Tag Archives: mortgage rates

Refinance Your Mortgage Now

Lilly Nelson writes: You have been in your house for a few years. You still have to pay your homeowners insurance. The budget belt is getting tighter due to an alarming 6.6% interest rate on your mortgage. Sure you get … Continue reading

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Are We Headed For A Double-Dip Recession?

Most of the economic news I’ve heard over the past three months has been bad and I keep hearing more and more references to a double-dip recession. So are things today as bad as they were in September 2008? I … Continue reading

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Housing Rebound Is Far Off

I haven’t heard any expert predict home values will rise overall in 2011. The next year will be the earliest we can expect a rebound. Meanwhile, bank lending standards and practices are easing. The AP says: The Realtors index showed … Continue reading

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Mortgage Rates Hit Five-Month Low

This won’t make much difference for most people who want to buy a home unless they have stellar credit, secure income and at least a 20% down payment. The AP says: RATES HIT YEARLY LOWS: Freddie Mac said the average … Continue reading

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Mortgage Rates Go Down

After six weeks of going up, mortgage rates headed down at the end of last week. I don’t expect this to be a trend. It is easy to find ads for low interest rates but the rate you can get … Continue reading

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Over One Million Enroll In Obama’s Mortgage Modification Scheme

Only 170,000 have completed the paperwork, while 1.1 million home owners have begun the process. The program is having a tiny impact on America’s high rates of foreclosures. Las Vegas is hard-hit by foreclosures but fewer than 4,000 homeowners have … Continue reading

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A Small Sign Of An Increase In Home Sales

This forward-looking index is still down 11% from a year ago. Home sales plunged in November and December. The supply of homes for sale keeps falling. Interest rates remain low. There are tax benefits for buying a home. Home prices … Continue reading

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Home Sales At Two Year High

They’re driven by an income tax credit which is due to expire and record-low mortgage rates. Underneath that, the housing market looks weak. Three months of stability don’t seem so impressive compared to the plunge of the past two years. … Continue reading

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Lowering Mortgage Rates Will Save Borrowers Billions

This study seems straight forward. Lower interest rates this year will save $11.5 billion for mortgage borrowers. More than two million borrowers have managed to lower their monthly payments. Americans are dramatically reducing their debts and upping their savings. From … Continue reading

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The Government Is Cleaning Up the Mortgage Mess

The government is buying bad mortgages. The FBI are cracking down on fraudulent mortgage operations. Stricter standards are in place. Help is available. Mortgage rates are low. There’s a flood of refinance applications and Bank of America recently announced plans … Continue reading

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