May 9, 2017: “Home Buyers’ Top Mortgage Fears: Which One Scares You?”, a article by Daniel Bortz included some soothing words for fearful potential homebuyers from Keith Gumbinger,’s VP:

Fear No. 1: Not having enough money for a down payment

Being able to assemble a down payment is often the most daunting concern among home buyers, says Keith Gumbinger, vice president of mortgage research site But that’s largely because a lot of home buyers think they absolutely need to fork over a 20% down payment to get approved for a mortgage, which isn’t the case.

You should also bear in mind that credit is just one factor that affects the strength of your loan application, says Gumbinger. In fact, “for most home buyers, your credit score is going to determine whether you’re able to get a great interest rate,” says Gumbinger, “not whether you qualify for a loan.”

May 5, 2017: “5 Smart Ways to Put Your Home Equity to Work”, a Fiscal Times consumer advisory piece by Beth Braverman that included some cautionary words from vice president Keith Gumbinger:

Tapping into that equity can be tempting, but as the housing bust of mid-2000s taught us, it’s also risky. “Frivolous purchases and things of that nature are great, but you should find a way to do them without borrowing from the equity in your home,” says Keith Gumbinger, vice president of mortgage information web site

April 23, 2017: “Cheaper Mortgages Could Spur Housing Market”, a Wall Street Journal market update by Laura Kusisto that included some context from Keith Gumbinger, vice president of

“Almost the entirety of the Trump bump [to mortgage rates] has been washed away,” said Keith Gumbinger, a vice president at, a mortgage-information website.

That, in turn, could spur the housing market, economists said. A decline in mortgage rates can reduce monthly mortgage payments or allow buyers to purchase more expensive homes than they otherwise could afford.

Economists said a surge of additional buyers this spring wouldn’t be entirely welcome. “It’s driving more demand into a market that doesn’t have much in the way of supply,” Mr. Gumbinger said.

April 20, 2017:“How to use this new formula to boost your credit score” , a outline by Kelli B. Grant included a snippet of advice from Keith Gumbinger, VP:

Do check your score regularly, and pay attention to takeaways provided that tell you why your score is what it is. Be cautious about making major changes ahead of a big purchase, like a home or car, said Keith Gumbinger, vice president at mortgage site

April 19, 2017: “Local Mortgage Stories for Today’s Home Buyers”, a National Center for Business Journalism advisory for writers by Dorianne Perrucci suggested that reporters and writers contact VP Keith Gumbinger for mortgage analysis and more:

Reporter’s Resources

• and update loan rates daily and offer mortgage calculators, in addition to mortgage news and analysis. Greg McBride at Bankrate and Keith Gumbinger at HSH can provide expert commentary on mortgage news and trends.

April 13, 2017: “If you only lost $30,000 to these money mistakes, count yourself lucky”, a consumer update by Kelli B. Grant featured some clarity provided by Keith Gumbinger,’s vice president:

Most people have a sense of whether their credit is good or bad, but what often surprises them is that there are break points, or buckets, where pricing changes, said Keith Gumbinger, vice president at mortgage site

“It’s not as though you can’t get a mortgage if your credit score isn’t fantastic, but the cost of your credit is almost certainly going to be higher,” he said.

April 8, 2017: ” Take the stress out of applying for a mortgage”, a nationally-syndicated column by Ellen James Martin included some comments from 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,” says Keith Gumbinger, a vice president at HSH Associates, which tracks mortgage markets throughout the country.

Another factor that’s stressing buyers is recent uncertainty over the direction of mortgage rates. If rates rise significantly before their deal closes, buyers fear they could lose the ability to afford the house they’ve selected.

“Rates have been very volatile in recent weeks and could be more so as 2017 progresses,” says Gumbinger, who’s worked as a mortgage market analyst since 1984.

Gumbinger says real estate agents are usually a good bet for sound advice on finding a qualified lender. But he says you should look well beyond the suggestions of agents.

“For referrals, I recommend you use what I call the Satisfied Customer Index, also known as friends and family,” he says

“Well before you’re ready to apply for a loan, you can bring the whole mortgage picture into much clearer focus by supplying basic documents related to your financial life,” Gumbinger says.

April 2, 2017:“Mortgages Today”, a NAR Real Estate Today Radio interview with Vp Keith Gumbinger.  Click the link to listen.

March 21, 2017: “The Comprehensive Guide to an Early Retirement”, a Time advisory piece by Elizabeth O’Brien included some context from vice president Keith Gumbinger:

Cut Your Housing Costs
Consider a hypothetical family in the Minneapolis area, where prices are in line with the U.S. average. They would save more than $50,000 over 10 years by staying in a starter home vs. upgrading to one 30% bigger, according to Keith Gumbinger, a vice president at mortgage-information website HSH. That estimate includes mortgage, property tax, insurance, and utility and maintenance costs.

HSH and other firms offer online calculators to help you determine the maximum mortgage you can swing based on your income and other financial details. But “you don’t have to borrow the max,” Gumbinger says. If you are looking to power-save, keep your housing spending to 30% or less of income, he says.

March 20, 2017: “Detroit Market Among Short List Of Affordable Housing”, a CBS News/Detroit local market update by Scott Ryan included a discussion with Keith Gumbinger,’s VP:

Mortgage expert Keith Gumbinger says the rust belt’s identity has changed for the better — reinventing the area as a hub for technology.

“In Detroit, you guys had a rebirth of downtown is what I’m lead to believe, I’m seeing that there’s more automotive jobs coming back in again,” he says.

Noting that ‘boom and bust’ real estate cycles don’t do much for the typical homeowner, Gumbinger says real benefits come in the form of slow, steady market growth over many years.

“A lot of those market places suffered from population losses, from 1980s into the ’90s — earlier in the last decade – you’ve had a lot of the population in exodus which opened up a lot of available housing stock, and that helps to keep homes more affordable,” says Gumbinger.

He says in Detroit, you have to consider the Dan Gilbert factor: Buying downtown buildings and bringing jobs into the city.

“It’s the type of thing you want to do — you want to buy low … and sell high but in order for it to get high you’ve actually got to put in the time, put in the infrastructure – put the investments in and go after the factors that will support making a city a metro-business great and obviously Dan Gilbert has done a great job,” says Gumbinger.

March 16, 2017: “Wedding or new home? How to pay for both”, a CNBC spring advisory by Kelli B. Grant featured some advice from VP Keith Gumbinger:

Nearly half of couples end up spending more than they planned to on their wedding, according to The Knot. That can have consequences for your home purchase if the purchase overlaps with your engagement or occurs shortly after the wedding.

“Your mortgage qualification is going to be largely based on your income, and your credit,” said Keith Gumbinger, vice president at mortgage site “The last thing you want to do is disturb your credit in any way.”

March 2017: “Protect yourself from rising interest rates”, an AARP Bulletin market conditions update by Eileen Ambrose included some advice provided by Keith Gumbinger,’s vice president:

Inflation and the economy have more impact on fixed-rate mortgages — the most common type of mortgage — than Fed action, says Keith Gumbinger, vice president with, a mortgage information site. Rates may rise if the economy continues to improve and inflation heats up, he says.

Tip: If buying a house, consider an adjustable rate mortgage (ARM) with a fixed rate for five years, Gumbinger says. ARMs have been out of favor, but now are one percentage point less than a 30-year fixed loan. Be aware, the rate can rise in five years.
Home equity lines of credit

Within three months after the Fed raises its rate, people will see a bump in the rate — and in their payments — on an outstanding line of credit, Gumbinger says.

Tip: Borrowers usually pay only monthly interest on the sum borrowed for the first 10 years, and then must start repaying principal. If bigger repayments will be a problem, contact the lender to explore your options, Gumbinger says.

March 16, 2017: “What the Fed rate hike means for homebuyers”, a CNN/Money analysis of changing market conditions by Kathryn Vasel helped consumers understand these impacts with some color and context from Keith Gumbinger,’s VP:

But Wednesday’s hike was widely expected, meaning the markets had already priced it in. So many experts don’t see rates moving much higher in the coming weeks.

“The last couple of times the Fed made a move, the rates firmed up in advance of the decision, and when it happened they kind of faded,” said Keith Gumbinger , vice president of

And it’s not just the Fed that can influence mortgage rates.

“The global economic picture is a little warmer and things are pretty good. Markets aren’t just reacting to what the Fed is doing, but the prospects of the rest of the world as well,” said Gumbinger.

March 14, 2017: “Mortgage Rates Are Set to Jump”, a Time consumer cost advisory by Beth Braverman included some payment calculations and mortgage rates projections from Keith Gumbinger, vice president of


March 7, 2017: The Housing Markets That Will Consume The Most, Least Of Your Salary”, a Financial Advisor Magazine extract of popular content by Karen DeMasters included calculations and analysis from for the five most and least housing expensive markets in our latest market report.

February 07, 2017: “How to Improve Your Credit Score”, a Consumer Reports consumer advisory by Beth Braverman included some expertise from Keith Gumbinger,’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 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,’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 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 home seller update by Cathie Ericson saw’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

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,’s vice president:

Keith Gumbinger, VP of, 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.”

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