Tag Archives: adjustable rate mortgages

30-Year Fixed Rate Mortgages Hit Record Lows

Amidst worldwide economic turmoil, investors are fleeing to the safety of U.S. Treasury bonds, thus driving up the prices of these bonds and cutting their yields. Swiss bonds now have negative yields. Experts expect mortgage interest rates to drop further … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on 30-Year Fixed Rate Mortgages Hit Record Lows

Federal Reserve Is In A Fix

One of the major causes of the housing bubble and bust was interest rates. They were so low at the beginning of the past decade that they made mortgage affordable for a wider group of the population who then competed … Continue reading

Posted in Banks, mortgage, Rates | Tagged , , , , , | Comments Off on Federal Reserve Is In A Fix

The More Drama In the Market, The Lower Mortgage Interest Rates Fall

The past ten days have seen unprecedented swings in the Dow Jones average. Europe seems on the brink. French banks totter. France’s credit rating is threatened. The United States has been downgraded. So where is money flowing in a flight … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on The More Drama In the Market, The Lower Mortgage Interest Rates Fall

Mortgage Refinance Tips

If you are in an adjustable rate mortgage, now may be the time to see if you can refinance into a low fixed-rate mortgage. If you are in a fixed-rate mortgage paying an interest rate over 5%, you will save … Continue reading

Posted in mortgage, Refinance | Tagged , , , , , | Comments Off on Mortgage Refinance Tips

Housing Trends Indicate Interest Rates Will Stay Low, But So Will Demand

Low mortgage interest rates and falling home prices mean that more people will find it less expensive to own than to rent. This should provide some stimulus for home buying. ARM (adjustable rate mortgages) are making a comeback in 2011. … Continue reading

Posted in mortgage | Tagged , , , , , , | Comments Off on Housing Trends Indicate Interest Rates Will Stay Low, But So Will Demand

America’s Mortgage Bond Slump

As long as mortgage-backed bonds are slumping in price, lenders will have restricted capital to lend for new mortgages. Unless mortgages can be securitized, only a comparatively small amount of money will be available to lend out. A turnaround in … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on America’s Mortgage Bond Slump

Mortgage Interest Rates Drop For Seven Straight Weeks

I expect mortgage interest rates to drop half of a percentage point over the next month as demand for mortgages remains weak. I think interest rates could go to near zero and demand for mortgages would remain weak. The WSJ … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Interest Rates Drop For Seven Straight Weeks

Mortgage Applications Tick Up Slightly

The housing market is trying to deal with the gradual removal of government subsidies. Last year at this time, there was a big fat tax subsidy to encourage home buying. Dow Jones reports: Rates on 30-year fixed-rate mortgages averaged 4.69%, … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Mortgage Applications Tick Up Slightly

Mortgage Consumers Might Find Out What They’ve Signed Up For

I suspect that most purchasers of mortgages are not entirely clear about what they’ve signed up for. It is this ignorance that lenders prey upon and make much of their profit. Perhaps not for long? Michelle Singletary writes: Did you … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Mortgage Consumers Might Find Out What They’ve Signed Up For

Are You Shopping For A Mortgage?

I hope you have a lot of cash on hand, great credit, and a secure income. The housing world will be at your feet. USNEWS.com reports: If you buy a home, but plan on moving in five years or less, … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Are You Shopping For A Mortgage?