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21st September 2009
Mortgage rates fell again this week reaching a 3 month low. The 30 year mortgage rate is now lower than it was 6 months ago. It's interesting to note that rates are lower than they were ago months ago. Six months ago the rates were more newsworthy bec... Read >
Author: Robert Palmer19th August 2009
Loan Modifications and the Race Against ForeclosuresWhile there have been recent signs that the economy and real estate markets may be in the early phases of stabilizing, the foreclosure crisis appears to be rolling along unimpeded. The most recent eviden... Read >
Author: Anthony Dean13th August 2009
Although we are not seeing too much movement it looks like mortgage rates are starting to trend upward. It's interesting to note that the stock market had its strongest July in several years. Once the economy has a full recovery there are some predictio... Read >
Author: Robert Palmer01st August 2009
The 5 Year arm dropped from 4.83 to 4.74 this week reaching a low for the year. What is interesting is that we have moved back to a normal state when comparing the 4 major mortgage products to each other. Earlier this year the 5 year arm fell below the ... Read >
Author: Robert Palmer01st August 2009
What mortgage loan types are there for people who want to realize the American dream of home ownership? There are several to choose from, and there are advantages to each. The major mortgage loan types are conventional, FHA, and VA. Conventional mortgage... Read >
Author: Marcilio David28th July 2009
The economic slowdown has brought a major mortgage crisis in Orlando city too. As a result, a large inventory of Orlando Foreclosures has begun piling up. The Orlando Foreclosures are cheap – almost 10- 50% low in cost as compared to the open market and... Read >
Author: fionalivnat21st July 2009
The 30 year mortgage rate fell from 5.32 to 5.20 this week. This marks the fourth week in a row where the 30 year rate has fallen. The rate is not at the all time lows we saw earlier this year. To put it in perspective that 30 year mortgage rate is cur... Read >
Author: Robert Palmer16th July 2009
In July, 2008, Bank of America bought Countrywide Bank, a major mortgage lender. Homeowners whose mortgages were held by Countrywide heard of its plan to offer refinancing or loan modifications to help homeowners struggling to pay their monthly mortgage.... Read >
Author: Lindsy Emery16th July 2009
About 15 protests were held across the country by ACORN, a community group, to call attention to the sluggish progress of the Obama Administrtion’s $75 billion repossession houses prevention program, dubbed Making Home Affordable.Some major mortgage ins... Read >
Author: JosephSmithJr10th July 2009
After falling from 5.59 to 5.38 the previous week it looks like mortgage rates for the most part held steady this week. Of the four major mortgage products two fell and two rose. But for all four the movement was minimal. Thirty year mortgage rates ros... Read >
Author: Robert Palmer01st July 2009
So for the previous two weeks we saw sizable gains in mortgage rates. Between May 28th and June 11th 30 year mortgage rates jumped from 4.91 to 5.59. This week we saw rates drop down to 5.38. Although we are still above what we were at two weeks ago it... Read >
Author: Robert Palmer09th June 2009
There was not much movement in most of the major mortgage products this week. The 30 year rate dropped from 4.86 to 4.82. This is only slightly above the 4.78 all time low that was reached a few weeks ago. The 15 year rate dropped from 4.52 to 4.50. T... Read >
Author: Robert Palmer29th May 2009
After moving down for the last 3 weeks mortgage rates finally started to move up. The 30 year rate jumped from 4.78 (equaling the all time low) to 4.84. This is the highest the 30 year rate has been since April 9th. The other 3 major mortgage rates ro... Read >
Author: Robert Palmer12th May 2009
The 30 year mortgage rate hit its all time low this week falling from 4.80 to 4.78. This matches the previous all time low that was reached just a few weeks ago on April 2, 2009. For the last month mortgage rates have been hovering a little below 5 perc... Read >
Author: Robert Palmer08th May 2009
One of the major hurdles stopping many prospective home buyers from taking the plunge into the market right now is fear of finding themselves unemployed and unable to make their mortgage payments. That's where mortgage payment protection plans are coming ... Read >
Author: Move Trends05th May 2009
Mortgage rates dropped this week from 4.87 to 4.82. They did not drop below the all time low of 4.78 that they hit two weeks ago. For the last month, for the most part, we have not seen a lot of movement and instead have just seen the 30 year mortgage r... Read >
Author: Robert Palmer09th April 2009
Following the release of the government's plan to buy toxic debt from banks mortgage rates fell to new all time lows. The 30 year rate fell from 4.98 to 4.85 this week. This is .11 points below the previous all time low of 4.96 that was reached on Janua... Read >
Author: Robert Palmer09th April 2009
30 year mortgage rates dropped below 5% for the second time this year. It was also the second lowest rates posted by Freddie Mac in the last 40 years (the lowest being 4 weeks ago). Rates hit 4.98 this week close to the all time low of 4.96 that was rea... Read >
Author: Robert Palmer26th March 2009
30 Year Mortgage Rates dropped from 5.15 to 5.03. With the exception of the weeks of January 8th, 2009 and January 15th 2009 this is the lowest rates have been in over 40 years. The other 3 major mortgage products dropped as well with 15 year arms movin... Read >
Author: Robert Palmer17th March 2009
Mortgage Rates moved up slightly this week. The 30 year rate moved up the most going from 5.07 to 5.15. The other three major mortgage products (15 year fixed, 5 year ARM and 1 year ARM) all moved up less the .05 points. What is interesting is this mak... Read >
Author: Robert Palmer02nd February 2009
All good things must come to an end. After 12 weeks of falling rates interest rates went up this week. The 30 year rate went back above 5 jumping from 4.96 to 5.12. Below are rates from the last few weeks and October 30 which was when rates first start... Read >
Author: Robert Palmer02nd February 2009
New figures released today by a major mortgage sector body have revealed the stark reality of the downturn in housing market. The Council of Mortgage Lenders' analysis shows that lending dropped 30% in 2008, which is extremely worrying news for everyone i... Read >
Author: Darell Joyce02nd February 2009
New figures released today by a major mortgage sector body have revealed the stark reality of the downturn in housing market. The Council of Mortgage Lenders' analysis shows that lending dropped 30% in 2008, which is extremely worrying news for everyone i... Read >
Author: Darell Joyce02nd February 2009
I have been tracking mortgage interest rates for the last few months. Its always more interesting when there are drastic changes. This week we saw some of the largest changes we have seen this year. This is of course in response to the Fannie Mae and F... Read >
Author: Ki Gray30th January 2009
A new proposal to help Americans struggling with mortgage debt overcome their problem has gained the support of baking giant Citigroup. This move, a legal reform initiated by US lawmakers dubbed “cramdown”, would result in courts wiping out mortgage d... Read >
Author: Musa Aliyu30th January 2009
A new proposal to help Americans struggling with mortgage debt overcome their problem has gained the support of baking giant Citigroup. This move, a legal reform initiated by US lawmakers dubbed “cramdown”, would result in courts wiping out mortgage d... Read >
Author: Musa Aliyu08th December 2008
The UK’s biggest building society has announced on Thursday it will pass on the full one percentage point cut for existing tracker customers. RBS/Natwest also said on Friday that they would be cutting their mortgages by 0.75 of a percentage point. The g... Read >
Author: cborthwick905th December 2008
For the month of October we saw rates bouncing up and down pretty wildly. For the month of November we have not seen any large one week changes but a steady trend downward. The 30 year mortgage rate has moved down for the last 4 weeks. For the most par... Read >
Author: Robert Palmer02nd December 2008
The financial markets hit some choppy waters this week. With successive drops of 427 and 445 points the Dow ended down substantially for the week.
For some positive news this marks the third week in a row where mortgage interest rates went down. Th... Read >
Author: Robert Palmer01st December 2008
Mortgage rates for most of the major mortgage products fell again this week. Although the drop was not as substantial as last week it is still nice to see rates come down this week. The 30 year mortgage rate fell from 6.20 to 6.14. The small movement t... Read >
Author: Robert Palmer30th November 2008
These days mortgage institutions have become very popular but during the olden days incase if anyone wanted to have a home loan then they would just walk down looking in for a near by bank or savings and loan. Then in such a case if the bank had some of t... Read >
Author: shijinaseo30th November 2008
The Fed cut the fed funds rate at the end of October. The rate was dropped from 1.5% to 1%. This is the lowest the rate has been since 2003. Following the cut we saw drops in all the major mortgage products. The 30 year dropped from 6.46 to 6.2. The... Read >
Author: Robert Palmer30th November 2008
These days mortgage institutions have become very popular but during the olden days incase if anyone wanted to have a home loan then they would just walk down looking in for a near by bank or savings and loan. Then in such a case if the bank had some of t... Read >
Author: shijinaseo29th October 2008
For the second week in a row mortgage rates have fallen. For those that don't read my updates regularly I wanted to give a short background on what rates have been doing. From the end of April to the beginning of June 30 year mortgage rates hovered arou... Read >
Author: Ki Gray23rd October 2008
Mortgage interest rates moved down this week. 30 Year rates feel back below 6 dropping from 6.10 last week to 5.94. 15 Year rates all fell quite a bit going from 5.78 last week to 5.63 this week. Below are rates for the major mortgage products for the ... Read >
Author: Robert Palmer14th October 2008
Before we talk about what happened with mortgage rates this week lets do a quick recap of what happened last week. Last week mortgage interest rates made a sudden jump over the previous week. For the entire month of June and July 30 year mortgage inter... Read >
Author: Ki Gray02nd October 2008
If you have been hoping interest rates would drop your prayers have been answered. Interest rates plummeted over half a point last week falling from 6.35 to 5.78. The last time mortgage interest rates fell this fast this quickly was the beginning of 199... Read >
Author: Robert Palmer22nd September 2008
I have been tracking mortgage interest rates for the last few months. Its always more interesting when there are drastic changes. This week we saw some of the largest changes we have seen this year. This is of course in response to the Fannie Mae and F... Read >
Author: Robert Palmer15th September 2008
This was the sixth week in a row were 30 Year mortgage rates fell or held steady. In the last 6 weeks 30 year notes have fallen from 6.63 to 6.35. This was preceded by a sudden jump in interest rates in July where 30 year mortgage interest rates rose fr... Read >
Author: Robert Palmer10th September 2008
Mortgage interest rates moved down again this week. This marks the fifth week in a row where 30 Year mortgage rates have either fallen or held steady. This is of course good news for people looking to buy a house. This is also good news for the real es... Read >
Author: Robert Palmer05th September 2008
For the second week in a row mortgage rates have fallen. For those that don't read my updates regularly I wanted to give a short background on what rates have been doing. From the end of April to the beginning of June 30 year mortgage rates hovered arou... Read >
Author: Ki Gray05th September 2008
So what has been going on in the world of finance and mortgages? Certainly the biggest news was the fall of IndyMac. Last week we heard that IndyMac had stopped giving out new mortgage loans and was going to concentrate on simply servicing the existing ... Read >
Author: Ki Gray03rd September 2008
Mortgage interest rates were virtually unchanged this week. The 30 Year rate stayed even at 6.52. The 15 year rate moved up a little from 6.07 to 6.10 and the 5 year arm moved down from 6.07 to 6.05. The only rate that moved much was the one year are w... Read >
Author: Robert Palmer02nd September 2008
Before we talk about what happened with mortgage rates this week lets do a quick recap of what happened last week. Last week mortgage interest rates made a sudden jump over the previous week. For the entire month of June and July 30 year mortgage inter... Read >
Author: Robert Palmer14th August 2008
For the second week in a row mortgage rates have fallen. For those that don't read my updates regularly I wanted to give a short background on what rates have been doing. From the end of April to the beginning of June 30 year mortgage rates hovered arou... Read >
Author: Robert Palmer29th July 2008
So what has been going on in the world of finance and mortgages? Certainly the biggest news was the fall of IndyMac. Last week we heard that IndyMac had stopped giving out new mortgage loans and was going to concentrate on simply servicing the existing ... Read >
Author: Robert Palmer02nd July 2008
Although the cost of fixing a mortgage has jumped up considerably throughout 2008, Brits would still rather choose a fixed rate mortgage deal over a variable rate in order to gain some financial stability from knowing how much their mortgage payments woul... Read >
Author: Daniel Collins30th June 2008
Two reports from Reuters in London shed further light on the ever-unravelling state of the mortgage market in the UK.
"The credit crunch has resulted in a gap in the availability of mortgage credit relative to demand,” said Jim Cunningham, senior ec... Read >
Author: Monica06th May 2008
Many best Mortgages specialists can assist you locate the very satisfying loan to finance your residential needs and negotiate you the best rate. It is time you rested from those fruitless efforts you have put over years with lenders that do not deliver r... Read >
Author: Poly Muthumbi03rd April 2008
Over the last 2 weeks there have been more and more lenders either increasing their mortgage rates or, even worse for consumers, withdrawing their most competitive mortgage deals altogether.
Some lenders have started to increase mortgage rates by over ... Read >
Author: SimonDuffy03rd April 2008
Over the last 2 weeks there have been more and more lenders either increasing their mortgage rates or, even worse for consumers, withdrawing their most competitive mortgage deals altogether.
Some lenders have started to increase mortgage rates by ove... Read >
Author: SimonDuffy19th January 2008
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures... Read >
Author: devtony822nd October 2007
Unless you’ve been abroad or sleeping for the past couple of weeks, you’ll be aware of the mire in which major mortgage lender Northern Rock are in. The panic started after news of their approach to the Bank of England to secure loan funding surfaced,... Read >
Author: Andrew Regan05th July 2007
With booming real estate markets, greater lending competition and high consumer confidence, there has never been a better time to purchase your dream home and, by doing your homework before taking on a mortgage, you can get a better value investment for y... Read >
Author: Salieri29th March 2007
Are you making any of these 3 costly mistakes most people make with their finances? Take a look below and then find out how you can bank on yourself to bullet-proof your financial plan�
Mistake #1: Thinking "diversification" in your investments and... Read >
27th March 2007
Last Wednesday was a difficult day at the stock market. Behold a lesser mirror image of Wall Street market in the States; wrecking the bank shares, and feeding the speculation about upcoming inflation, the index of FTSE 100 stocks dramatically dropped by... Read >
Author: -ddd-16th November 2006
The population of Britain is renowned across Europe as a nation of fanatical home owners. While members of other countries are content to rent their home rather than take on the burden of actual ownership and long-term financial debt, people in the UK se... Read >
Author: sam lowe21st March 2006
Copyright 2006 Tracey Anderson
There are far more players in the Australian mortgage industry than ever before. Consumers no longer have to visit multiple banks and direct lenders personally, spending valuable time trying to sort through all the financ... Read >
Author: Tracey Anderson
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