We are looking at refinancing this week. We have about $250,000 equity in our home on a 30-year mortgage at 6.2 percent. We are three years into the mortgage. We are in our mid-50s. We know we will stay in this home for at least seven more years. We have just come into a very [...]
Archive for the ‘mortgage’ Category
Real Estate Matters: Windfall lets 15-year mortgage work
July 18th, 2010 by Mortgage Writer
Tags: financial, foreclosures, homebuyers, housing market, interest rates, loans, mortgage, mortgage market, mortgage payments, mortgages, real estate, subprime mortgages, tax credit, US Economy
more...Mortgage Refinance Loan – Are They Easy To Find?
July 16th, 2010 by Mortgage Writer
With bad economical condition many people move to bad credit status. There are many lenders who are offering bad credit loans. If a borrower is searching for refinance loan with bad credit than it’s difficult. But yet, there are some companies who are willing to help. These loans are stress free and are the process [...]
Tags: bad credit, borrower, brokers, economic recovery, financial, foreclosure, home loans, homebuyers, loan, money, mortgage finance, mortgage loans, real estate, real estate loans
Mortgage-Bond Yield Spreads Approach Lowest Level on Record
July 14th, 2010 by Mortgage Writer
Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.03 percentage point to about 0.65 percentage point more than 10-year Treasuries as of 4:45 p.m. in New York, according to data compiled by Bloomberg. The gap reached 0.59 percentage point on March 29, two days before the Federal Reserve ended its buying of $1.25 trillion of [...]
Tags: borrowers, central bank's, fannie mae, federal reserve, home loans, jpmorgan, Mortgage Bankers Association, mortgage bonds, mortgage market, mortgage securities, tax credit
FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
July 13th, 2010 by Mortgage Writer
The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
FHFA, which has overseen the government-sponsored mortgage companies since they were placed under conservatorship in September 2008, issued 64 subpoenas seeking loan [...]
Tags: fannie mae, Federal Housing, FHA, Freddie Mac, jpmorgan, mortgage backed securities, mortgage market, subprime mortgages
Mortgage Rates Lowest in Decades Yet Sales Plummet
July 12th, 2010 by Mortgage Writer
Record breaking mortgage rates are not enough to spark the US real estate market..
Freddie Mac announced last week that the average thirty year fixed mortgage rate is down to 4.57 percent, but that was not enough to entice Americans into buying homes.
April marked the end of the federal tax break incentive and sales were greatly [...]
Tags: economic recovery, federal reserve, financial market, Freddie Mac, housing market, interest rates, money, mortgage lending, mortgage loans, mortgage rates, real estate, US Economy
Mortgage Investors Turn to State Courts for Relief
July 10th, 2010 by Mortgage Writer
INVESTORS who lost billions on boatloads of faulty mortgage securities have had a hard time holding Wall Street accountable for selling the things in the first place.
For the most part, banks have said they can’t be called out in court on any of this because they had no idea that so many of these loans [...]
Tags: borrowers, business, housing market, investors, money, mortgage lenders, mortgage lending, mortgage market, mortgage payments, mortgage securities, subprime mortgages, wall street
Bank Of America Home Loan Refinancing For A Lower Monthly Mortgage Payment
July 9th, 2010 by Mortgage Writer
Mortgage interest rates have been quite low over the past months and remain at levels where many homeowners are able to refinance for a lower mortgage rate and monthly mortgage payment. Homeowners with Bank of America, like many other homeowners with various lenders across the nation, have been able to refinance with their lender to [...]
Tags: bank of america, home loan, homeowners, housing market, interest rates, loan modifications, mortgage lenders, mortgage lending, mortgage market, mortgage payments, Obama, real estate
Freddie: 30-year fixed-rate mortgage at record low
July 8th, 2010 by Mortgage Writer
Treasury-indexed ARM rates more than a percentage point lower than a year ago
The 30-year fixed-rate mortgage has hit a record low, ticking down to an average 4.57% in week ended July 8, compared with 4.58% in the prior week, Freddie Mac reported Thursday.
To obtain the latest rate, the mortgage required payment of an average 0.7 [...]
Tags: economists, fixed rates, foreclosure, Freddie Mac, home loans, housing market, money, mortgage, mortgage rates, subprime mortgages
Signs of Improvement Are Fleeting for Mortgage Delinquencies
July 7th, 2010 by Mortgage Writer
After several months of improvement, mortgage delinquencies rose in May, according to loan data tracked by research firm LPS Applied Analytics.
Nearly 9.2% of all loans were 90 days or more past due at the end of May, up from 9% one month earlier. Those numbers exclude the share of loans in foreclosure, which remained unchanged [...]
Tags: economic recovery, FHA, financial crisis, foreclosures, Freddie Mac, home loans, housing market, investors, mortgage delinquency, mortgage payments, mortgages, real estate, tax credit
Homebuying basics: What is a mortgage
July 6th, 2010 by Mortgage Writer
There is often an assumption that everyone knows what a mortgage is. However, many first time homebuyers only have a very basic grasp of what a mortgage is and what role it plays in enabling them to buy a house. The objective of this article, therefore, is to provide a brief overview of what a [...]
Tags: bank, business, home loans, homebuyers, housing market, interest rates, investors, loan, money, mortgage payments, mortgages, secure loans, subprime mortgages
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