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 [...]
Posts Tagged ‘lenders’
Daily Mortgage Rates
July 19th, 2010 by Mortgage Writer
Tags: economic recovery, FHA, fixed rates, homebuyers, housing market, interest rate, lenders, loan, loans, mortgage lenders, mortgage lending, mortgage rates, mortgages, real estate
more...Wells Fargo Homeowners Refinance For Lower Mortgage Interest Rate–Will A Lower Mortgage Payment Follow?
July 5th, 2010 by Mortgage Writer
Homeowners with lenders like Wells Fargo have been able to refinance for a lower mortgage interest rate, as rates have remained quite low over the past months. Homeowners have sought a lower monthly mortgage payment also, and for many who refinanced and got a lower interest rate on their home loan, a lower mortgage payment [...]
Tags: financial crisis, home loans, homeowners, lenders, loan, money, mortgage market, mortgage payments, mortgage rates, real estate, tax credit, us interest rates, wells fargo
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
Private Lenders to Keep 5 Percent of Risk Under New U.S. Rules
June 25th, 2010 by Mortgage Writer
Private lenders will be required to keep at least a 5 percent stake in loans they package and sell under an agreement reached by House and Senate lawmakers who are negotiating the financial-regulatory bill.
Lawmakers said the goal of the risk retention rule, also known as the skin-in-the-game provision, is to raise the quality of loans [...]
Tags: brokers, credit card, housing market, interest rates, lenders, loans, mortgage market, mortgage payments, mortgages, regulators, subprime mortgage, wall street
Mortgage rates rise slightly but remain near record lows
June 18th, 2010 by Mortgage Writer
Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
Mortgage rates rose slightly but remained near record lows this week after lenders reported the first increase in six weeks in the number of loan applications by would-be home buyers. But for the housing market, [...]
Tags: borrowers, financial, Freddie Mac, home loans, homebuyers, housing market, lenders, mortgage banker, mortgage lending, mortgage rates, real estate, tax credit
Wells Fargo Mortgage Modification Options For Lower Mortgage Payments
June 15th, 2010 by Mortgage Writer
Wells Fargo homeowners may be able to obtain a mortgage modification in order to get a lower mortgage payment on their home. Many homeowners need a lower home loan payment in order to make ends meet since various individuals are still struggling financially due to a variety of economic factors.
Homeowners have been seeking home loan [...]
Tags: foreclosures, home loans, homeowners, lenders, mortgage modification, Obama administration
Mortgage loan modification and credit scores
May 24th, 2010 by Mortgage Writer
A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.
Homeowners struggling to make their house payments may seek a mortgage loan modification in hopes of avoiding foreclosure and protecting their credit score. However, loan modifications also take a toll on those scores.
In theory, a loan modification should be a mutually acceptable solution [...]
Tags: borrowers, credit, economy, financial, foreclosures, homeowners, investors, lenders, mortgage debt, mortgage loans, mortgage payments, US Economy
Mortgage lending: tight for some
May 5th, 2010 by Mortgage Writer
Today’s figures from the Bank of England show that mortgage lending is still very depressed. In March net mortgage lending, at a mere £318m, was actually lower than unsecured lending (£325m). This is only the fourth month this has happened since records began in 1993. In 2006-07, mortgage lending averaged £9.13bn a month, eight times [...]
Tags: Bank of England, economy, financial, global economy, home loans, homebuyers, lenders, money, mortgage, mortgage lending
Mortgage rates rise to 4.94%, Freddie Mac says
December 17th, 2009 by Mortgage Writer
The rate for the week ended today increased to 4.94% from 4.81%. It set a record low 4.71% in the week ended Dec. 3. The average 15-year rate was 4.38%, the McLean, Virginia-based company said today in a statement.
“We’re probably seeing a bottoming process in the mortgage rates,” said George Mokrzan, senior economist at Huntington [...]
Tags: fannie mae, Freddie Mac, Ginnie Mae, home loans, lenders, mortgage, mortgage rates, National Bank in Columbus, The Mortgage Bankers Association
Mortgage lending up by 20%
December 15th, 2009 by Mortgage Writer
Mortgage lending has increased but repossessions are also back on the up, according to new data released today by the FSA.
New loans being issued totalled £40 billion in the three months up to September 2009, an increase of 20 per cent on the previous quarter, the FSA’s statistic reveal.
However, this was still lower than the [...]
Tags: borrowers, homeowners, lenders, loans, mortgage, mortgage lenders, mortgage lending
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