Last Mortgage Rate Update of 2008

Mortgage rates are essentially unchanged from what I posted here last week ... :  5.875% (APR 6.553%)  VA.  Pricing based on credit scores of 620 or better based on loan amounts up to $417,000.   VA loan amounts over $417,000 [more...]

Date: 2008-12-26 19:22:20

Blog posts (100) | Videos (255)
 

Rain City Mortgage Rates

Just a reminder that next Thursday is Thanksgiving and banks will be closed.  Our office will be closed until Monday, December 1, 2008 ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check ... that segment in advance of new loan limits.  It’s an odd limbo time for lenders as they try to wrap [more...]

Date: 2008-11-21 22:37:18

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 a reverse mortgage a good thing??

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]

Date: 2009-01-06 22:24:09

Debt relief Deals “attack on the confidence of consumers”

How’d you to your monthly credit card payments and loans - guaranteed? ... said Carol creditors can lower their interest rates. Carol, who can pay their credit card, mortgages ... rate or reduce the amount you are liable. But beware! Some of these programs are debt relief Scams [more...]

Date: 2008-07-18 10:38:03

Stop Home Foreclosure Now By Applying These Steps

High foreclosure rates are a sad measure of the condition of our economy ... . Credit Card companies will often reduce your minimum monthly payment. Mortgage lenders can make a loan modification that can make your mortgage terms more affordable. Find a foreclosure specialist [more...]

Date: 2009-01-12 09:34:41

Rise in Overdue Mortgage Payments

In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]

Date: 2009-09-25 03:11:53

US Interest Rates Zero to 0.25% and soon 4.5% US mortgages

Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]

Date: 2008-12-16 20:29:22

Alt-A and ARM resets could trigger another crisis!!!

We are winding down out of subprime and going into Alt-A and ARM resets. We have government funding for homes in two ways. One, incentives with lower rates and tax credits, but, there is more. The GSE’s are allowing loans that are 105% and where the monthly debt to income is over 60%. These loans have high default rates and we will pay the price as unemployment stays high. quote Let’s look at a few facts: The Fed is literally the entire mortgage market. Yes, really. [more...]

Date: 2009-09-29 18:15:58

Refinancing an Adjutable Rate Mortgage (ARM) May Not Make Sense

A friend recently called asking for advice on what to do with his Adjustable Rate Mortgage (ARM). His ARM is scheduled to reset in June of 2009 ... charge is fixed for the life of the loan. The number should be on one of the ARM disclosures [more...]

Date: 2009-01-02 19:04:36

Is a Home Equity Second Mortgage Right for You?

Second mortgage Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home ... equity lines that come with fixed interest rates. Many lenders charge upfront fees and large amounts [more...]

Date: 2009-01-14 08:44:29

Loan Calculator Tips To Save You Money

Imagine the next time you join a discussion about simple loan calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-18 09:47:43

Loan Calculator Tips To Save You Money

by Kimberly Eaves This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-19 23:08:59

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

Loan Calculator Tips To Save You Money

by Robyn Eagan This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-24 17:59:37

Stop Foreclosure Now Using These Suggestions

High foreclosure rates are a sad indicator of the condition of our economy ... your minimum monthly payment. Mortgage lenders can make a loan modification to make your mortgage [more...]

Date: 2009-01-11 13:44:56

Mortgages: 2009 Advice

Mortgages: 2009 Advice Mortgages: 2009 Advice With all the doom and gloom over housing, ... . Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ... and borrow now. During ordinary times, one loan is about as good as another because most lenders [more...]

Date: 2009-01-12 11:16:01

Mortgages: 2009 Advice

Mortgages: 2009 Advice Mortgages: 2009 Advice With all the doom and gloom over housing, ... . Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ... and borrow now. During ordinary times, one loan is about as good as another because most lenders [more...]

Date: 2009-01-11 09:14:24

Daddy Warbucks

We’ve notice a lot of stiff upper lips from local movers and shakers in the business community of late. The “recession” word is gone. They are talking about “re-adjustment” and the word “loan” has been replaced with “alternative ... for some new terminology. It’s all part of the game. Remember when “adjustable rate mortgage” [more...]

Date: 2009-01-15 21:35:37

Loan Modifications Reamortize, Don’t Affect Fixed Rates

I just got off the phone with Patty at BB&T Mortgage, who walked through all the options I had with them with regards to my mortgage. She was extremely courteous and explained everything in great detail, great loan officer. The one big bit of advice I learned was that a loan modification isn’t what I thought it was. Loan [more...]

Date: 2008-12-22 17:08:36

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

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

Property expert: Can I lend or donate money to my children?

Q I am over 70 and have at least £100,000 in an e-savings account, as well as £35,000 in fixed-rate bonds ... to reduce their outstanding debts, but would it be better to concentrate on the fixed-term loan ... at a rate of interest that is lower than that they are being charged by their mortgage lenders [more...]

Date: 2009-01-14 00:10:01

Mortgage Rates for Friday Afternoon

This morning’s Jobs Report was even worse than expected with 533, ... scores of 620 or better based on loan amounts up to $417,000.   VA loan amounts over $417,000 ... to work with a loan originator who has the ability to either renegotiate your rate after locking [more...]

Date: 2008-12-05 21:22:25

What is a reverse mortgage?? Do I want it?

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds like a strange thing ... is so these questions can be answered. The name is somewhat misleading. A reverse mortgage is a loan ... citizen’s income. The amount depends on the homeowner’s age, equity of the house, interest rate [more...]

Date: 2009-01-10 00:52:47

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?

Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]

Date: 2009-01-06 15:03:21

Of Chicago, the Olympics, and America in 2016

Satire by John W. Lillpop President Obama has once again made it perfectly clear why this White House gig is just not working out. At least not for the American people. Under Barack Obama, the national unemployment rate is close to 10 percent; the national deficit is nine trillion dollars and counting; in some quarters, the dollar is being used to line bird cages; the housing market is bracing for Phase 2 of the Great Mortgage Meltdown as millions of "Option Arm" loans are due to be reset; [more...]

Date: 2009-09-29 16:42:00

Four Quick Ways to Build A Strong Credit Rating

#fullpost{display:inline;} ... of our card accounts. We can make it a goal to pay off our credit card bills in full at the end ... for a time-dependent loan, say a mortgage. The Federal Law entitles us to one FREE annual credit [more...]

Date: 2008-11-18 05:21:00

WebHostingBuzz

Ratings For This Site Rating: ★★★★★ About This Site WebHostingBuzz: ... it matters - on WebHostingBuzz. * We’re debt free. No loans, no mortgages and cash flow positive. We’ve [more...]

Date: 2009-01-08 07:22:27

Constitution Party: ‘The mortgage thieves return’

Reposted at http://www.constitutionparty.com/news.php? ... spectacle of bad actors descending on a government program fat with new money and starved ... and proof of an ability to pay the money back. These were boring 30-year fixed-rate loans. Now FHA [more...]

Date: 2009-01-07 18:25:37

Stop Foreclosure Now Using These Suggestions

High foreclosure rates are a sad indicator of the condition of our economy ... a loan modification that can make your mortgage terms more affordable. Find a foreclosure help [more...]

Date: 2009-01-15 10:52:42

How the Recession Affecting the Loans Market

If you are looking for a loan or line of credit be ready to be depressed. The fact is that even if you have a perfect credit history, you’re likely to be offered a smaller loan than you applied for at an interest rate far higher than you’d ever expected. And there are likely to be onerous conditions attached. Take homebuyers for example. Over the last 18 months, the number of mortgage packages on the market has fallen from 30,000 to just over 2,500. [more...]

Date: 2009-09-11 01:49:24

Stop Home Foreclosure Now Using These Steps

Escalating foreclosure rates are a sad measure of the condition of our economy ... Card companies will often reduce your minimum monthly payment. Mortgage lenders can make a loan [more...]

Date: 2009-01-14 03:26:43

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

Best Guidelines to Finding A New Mortgages Does Seem Like A Money Saver, But Not To Everyone.

Remortgaging May Seem Like A Good Idea, But Not To All ... trying to compare mortage loan rates to check if there is a better deal out there on the market [more...]

Date: 2009-01-03 14:24:41

Keeping Your Mortgage Interest to a Minimum

When it comes to buying a home and taking out a mortgage, the fact is that the interest you pay will likely be your biggest expense ... things you may not have thought of. Before applying for a loan, many people close credit card ... their lowest interest rates for those with the very best credit scores and credit histories [more...]

Date: 2009-01-15 02:50:33

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

European Central Bank cuts key rate to 2% - MarketWatch

England and no interest loans, I think they just got a bit closer to that. But remember, it’s not going to happen in the United States! Tom Post from: Straight Talk About Mortgages and Real Estate [more...]

Date: 2009-01-15 13:30:24

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

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

Mortgage And Loss Mitigation Information

By Randy Scott The plan will likely c home loan modifications, and discourage foreclosures, perhaps even having a positive impact on prices and foreclosure rates. According to the latest numbers, pricing on single-family homes in the top twenty metropolitan areas in February had dropped by at least 18 percent from the year before, but the rate of change has slowed showed some hope for the distressed housing market. [more...]

Date: 2009-09-27 23:03:27

Fannie and Freddie to Announce Mass Loan Modification Program

re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit.  Paying your bills on time only accounts for 30 [more...]

Date: 2008-11-11 19:02:07

One in Ten Mortgages in Crisis: How To Make Smart Real Estate Decisions in Today’s Market

I couldn’t believe my eyes this weekend. I was watching CNN (no surprise), and as I was listening to the live coverage of O ... rate. I researched different mortgage loans. Plus, I was freelancing for a mortgage and loan website ... with an interest only home loan, we chose predictability over payment shock. Don’t “Splurge” [more...]

Date: 2008-12-15 18:18:27

Mortgage Calculators Are Useful Instrument to Evaluate Your Options

The highest aspect/priority on each person’s mind while submitting an application for a home loan is getting the lowest mortgage rate. There are a number of lenders, who are ready to offer you excellent deals. In addition there are a few who will look as if they charge you less on the other hand, they may have a lot of hidden costs. You have to be cautious once it comes to deciding on your lender. It would help you if you collect as much as necessary information on mortgage loan in most cases. [more...]

Date: 2009-09-29 18:16:11

A New Way to Integrate Mortgage Rates Into Your Web Site

We already have two mortgage widgets (mortgage rates and a mortgage calculator) ... monthly payment per loan type (30-year fixed, 15-year fixed, and 5/1 ARM). If a ZIP code is entered ... an estimated monthly payment for a specific loan amount based on today’s live rates is the bigger win here [more...]

Date: 2008-09-24 19:41:09

Thinking Of A Mortgage Loan Modification? Evaluate Your Current…

Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]

Date: 2009-09-29 17:48:03

Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... the “flow” of mortgage loans.  The big banks, like B of A, Citi, and Wells, loan direct or buy loans ... t have the horses to ride since they laid off so many workers in 2008. 2- Greed:  Lenders typically made a loan [more...]

Date: 2009-01-14 06:35:15

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