Mortgage applications up as refinancing jumps – Reuters NEW YORK (Reuters) – U.S. mortgage applications rose in the last week of January, reflecting strong demand for home refinancing loans even as interest rates rose to their highest levels since early December, industry data showed on Wednesday. Home … Is now the time to refinance? – [...]
February 05 2009 | Homes Mortgages and Loans in the news | No Comments »
Is Your Mortgage Statement Correct? Right now, mortgages are in the news. A lot. From concerns that prime borrowers are the next wave of foreclosures (thanks to the fact that job loss is likely to result in a wave responsible people suddenly unable to make their payments) to the almost weekly drops in mortgage interest [...]
February 03 2009 | Homes Mortgages and Loans in the news | No Comments »
U.S. Existing Home Sales Get a December Boost One of the main economic indicators – especially now that the housing market is such a big focus of the economy — is the U.S. existing home sales data. This is data that takes into account how many homes (already built) were sold in a month. The [...]
January 27 2009 | Homes Mortgages and Loans in the news | No Comments »
FDIC Asks Banks to Report on How They Spent TARP Funds One of the biggest scandals of the economic bailout bill passed last fall has to with how the $350 billion set aside for banks through TARP funds was spent. The money was meant to be spent in helping Americans avoid foreclosure. It was supposed [...]
January 20 2009 | Homes Mortgages and Loans in the news | No Comments »
Buying a Home in 2009? Don?t Make These Mistakes! Many people are looking at the low mortgage interest rates and the falling home prices and thinking that 2009 would be a great year for buying a home. Indeed, if you are in a good position with regard to your credit score, and if you have [...]
January 13 2009 | Homes Mortgages and Loans in the news | No Comments »
Mortgage Rates May Be Low, But That Doesn?t Mean You?ll Be Approved Right now, the big news is that mortgage rates are at their lowest in years. It is no surprise, then, that mortgage applications are way up — especially in terms of refinancing. (One of my goals for the New Year is to refinance [...]
January 06 2009 | Homes Mortgages and Loans in the news | No Comments »
Choosing a Lender Buying a new home or refinancing the mortgage on an existing home is a big step. You can take some of the stress out of getting a mortgage by choosing the right mortgage lender for your specific situation. Selecting a loaner is a very important part of the process of re-financing a [...]
December 30 2008 | Mortgage & Home Loan | No Comments »
Should You Pay Your Mortgage Off Early? One of the debates that often surfaces surrounding the home mortgage loan is whether or not it is worth it to pay your mortgage off early. Since I am of the school that it is better to get out of debt as soon as possible, I tend to [...]
December 16 2008 | Homes Mortgages and Loans in the news | No Comments »
Loan Modification Only Delaying the Inevitable for Some Homeowners Back at the beginning of the year, loan modification was hailed as the way to help troubled homeowners deal avoid foreclosure. Turns out that in many cases, loan modification only helps delay the inevitable. CNN Money reports on foreclosures: Some 53% of borrowers with loans modified [...]
December 09 2008 | Homes Mortgages and Loans in the news | No Comments »
Mortgage applications up 112.1% last week, due to drop in rates: MBA – Market… Many borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs were placed under conservatorship,” said Orawin Velz, associate vice president of economic forecasting for the association. GSEs refer … A Rush Into [...]
December 04 2008 | Homes Mortgages and Loans in the news | No Comments »
