Tag Archives: mortgage application

Mortgage Applications Boom As Rates Dip

Mortgage rates are at 2011 lows. Home prices continue to fall. Some people are stepping into the home buying market while others wait, expecting another 10% drop in home prices over the next year. Report: The mortgage rates have actually … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Applications Boom As Rates Dip

Investors Jump Into Mortgage Applications

Lower interest rates mean opportunities to profit from buying real estate. Regular folks, however, are not as eager to apply for mortgages. Expect home prices to fall another 15% in 2011. The AP reports: The number of people applying for … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Investors Jump Into Mortgage Applications

Refinance Applications Slump

The great refinance boom of 2009 may be over. Apps are down 8%. Rates are edging lower. Reuters says: U.S. mortgage application demand slid to the lowest level since mid-March, driven by a drop in requests to refinance loans even … Continue reading

Posted in Applications, Rates, Refinance | Tagged , , , , , , , | Comments Off on Refinance Applications Slump

‘American Mortgage’ By Trevor Rhodes, CEO of AmerUSA

This is a solid new book from McGraw-Hill. I particularly liked the section on the top five borrower blunders: * Applying for more credit while waiting for your mortgage to close * Stopping payment to your current lender while you … Continue reading

Posted in Applications, mortgage | Tagged , , , , , , , , | Comments Off on ‘American Mortgage’ By Trevor Rhodes, CEO of AmerUSA

FBI Warns About Mortgage Scams

Ed Dickson writes: A lot of people are in dire financial straights because they got sucked into what is now being called the mortgage crisis. The problem is that the fraud aspect of the mortgage crisis is hardly over. Mortgage … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on FBI Warns About Mortgage Scams

Pre-Qualifying For A Home Loan

It’s easy but it doesn’t mean a lot. Lenders have this process streamlined. They do a ten-minute consultation with you and plug the numbers you give them into a formula and then gives you a number on the amount of … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Pre-Qualifying For A Home Loan

UK Mortgage Approvals Up

Mortgage loan approvals rose in April, new data has revealed. According to figures from the British Bankers’ Association (BBA), approvals rose nine per cent last month when compared to March. However, the figures are still lower than in the same … Continue reading

Posted in Britain, mortgage | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on UK Mortgage Approvals Up

Housing Market Worst Since 1970s

From the Guardian: House sales could fall to their lowest level since the mid-1970s the Council of Mortgage Lenders warned yesterday, as it predicted a drop in prices and a halving in the mortgage market as a result of the … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Housing Market Worst Since 1970s

Things Can Only Get Better For UK Borrowers

From the Times of London: Mortgage experts are hoping that First Direct’s re-entry into the market signals an easing in the mortgage market and better times ahead for borrowers. Now it charges 5.76 per cent, with a £499 booking fee … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , , , | Comments Off on Things Can Only Get Better For UK Borrowers

Mortgage Rates Drop

From MarketWatch: The 30-year fixed-rate mortgage averaged 6.01% for the week ending May 15, down from last week’s 6.05% average, according to Freddie Mac’s weekly survey. The mortgage averaged 6.15% a year ago. The mortgage averaged 5.87% a year ago. … Continue reading

Posted in Rates | Tagged , , , , , , , , , , , , , , , , | Comments Off on Mortgage Rates Drop