Mortgage rates have risen over the past week over .5% to the highest levels we have seen for 6 months. The main factor at play that has caused this has been the oversupply of money that is being pumped into the system in the form of government bond auctions.
The markets yesterday went into a selling frenzy as fear of impending inflation caused investors to flee from long term bonds, a negative for mortgage ...
Once again, adjustable mortgages or ARMs are becoming a viable option for the right homeowner. For the same points and fees as a comparable fixed rate mortgage, a homeowner can obtain a rate that is over 1% lower than a 30 year fixed rate mortgage!
That means on a $200,000 mortgage, the homeowner can save $120/ month or $7200 over 5 years! ARMs can come in many forms and if structured properly, are not ...
The Home Affordable Loan Program went into effect recently and is offering opportunities for many homeowners who have seen their home values decline.
The program allows for homeowners to borrower up to 105% of the value of their home, and if their original mortgage did not have mortgage insurance, the new mortgage will also be free of mortgage insurance! If you have a second mortgage, your total loan-to-value ratio is unlimited!
I am currently seeking guest authors who are experts in the real estate or financial planning fields. If accepted as a guest author, you will receive a prominent backlink listing as a contributing author from the home page of this website, as well as the freedom to create backlinks within your blog posts to your websites.
If you are a real estate or financial planning professional and would like to join my blogging team, ...
Jumbo mortgage rates including Colorado Jumbo Rates are showing signs of life and are starting ease down. A jumbo mortgage is any mortgage that is above the conforming loan limit of $417,000, higher in some high-cost areas. There are more and more signs that credit is easing.
The problem over the past 18 months is that jumbo mortgages, not backed by Fannie Mae or Freddie Mac, were liabilities that banks had to hold ...
