Mortgage Rates Dip to Low 5’s

criteria that I use for pricing Friday’s rates.  Do check with your local Mortgage Professional to see what rate you qualify for.  What’s caused this big dip?  You can thank the Fed for stepping in to buy $600 billion of mortgage backed securities (MBS) backed by Fannie, Freddie and Ginnie. I’m off to lock in some interest rates…bye for now! [more...]

Date: 2008-11-25 16:14:43

Blog posts (22) | Videos (22)
 

Good Time To Ask About Refinancing Your Mortgage: I Might Save $50,000!

With the rate drop yesterday, mortgage rates are at amazing lows. People in the office are bragging about locking in 4 ... that you’ll be holding the loan longer than that. Here are two breakeven calculators: one and two ... . (Especially if you have a good credit score and a loan-to-value ratio below 90%.) My favorite source [more...]

Date: 2008-12-18 11:53:02

Best Refinance Mortgage Rates - Ways to Qualify for a Low Refi Rate

Obtaining a low rate is a top concern for many homeowners who choose to refinance their existing mortgage ... payments, judgments, and high debt to income ratio are damaging to your credit score [more...]

Date: 2009-01-15 04:45:36

Mortgage Rates Hit Record Lows, But Does it Matter?

The average U.S. rate on a 30-year fixed mortgage fell to 4.96 percent this week ... Reserve is buying large amounts of mortgage-backed securities in the hopes that lenders will reduce ... to refinance their existing loans. We just saw a stat saying as many as half can’t meet the credit [more...]

Date: 2009-01-15 19:12:32

All Time Low Mortgage Rates For A++ Borrowers Only

As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... income (debt ratio of 32% or less) and substantial equity in the home (loan to value of 75% or less ... and won’t get approved. Only about a third of U.S. mortgage debt outstanding is likely to qualify [more...]

Date: 2009-01-15 08:09:46

Is Now The Opportunity For You To Review Your Mortgage In Return For A Fixed Rate Mortgage?

As we are seeing base lending rates plummeting to an all time low, ... mortgage loan rates, what exactly are all of these different types of mortgages available [more...]

Date: 2009-01-15 22:01:05

Mortgage Rates are at 50 year lows!

Mortgage markets improved last week for the second week in row ... : * Credit scores of at least 720 * At least 20 percent equity * Relatively low debt versus ... Forums Discuss real estate, network, or learn about investing on our forums! This Article [more...]

Date: 2008-12-22 17:33:40

Mortgage Rates, Scary Jobs Details, Investing in 2009, Russian Gas Dispute, and More!

by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? Overlooked details from Friday’s jobs news… troubling signs from retail and energy sectors Rob Parenteau charts a different way to view the S&P… could the worst be over? [more...]

Date: 2009-01-08 01:36:29

Pay Option ARMs - The Implosion Is Still Coming Despite Low Rates

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... . The broad failure of this loan type will have severe consequences on already depressed CA real [more...]

Date: 2008-12-24 14:00:38

Interest Rates Drop Again…

Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]

Date: 2009-01-16 01:53:45

Las Vegas Real Estate Rebounding

We believe the market is rebounding here in Las Vegas ... months. The flip side to this is these reduced home prices, coupled with extremely low mortgage rates ... Shifts Signal Changes If you look closely at the types of loans that are being made here in Las Vegas [more...]

Date: 2009-01-16 02:27:41

The Daily Dozen

Is government spending too easy an answer? I think so.The incredible shrinking inauguration crowd ... announcements.With interest rates a 37-year low, should you refinance your mortgage? In a word -- yes.7 ... this for a while now. If the government had not been subsidizing housing through mortgage tax breaks [more...]

Date: 2009-01-12 13:16:00

WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?

Related posts:Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early For most Americans, mortgage interest paid on a home loan...Shopping for a low rate mortgage for your Danville real [more...]

Date: 2009-01-16 04:23:28

Ask the Readers: When Does It Make Sense to Refinance a Mortgage?

So much for vacation. I just can’t keep myself away from you guys! ... are at a 37-year low. A 30-year fixed-rate mortgage averages about 5.28% right now. I don’t usually pay much ... loan), but our current mortgage is in a kind of phantom zone: We have a $207,000 balance at 6.25 [more...]

Date: 2008-12-19 13:00:18

Home prices rose in most major cities in July

Home prices rose again in July, a trend that will help ease the foreclosure crisis and slowly rebuild the wealth of millions of American homeowners. Higher home prices show that recession-weary consumers are still willing to take advantage of a deal. Prices had declined for three years before turning around in June. Now, mortgage rates around 5 percent, a tax credit for new owners and low-priced foreclosure have people scouring real estate Web sites, visiting open houses and signing contracts again. [more...]

Date: 2009-09-29 19:52:08

Taking Advantage of Low Rates

Continued unrest in the Middle East, unemployment rates at the highest level in recent memory, ... score and a favorable loan-to-value ratio on my house, which will allow me to get the lowest rates ... that don't take advantage are squandering a golden opportunity. My monthly mortgage payment is going [more...]

Date: 2009-01-12 20:56:00

Rethinking The Early Mortgage Payoff

By Julie Rains The borrow-at-a-low-interest-rate-and-invest-to-get-greater-returns mentality was so embedded in our ... mortgage payoff question is: if you weren't using your money to pay off the mortgage, what would you be using the money for? Here are some alternative uses of extra cash: Pay off non-mortgage debt [more...]

Date: 2009-01-09 15:41:42

Reasons to Refinance Your Mortgage

Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]

Date: 2008-12-29 11:15:00

? Subprime Mortgage Foreclosures: The Importance of Reading the Fine Print

by Michael Geoffrey If you don’t have good credit, you can still own your own home. This is the offer that many people noticed a few years ago ... served foreclosure paperwork, threatening eviction if they were not able to pay off their mortgages ... . These people rushed to get their own homes and signed up quickly for their low interest rate [more...]

Date: 2009-01-14 20:15:08

Want To Refinance? Good Luck

Interest rates are at historical lows so many homeowners are calling banks and trying to get in on the action. Only problem? ... to sales and mortgage data analyzed by Zillow.com, a web-based real estate services firm. Many ... afford the payments. Justin Miller, a broker with Resource Mortgage Group in Plantation, said [more...]

Date: 2008-12-26 19:33:05

But I Thought It Was Just A “Panic”?

But I Thought It Was Just A "Panic"? Courtesy of Karl Denninger at The Market Ticker Or so we were told… Remember, the values at which subprime mortgage bonds were trading at reflected "irrational fear" and "unreasonable expectations of default." Really? * As of last week, the ABX index of sub-prime mortgage debt showed that AAA-rated securities from early 2007 were trading at 28 cents on the dollar – AA was at 4 cents, near all-time lows. [more...]

Date: 2009-09-14 02:05:36

Mortgage Rates

Mortgage rates are slightly improved from last Friday’s rates by about 0 ... with the Fed’s move to purchase mortgage backed securities and agency debt…the question is to homeowners, what rate will it take for you to refinance and/or is there a mortgage rate low enough that would [more...]

Date: 2008-12-19 18:21:45

22 Results