15-Year Mortgage Rate Falls Again: Can It Go Any Lower?
Wednesday, March 16th, 2011The average interest rate for a 15-year fixed-rate mortgage hit a new historic low on Friday — 4.20 percent, down slightly from 4.21 last week. The last time the 15-year rate was that low was August 1991, when Freddie Mac began its weekly survey.
Factors and Variables Influencing Mortgage Finance
Wednesday, March 16th, 2011Properties are secured under mortgage to oblige the borrower to make a predetermined succession of loan payments. A borrower can obtain mortgage finance to from a financial institution like banks. Components like loan size, loan maturity, interest rate and loan payment method differs significantly from one creditor to another.
Reverse Mortgage: Late on taxes? Face foreclosure
Wednesday, March 16th, 2011The Federal Housing Administration, also known as the FHA, may be toughening up their stance on seniors with a reverse mortgage who fail to pay their local property tax or hazard insurance premiums.
Avoiding Mortgage Scams
Wednesday, March 16th, 2011The FBI arrested more than one thousand people in a mortgage fraud crackdown last week. And though the government is doing what it can to crack down on fraud, consumers applying for a mortgage or looking for help avoiding foreclosure still need to be cautious.
What Wall Street reform means for your mortgage
Wednesday, March 16th, 2011Predatory 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.
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