Mortgage Rates 8-31-2010
Updated Oct. 9, 2013
Aug 31, 2011. Mortgage Rates Fall To 4.32 PercentAccording to The Mortgage Bankers Association's Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages fell to 4.32 percent after rising to 4.39 percent the week before. At 4.32 percent, mortgage rates are now back to...

Mortgage Applications Up!
Updated Oct. 9, 2013
According to The Mortgage Bankers Association's Weekly Applications Survey, the seasonally adjusted Market Composite Index, which measures total mortgage loan application volume, increase 0.6 percent last week from the previous week. On an unadjusted basis, the index was up 25.2 percent from the week...

MORTGAGE APPLICATIONS RISE 9.3%
Updated Oct. 9, 2013
Mortgage applications rose 9.3% this past week as borrowers refinanced their home loans at exceptionally low interest rates.. The Mortgage Bankers Association said refinancing apps grew dramatically, with the refi index jumping 11.2%, after the Fed announced it would move its portfolio towards longer-term...

Finding a solution to the Foreclosure Mess
Updated Oct. 9, 2013
The nation's foreclosure crisis is easy to identify, but solutions have so far eluded the best and brightest.. Still, past failures haven't deterred new attempts to clear the glut of foreclosures weighing heavily on the balance sheets of both banks and the federal government. On Tuesday a Senate...

AMERICANS WANT TO BUY HOMES BUT IN NO HURRY
Updated Oct. 9, 2013
Recovery will elude the troubled US housing market in the near term as stringent standards to qualify for mortgages and lack of jobs discourage Americans from buying homes, a survey showed on Tuesday.. The Hanley Wood's maiden survey of homeowners and renters found no sense of urgency among Americans to...

HOME SALES
Updated Oct. 9, 2013
NEW YORK (CNNMoney) -- Sales of new homes, a benchmark indicator both for the housing market and the overall economy, rose slightly but remained slow in September.. Sales reached a 313,000 annual rate in September, 5.7% more sales than the revised estimate for August, according to a monthly report from the Census...

U S STOCKS
Updated Oct. 9, 2013
(Reuters) - U.S. stocks fell on Tuesday on doubts European leaders can agree on a plan to end the euro zone debt crisis, while major corporations disappointed investors with their outlooks.. Though European Union and euro zone leaders still planned to hold a summit on Wednesday, markets were spooked by news that a...

FORECLOSURE OPPORTUNITIES
Updated Oct. 9, 2013
Four years after the housing bubble popped, 11 million homeowners owe more on their mortgages than their houses are worth.. On the theory that easing the debt burden for those underwater borrowers would boost consumer spending and lift the overall economy, the U.S. government is experimenting with a program to...

US ECONOMY & HOUSING MARKET GO HAND IN HAND
Updated Oct. 9, 2013
A fresh emphasis on healing the housing sector by officials at the Federal Reserve, in the Obama administration and in state capitals reflects the view that a healthier real estate market would go a long way in strengthening the economy.. Fed Chairman Ben Bernanke said on Wednesday that the U.S. central bank was...

3 TERMS EVERY MORTGAGE HOLDER SHOULD KNOW
Updated Oct. 9, 2013
Getting a mortgage can be a very confusing process. There is a lot of paperwork to sign, documents to read and procedures to be followed. You'd think you were applying to go to Harvard or Yale, except they don't require that much paperwork for you to be admitted! Although getting a mortgage can be a...

Mortgage Terms
Updated Oct. 9, 2013
Getting a mortgage can be a very confusing process. There is a lot of paperwork to sign, documents to read and procedures to be followed. You'd think you were applying to go to Harvard or Yale, except they don't require that much paperwork for you to be admitted! Although getting a mortgage can be a...

VA/FHA
Updated Oct. 9, 2013
It appears that a flip-flop of sorts is happening in regard to the FHA and VA programs. During the first-half of fiscal year 2012, the origination of Veterans Affairs-backed home mortgages soared 40% while production of Federal Housing Administration loans fell 24%. What does this tell us? Answer: smart...

GETTING A LOW INTEREST RATE
Updated Oct. 9, 2013
Everyone loves a bargain and getting a lower mortgage interest rate can save you a substantial amount of money over the life of your loan. There are several ways to go about ensuring that you pay the least amount of interest when you take out a home mortgage.. Be aware of your credit score.. Good credit is the key to not...

CREDIT ISSUES
Updated Oct. 9, 2013
The market of new houses is now experiencing a great increase in sales and profit. Old houses are now being traded for newer ones. A great way to finance your new home purchase is to mortgage.If there are instances that you are not eligible because of some credit concerns, you should not worry. You can still plan for it...

ADVANTAGES OF A FIXED RATE NORTGAGE
Updated Oct. 24, 2014
This is the most popular type of mortgage as the monthly payment for interest and principal remains fixed through out the mortgage term, Property Insurance and taxes may increase but the monthly repayment of the amount will be stable.. Fixed rate mortgages are available for 10 years, 15 years, 20 years and 30...

LOW INTEREST RATES
Updated Oct. 9, 2013
When you refinance your home, you get a new loan to replace the one you already have. You might do that to:. Get a lower interest rate Combine or pay off bills Get money for home improvements or repairs Things to consider before you refinanceRefinancing to get a lower interest rate will probably save you money if:. The...

First Time Homebuyer
Updated Oct. 9, 2013
It's not easy to buy a first home, so here's a suggestion that may be surprising: Instead of buying one residence, buy several. What I'm suggesting has nothing to do with late night infomercials or books that promise fast and easy wealth from real estate. Instead, many first-time buyers can...

LOSING YOUR HOME
Updated Oct. 9, 2013
Losing Your Home to Someone Else Can Be Painful!. There are a number of dreams centering on each of our homes. We have memories there, we have the feelings of sharing, we feel just the warmth and home is something that is the most cheering of all possible recluses on earth. However, like any thing else of our concern, we...

Using Points to Cut Your Interest Rate
Updated Oct. 9, 2013
The general mantra in the real estate world is you want to avoid paying points when obtaining a mortgage. As with most assumptions, this is not always true.. Using Points To Cut Your Interest Rate. When discussing mortgages, it is important to understand what points are. Points are essentially an upfront cost you pay...

Benefits of Mortgage Refinance
Updated Oct. 9, 2013
Buying a home is the best investment you can do in your entire life. Not only that it gives you the pride of becoming a homeowner, it also gives you the security that you have a place to stay at the end of the day. This is why many people apply for home mortgage. The mortgage opens the opportunity to everyone to have a place...