FHA Loan Outlook for 2011
Few would argue the impact the FHA loan programs have had on the mortgage market in the last four years. With FHA rates at record lows, it’s logical to think that FHA loan originations would increase...
View ArticleMortgage Interest Rates Going Higher?
In the latest mortgage lead report, the Lead Planet indicated that mortgage applications rose as home loan rates fell. Credit standards have been a significant factor in loan applicants qualifying for...
View ArticleRates Rise Slightly for Refinancing and Home Buying
Home loan and mortgage refinance rates rose slightly last week and many lenders are hopeful that rates will see a positive bounce in the weeks to come. Interest rates rose slightly, with the average...
View ArticleHome Values in Many US Cities Declining
Financing a home may be a good idea as home prices have fallen to 10-year lows around the country. Home prices in the nation’s largest cities fell in October for the second straight month, suggesting...
View ArticleGood Credit Equates to Low Interest Rates
Lenders Rewarding Borrowers with Low Mortgage Rates for Good Credit Scores Most consumers in the digital age understand that credit scores play a significant role in mortgages, home loans and...
View ArticleRates on Home Mortgages Remain Low and Affordable
The average fixed interest rate on a 30-year loan has fallen to near its record low set earlier this month. The rate on the most popular mortgage dipped to 3.37% from 3.39 last week, mortgage buyer...
View ArticleUpside Down Refinance Plan of Freddie Mac Questioned
In a recent Eliot Spitzer article published on Slate, the question of why Freddie Mac did not address underwater mortgage refinancing sooner came up. It’s not like the government sponsored enterprise...
View ArticleCan I Refinance My 2nd Home Under HARP?
Fannie Mae and Freddie Mac clarified that borrowers can use the HARP 2.0 to refinance second homes and investment properties. Most people already knew that HARP mortgage lenders were allowed to offer...
View ArticleHome Mortgage Rates Inch Up
Consumers have grown accustomed to mortgage rates always dropping in the U.S. Stronger than expected Retail Sales data hurt MBS this morning, extending the losses seen last week. April Retail Sales...
View ArticleHome Loan Rates Rising
One of the things most consumers haven’t come to grips with is that interest rates in the United States are finally going up. According to Zillow, the fixed interest rates fixed for thirty-years jumped...
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