February 07, 2017: “How to Improve Your Credit Score”, a Consumer Reports consumer advisory by Beth Braverman included some expertise from Keith Gumbinger, HSH.com’s vice president:
“Some credit scoring models are now shifting to “trending data,” which look at your credit patterns over time. That minimizes the impact of one-time events, but it also means that it may take longer for better habits to start to make a significant difference when you try to improve your credit score. “Delinquencies or late payments take time to work their way into the report,” says Keith Gumbinger of HSH Associates, a company that analyzes consumer debt markets.”
February 1, 2017: “Take the Stress Out of Applying For a Mortgage” by Ellen James Martin, a syndicated Smart Moves homebuyer head’s column up by Ellen James Martin incorporated a range of advice from HSH.com VP Keith Gumbinger:
No matter your income or wealth, when you’re buying your first home, the mortgage process can seem bewildering.
“With so many moving parts, the process is nerve-racking for many folks not in the finance field. First, you’re under pressure to gather all your personal financial information. Then you worry your loan could fall through, which could cost you the chance to acquire your dream home,” says Keith Gumbinger, a vice president at HSH Associates, which tracks mortgage markets throughout the country.” [Additional comments followed these remarks.]
January 26, 2017:” Mortgage Rates Break Out of Downward Cycle”, an MReport market update by Timothy McNally included some context provided by Keith Gumbinger, HSH.com’s VP:
The movement in the rate should not be taken as sign of a continual trend, as the ongoing volatility will likely continue for some time. “Rates have been rather volatile since November, and such moves are not that unusual,” noted HSH.com VP Keith Gumbinger.
Gumbinger goes on to state that “it’s a reasonable bet that headlines of higher mortgage rates won’t be exactly welcomed by homebuyers or homeowners looking to refinance,” but he doesn’t think that the increase in the rate will have a meaningful effect on borrowers who are in the process of buying a home, as the costs incurred due to the increase are rather minimal.
January 20, 2017:“How Much Does It Cost to Sell a House? Here’s a Reality Check”, a a Realtor.com home seller update by Cathie Ericson saw HSH.com’s VP Keith Gumbinger add some valuable information:
“While buyers tend to pay more in closing costs, sellers aren’t completely off the hook. You can expect to spend an additional 2% of your home’s price on this expense”, says Keith Gumbinger, vice president at mortgage information resource HSH.com.
He added that “Closing costs tend to be fixed, including transfer taxes, escrow expenses, and notary fees. You’ll also pay at closing any outstanding property taxes, a prorated share of the water and sewage bills, and the remainder of your mortgage.”
January 12, 2017:“Are Mortgage Rates Back on a Downward Trend?”, an MReport review of mortgage rate trends by Brian Honea featured a review and outlook for mortgage rates Keith Gumbinger, HSH.com’s vice president:
Keith Gumbinger, VP of HSH.com, stated, “The small decline was consistent with my overall expectations. I think we are probably close to the bottom of a working range at the moment with limited additional downside for rates unless we start to see some economic softening (whether here or abroad). It seems to me that the recent decline may be reflective of a lessening of the investor exuberance that occurred post-election, as the difficulty of effecting meaningful change in a fractious political environment may be starting to be seen.”