Tag Archives: california association of mortgage brokers

French Capitalism

Andrew S. Ross writes: Homeowners and prospective home buyers beware. Libor, short for the London Interbank Offered Rate, is one of the benchmarks that home loan providers like Wachovia and WaMu use to set mortgage rates, at a premium over … Continue reading

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Lending Criteria Now Too Strict?

Leslie Berkman writes: Complaining that even many credit-worthy borrowers can no longer qualify for mortgages, the president of the California Association of Mortgage Brokers on Thursday called for exceptions to underwriting criteria that tightened in response to skyrocketing foreclosures. The … Continue reading

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Mortgage Rates Rise

From the San Jose Mercury News: Interest rates for long-term mortgages rose this week to their highest levels since March, pushed up by the threat of inflation. The national average interest rate for 30-year, fixed-rate mortgages increased to 6.08 percent … Continue reading

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Mortgage Rates Rise

From bizjournals.com: Mortgage rates at Hawaii‘s four largest banks rose this week, along with the national average rate for a 30-year fixed-rate loan, amid concerns about inflation. American Savings Bank, Bank of Hawaii and First Hawaiian Bank each offered a … Continue reading

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