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Admin
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January 28, 2016 at 11:14 AM
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By:
Admin
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Mortgage Refinance
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A lot of people ask whether a 15 or 30 year mortgage is best and we’re here today to share some important facts about each mortgage type.
Once you’ve learned the definition of each mortgage, you’ll be able to compare and contrast them more effectively. We hope to empower you as a borrower by giving you the ability to choose the mortgage which is just right for your own particular financial picture.
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July 25, 2013 at 5:52 PM
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By:
Admin
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Mortgage News
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The market for previously owned homes has made one heck of a transition in recent months. In many locations around the nation, the local real estate market has turned in favor of sellers. This has been created in part because of the shortage of homes.
Furthermore, despite mortgage interest rates that are still relatively low, more and more sale transactions—30% in June, have been all-cash, according to the latest data released by the California-based real estate data firm RealtyTrac.
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May 01, 2013 at 11:55 PM
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By:
Admin
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Mortgage Rates
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Home Mortgage Applications rose last week driven by high demand for mortgage refinance as interest rates dropped, industry data showed on Wednesday.
The Mortgage Bankers Association (MBA) reported its seasonally adjusted index of mortgage application activity, which includes both refinancing and home buying demand, increased 1.8 percent in the week ending April 26.
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April 25, 2013 at 1:56 PM
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By:
Admin
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Mortgage Refinance
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The 15-year fixed rate mortgage fell to 2.61% today, down from 2.64% last week. These low interest rates haven’t been seen since Nov 2012. Freddie Mac released its rates update today showing national rates dropping on a continued slide, across the board. For four weeks in a row, the most popular, 30-year fixed rate mortgage is on a decline, falling a one basis point to 3.40%.
Variable mortgage rates were also down, 5/1 ARMs being the biggest winner loosing 2 basis points down to 2.58% and one-year ARMs lost a single point to reach 2.62%.
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April 24, 2013 at 1:20 AM
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By:
Admin
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Mortgage Refinance
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Mortgage applications for U.S. homes increased last week for 3rd week in a row, helped by renewed demand for refinancing, data from an industry group showed on Wednesday.
The Mortgage Bankers Association (MBAs) reports its seasonally adjusted mortgage application activity index, which includes both mortgage refinancing and home buying demand, was up 5 percent in the week ended April 19. The number of home purchases increased by 3.9 percent to reach the highest levels since May of 2010, while the refinance index increased by 5.2 percent.
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November 02, 2012 at 2:49 PM
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By:
Admin
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Mortgage News
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This infographic compares the 2012 Presidential candidates where they stand on the Financial Industry and who is more likely to turn the Real-Estate around for the benefit of the taxpayers. Facts show that Obama has made a lot more effort to jump start Mortgage and increase Real-Estate sales whereas Romney relies on faith that the market will re-adjust itself and the only action needed is to sell 200,000 vacant foreclosed homes owned by the government.
Obama's QE3 program if applied and run properly should guide the real-estate market back in gear as soon as the Federal government starts making profit on their MBS investment.
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October 24, 2012 at 4:19 PM
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By:
Admin
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Mortgage News
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The Federal Reserve, Central Bank of United States launched a QE3 (Quantitative Easing 3) Program in effort to repair the broken mortgage industry. QE3 will buy $40 Billion dollars worth of MBS (Mortgage-Backed Securities) each month hoping to lower mortgage interest rates and motivate mortgage banks to lend more money.
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Full Coverage|
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August 23, 2011 at 9:15 PM
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By:
Admin
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Personal Finance
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For thise seeking stable monthly housing expenses, tax savings and long-term investment, homeownership has many advantages. For those who need to move frequently or cringe at the thought of lawn work, renting may be the best option. Markets will move up anddown in the short term, but real estate has consistenly appreciated over time.
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Full Coverage|
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