 8 smart ways to use your economic stimulus check for long-term budget improvement.
https://www.quickenloans.com/mortgage-news/8-smart-ways-to-use-your-economic-stimulus-check-5343

Daily Mortgage Update by Interest.com

1. Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up
http://mortgages.interest.com/content/trends/article.asp?ID=2006892350LJDOJELQIHBUITZGXGZBOIHENLXIUX

2. Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up

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