Articles
Selected category: Mortgages
Arizona's recent rise in home sales figures represents a disturbing trend.
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Key Things to Know About Getting a Mortgage - Part I
Leader Bank's Senior Loan Officer Jim O' Malley provides some tips and insight into how to get the best possible mortgage: what your FICO score needs to be, what small mistakes can really hurt your credit score, what's happening to mortgage rates, and are banks lending. Plus he discussed real estate values and more. Parts II and III are coming shortly with additional insight and tips.
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Should You Get an Interest-Only Mortgage Loan?
There are many types of mortgages to choose from. Which one is best for you? Here is some information you should know before you choose an interest-only mortgage.
Read →Here is an update of the latest numbers from today from various sources.
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FOMC Statement - Fed to Keep Rates Low for Extended Period, To End Mortgage Security Purchases
In today's FOMC statement, the Fed did not change language saying it would keep rates low for an extended period. It also confirmed that it has reached the end of its $1.25 billion purchase of mortgage backed securities.
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Foreclosure Victims Becoming More Common
The foreclosure crisis is bad enough, but it seems even worse when you think about individuals who are being wrongly victimized.
Read →Average mortgage rates moved very little over the past week with the 30-year fixed rate mortgage moving down 2 basis points from 4.97% to 4.95%. The BestCashCow averages also dropped, with the average 30-year fixed rate mortgage moving from 5.015% to 4.964%.
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Do You Want to Get Paid for Leaving Your Home?
The Obama administration has come up with a new plan to help the mortgage crisis. What does it entail and what does it mean for you?
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Michigan Hit Hard with Mortgage Defaults
Many states are getting hit hard economically by the mortgage situation these days. Michigan is one of the hardest hit states due to the job loss and other conditions in the area.
Read →The mortgage business is going through some turmoil. Fannie Mae and Freddie Mac are looking for solutions to stop the proverbial bleeding.
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Five Reasons to Refinance Your Mortgage
Making the decision to refinance is never easy, but here are some of the advantages to refinancing your mortgage loan to help you make your decision.
Read →The average rate on a 30-year fixed rate mortgage continued to see-saw around the 5% range, dropping by 8 basis points from 5.05% to 4.97% after rising 12 basis points last week (a basis point is one one hundredth of a percent). The BestCashCow averages also dropped, with the average 30-year fixed rate mortgage moving from 5.042% to 5.015%.
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