Scott Springborn's (springborn) Blog

Mortgage and Lending - Back Bay Funding



Mortgage markets improved last week, carried by the same stories that have led markets better since April. Worries of a Eurozone sovereign debt default mounted, and the U.S. economy’s revival showed itself to be slower than originally anticipated. In Greece, the nation readied itself for its sec...
The March Case-Shiller Index was released this week and it corroborates the findings of the government’s mostrecent Home Price Index — home values are slipping nationwide. According to the Case-Shiller Index’s publisher, Standard & Poors, home values fell in March from the year prior. The March ...
Tomorrow morning, at 8:30 AM ET, the Bureau of Labor Statisticsreleases its Non-Farm Payrolls report for May. If you’re floating a mortgage rate right now — or are in the process of shopping for a loan — consider locking your rate sooner rather than later. The Non-Farm Payrolls report can be a m...
Another quarter, another sign that mortgage lending may be easing nationwide. The Federal Reserve’s quarterly survey of senior loan officers revealed that an overwhelmingly majority of U.S. banks have stopped tightening mortgage requirements for “prime borrowers”. A prime borrower is one with a ...

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