Tag Archives: adjustable rate loans

Mortgage Interest Rates Hit 50-Year Low!

Despite these record low mortgage interest rates, why aren’t I making more money with this website? Judging by my advertising revenues, there’s little demand for mortgage customers right now. Lenders aren’t shelling out big backs to advertise. They’re probably keeping … Continue reading

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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

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The Case For The ARM

Thirty year fixed rate mortgages are increasingly difficult to get and frankly they don’t always make sense. ARMs are often a better deal for certain people. Al Heavens writes: Fixed mortgage rates remain below 5 percent, and these days fewer … Continue reading

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California Settles With Countrywide

Part of the terms of the deal include a fund to assist with mortgage modifications. Countrywide was a big name in the mortgage lending business during the first eight years of this millenia, but then they crashed and burned and … Continue reading

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Housing Crunch Arizona Style

A new report says that more than half of Arizonans owe more on their homes than they are worth. Home prices have yet to bottom out in the state, once a place with the fastest appreciating home values. The Arizona … Continue reading

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Mortgage Delinquencies, Foreclosures Hit Record High

We’re talking about one in seven homes have home loans that are past due. This is the highest rate since this statistic has been tracked. And this is with massive government intervention into the mortgage market to reduce foreclosures. The … Continue reading

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Interest Rate Outlook Calm

The U.S. Treasury easily sold $44 billion worth of bonds this week. Combine that with the low consumer spending numbers released today and the expectation on Wall Street is that interest rates will stay low. California is putting up $3 … Continue reading

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Pitfalls To Timeshares

Jack Cummings writes the book Real Estate Finance & Investment Manual: Timeshares are filled with traps that can attract even the smartest of all developers and will then cause them to lose their investment capital property. The reason for this … Continue reading

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When Will Interest Rates Fall?

From BlogCritics: According to Bankrate.com, average mortgage rates on 30-year fixed home loans have increased more than one half a percentage point to 6.74 percent in the last week. This represents the largest weekly increase since April 1987, when the … Continue reading

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Should The Government Buy Bad Mortgages?

Dave Michaels writes: John McCain included what would be a significant economic proposal as part of an answer to the first question about “bailing out” ordinary folks. McCain just said the federal government could “buy up the bad home loan … Continue reading

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