• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Freddie Mac: 27% of Borrowers Refinanced into Shorter Term

Freddie Mac borrowers who refinanced in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM) and 27 percent of them chose to shorten their loan term.  Freddie Mac‘s Quarterly Product Transition Report released Tuesday said 69 percent of borrowers kept the same term as the loan that they had paid off; 4 percent chose to lengthen their loan term, primarily those with 20 year terms, 22 percent

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Mortgage Bankers Profits Increase to Nearly $2,500 Per Loan in Q3

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third quarter of 2012, up from $2,152 per loan in the second quarter, as reported by the Mortgage Bankers Association (MBA). Seventy percent of the 311 companies that reported production data for the third quarter report were independent mortgage companies. “Both purchase volume and refinancing volume increased in the third

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“ The Year of the Short Sale ” Lives up to its Billing

Early this year, experts and journalists widely proclaimed 2012 to be the “Year of the Short Sale” because a number of factors were making short sales more popular and feasible than ever.  Now the proof is in.  For the first time in history, sales of properties in some stage of pre-foreclosure (largely short sales) outnumbered sales of bank-owned properties (REO).  Taken together, short sales that entered the foreclosure process and

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Home Values Rise but Recovery is Uneven

Home Values Rise but Recovery is Uneven   Median national home values rose 1.3 percent from the second to the third quarter – the biggest quarterly gain since March 2006, when home values rose 1.5 percent and the fourth consecutive quarter of increases, Zillow reported today. The Zillow Home Value Index also rose on an annual basis, increasing 3.2 percent year-over-year to $153,800, and Zillow’s forecast shows U.S. home values will increase 1.7

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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