Tag Archives: purchase mortgages

FHA Must Charge Higher Fees To Stay Afloat

The average American is on the hook for $1300 for the Fannie Mae and the Freddie Mac bailouts. Keeping the FHA afloat has only required three billion. FHA mortgages requires smaller downpayments and lower credit scores than regular mortgages. You’d … Continue reading

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Mortgage Rates Fall Five Straight Weeks

The tsunami in Japan and the rise in oil prices has put a brake on economic growth and investment opportunities, causing more institutions to invest in mortgage backed securities, thus bidding up the price of U.S. securities and reducing their … Continue reading

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Refinance Applications Jump

From Inman News: Borrowers jumping on a dip in rates in order to refinance existing mortgages helped push loan applications up 5.1 percent for the week ending Oct. 10, even though applications for purchase mortgages were flat, the Mortgage Bankers … Continue reading

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Refinance: Getting the Big Loans

The Washington Post reports: The gears of the mortgage market are starting to unlock for borrowers needing big loans. Last week, for example, BB&T was offering 30-year, fixed-rate mortgages for a conforming loan, which is for $417,000 or less, at … Continue reading

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