Tag Archives: 30 year fixed mortgages

Those Low Mortgage Interest Rates Look So Good!

Tempting! Nice if you can get them. Are they a fake? No, they’re real, but they only for the top tier, those with sterling credit and solid proof of income. Lenders are keeping mortgage interest rates higher than would be … Continue reading

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Fixed Rate Mortgage Interest Rates Increase

We’re still near record lows for mortgage interest rates, but the heading is up. Fed chairman Ben Bernanke said the Fed is going to hold steady. There will be no third round of monetary stimulus. So the US dollar is … Continue reading

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Mortgage Applications Rise

Just as interest rates are heading higher, mortgage applications are up a tad. Overall, the outlook for American home prices is bleak, with a 5% fall forecast for the rest of 2011. The WSJ says: The volume of mortgage applications … Continue reading

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Mortgage Rates Drop

The Japanese earthquake and tsunami has prompted the Japanese central bank to ease its monetary policy, leading to lower interest rates. High gas prices and dropping stocks in America have led to lower mortgage interest rates. Max Thompson reports: The … Continue reading

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Refinance Rates Plunge

What’s new in the latest rate fall? That those with less than great credit can take advantage. Until now in this recession, the great refinancing rates went only to those with stellar credit scores. Lenders have reacted to the subprime … Continue reading

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Despite A Trillion Dollars In Mortgage Intervention, Refinances Hard To Come By

Mortgage interest rates are at their lowest levels since the 1940s, but refinances are hard to come by. Regulators are pressuring banks to up their reserves, which means less money for loans. The bad economy also makes banks leery of … Continue reading

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US Mortgage Applications Up

Reuters reports: U.S. mortgage applications surged last week, driven by a spike in demand for refinancing as the average 30-year fixed-rate home loan rate fell, the Mortgage Bankers Association said on Wednesday. Refinancing applications jumped 30 percent in the week … Continue reading

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The FHA Wants To Help Reduce Foreclosures

From Boston.com: Struggling homeowners now have one more alternative to help them avoid foreclosure and remain in their homes, the US Department of Housing and Urban Development announced today. HUD Secretary Steve Preston unveiled the so-called Hope for Homeowners plan … Continue reading

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Get Your Loan Online

SAN CLEMENTE, Calif., Sept 29, 2008 /PRNewswire via COMTEX/ — The Loan Officer has met his end. For the first time in history, online mortgage applications have surpassed traditional mortgage loan applications. The shift from traditional over the phone or … Continue reading

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Narrowing The Rate Spread

From the Washington Times: Specifically, Fannie and Freddie purchase mortgage loans from banks, package the loans into mortgage-backed securities and sell them to individual and institutional investors. My column two weeks ago predicted that mortgage rates would subsequently fall. The … Continue reading

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