Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades.
The Mortgage Bankers Association said Wednesday the gain was fueled by a 5.7 percent increase in refinancing applications. The number of loans taken out to purchase homes edged up by less than 1 percent. The numbers are adjusted for [...]
Posts Tagged ‘homebuyers’
Mortgage applications rise 4.9 pct. on low rates
August 29th, 2010 by Mortgage Writer
Tags: borrowers, home sales, homebuyers, Mortgage Bankers Association, mortgage lenders, mortgage market, mortgage rates, tax credit
more...Lenders predict slow UK mortgage market in 2010
August 19th, 2010 by Mortgage Writer
Lenders are predicting a slow mortgage market for the rest of the year despite reporting a 5% lift in loans in July.
The total amount of money lent in new mortgages stood at £13.6bn in July, the Council of Mortgage Lenders (CML) said.
This gross mortgage lending, which includes lending to people remortgaging as well as house [...]
Tags: borrowers, home loans, homebuyers, homeowners, housing market, interest rates, mortgage brokers, mortgage lenders, mortgage lending, mortgage market
Mortgage Rates Drop to Record Lows This Week
August 9th, 2010 by Mortgage Writer
Mortgage rates for home loans in the US fell to their lowest levels ever this week, according to a survey released by Freddie Mac on Thursday.
Both 30-year and 15-year mortgage rates fell, according to the survey.
The 30-year fixed-rate fell to 4.49 percent, down from the 4.54 percent recorded last week, and the average 15-year rate [...]
Tags: financial, Freddie Mac, home loans, homebuyers, housing market, money, mortgage rates, real estate loans, tax credit
Wells Fargo and Bank of America Gains Profit as Mortgage Rates Drop
August 3rd, 2010 by Mortgage Writer
Two mortgage lenders giant, Bank of America and Wells Fargo, foresaw a very strong days on the NYSE as BofA was up 2.92% and Wells Fargo was up 2.96%. These huge profitability increase come on top of gains last week as well as both banks are in quests to boost their revenue. And the most [...]
Tags: home loans, homebuyers, housing market, interest rates, loan, mortgage brokers, mortgage lenders, mortgage loans, wells fargo
Daily Mortgage Rates
July 19th, 2010 by Mortgage Writer
Today the thirty-year fixed rate mortgage (FRM) is averaging an interest rate of about 4.50%, this is down from most of last week when the thirty-year FRM averaged at 4.625%. The current mortgage rates being offered by America’s leading mortgage servicers continue to remain around fifty-year lows.
The fifteen-year FRM is currently being advertised at about [...]
Tags: economic recovery, FHA, fixed rates, homebuyers, housing market, interest rate, lenders, loan, loans, mortgage lenders, mortgage lending, mortgage rates, mortgages, real estate
Real Estate Matters: Windfall lets 15-year mortgage work
July 18th, 2010 by Mortgage Writer
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 [...]
Tags: financial, foreclosures, homebuyers, housing market, interest rates, loans, mortgage, mortgage market, mortgage payments, mortgages, real estate, subprime mortgages, tax credit, US Economy
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
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
Advantages of Getting a Fixed Rate Term for Your Mortgage
July 3rd, 2010 by Mortgage Writer
Buying the house that you had always dreamed of is usually the culmination of a successful career. However, since you probably will secure a mortgage to have your dream house, the biggest consideration would most likely center whether you will go for a fixed rate mortgage or adjustable rate mortgage. Naturally, you would want a [...]
Tags: borrowers, financial, home loans, homebuyers, housing market, interest rates, money, mortgage loans, mortgage market, mortgage rates, real estate
What Wall Street reform means for your mortgage
June 29th, 2010 by Mortgage Writer
Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.
The new rules, which Congress is expected to vote on this week, require that financial institutions ensure that borrowers can afford [...]
Tags: borrowers, business, financial, financial crisis, home loans, homebuyers, housing market, interest rates, lenders, mortgage, Mortgage Bankers Association, mortgage lenders, mortgage payments, real estate, subprime mortgages, us consumer
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