How to Bargain for the Best Equity Rates Everybody loves a good bargain, so why, when it comes to mortgage rates — on likely the biggest purchase you’ll every make — should things be any different? Still, many of us are intimidated by the idea of haggling with big financial institutions or digging in our [...]
Latest News in Refinancing Home Mortgages – Dec 25, 2008
December 25, 2008 By Leave a Comment
Mortgage rates drop to lowest in 37 years – Economic Times NEW YORK : Interest rates on US 30-year fixed-rate mortgages dropped to their lowest level in 37 years this week, largely due to an unprecedented intervention by the Federal Reserve, according to a survey released on Wednesday by home funding company … Mortgage refinancing [...]
Latest News in Mortgages and Home Loans- Dec 23, 2008
December 23, 2008 By Leave a Comment
Bush Administration to End FHA Secure, Despite Calls for Continuation One of the programs that many mortgage industry and related groups has been fairly happy with has been FHA Secure. FHA Secure is a program that the Bush Administration put into practice back in August of 2007 when the first hints of a massive subprime [...]
Latest News in Refinancing Home Mortgages – Dec 18, 2008
December 18, 2008 By Leave a Comment
Calls to refinance surge – Canton Repository Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Fed?s extraordinary decision Tuesday to lower their prime lending rates from 4 percent to 3.25 percent. Some brokers were quoting mortgage rates of close to … Borrowers rushing to refinance loans as rates [...]
Checking Mortgage Rates Online
December 16, 2008 By Leave a Comment
Checking Mortgage Rates Online There are many people who wanted to make their own homes but due to shortage of time they could not be able to make their homes. Householders who are planning to re-finance their house may get the Internet to be a very worthwhile resource. The Internet is useful as it may [...]
Latest News in Mortgages and Home Loans- Dec 16, 2008
December 16, 2008 By Leave a Comment
Latest News in Refinancing Home Mortgages – Dec 11, 2008
December 11, 2008 By Leave a Comment
Mortgage rates foreseen under 4% – Baltimore Sun WASHINGTON Government efforts to provide easier credit to consumers and to help housing finance companies could push mortgage rates “well below 4 percent,” a federal regulator said yesterday. James Lockhart, whose agency oversees government … Bernanke Urges Home Loan Help – Washington Post The government needs to [...]
Latest News in Mortgages and Home Loans- Dec 09, 2008
December 9, 2008 By Leave a Comment
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 [...]
Latest News in Refinancing Home Mortgages – Dec 04, 2008
December 4, 2008 By Leave a Comment
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 [...]
Latest News in Mortgages and Home Loans- Dec 02, 2008
December 2, 2008 By Leave a Comment
Mortgage Market News: Fannie Mae, Bush Administration It’s a busy Monday morning in the world of mortgage market news. One of the big pieces of news comes from Fannie Mae (and other mortgage lenders). The other piece of news is rather damning evidence that the Bush Administration was pretty well aware of what was coming [...]
