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Selected category: Mortgages

Walking away from your mortgage is not as easy as you may think!

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Average CD rates showed upward movement this week. The average 1-year CD rate remained steady at 1.84% APY. The top rate remains at 2% APY but it is now offered by First City Bank. First City is offering a great rate but be sure to stay under FDIC insurance limits - it is rated as 0 stars according to Bauer Financial for its safety and soundness.

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The Obama administration is under increasing pressure to focus on the housing crisis. What are some of the factors that are creating this pressure?

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We've talked a lot about how the Fed's purchase of Mortgage Backed Securities has kept rates low. The chart below shows the Fed's balance sheet and how it has changes with the aggressive purchase of MBSs. In case... Read →

Tips for Choosing the Right Mortgage Company

There are many mortgage companies to choose from. How do you know which one is the right one for you?

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Four Disadvantages to Buying a Foreclosed Property

Buying a foreclosed property is one way to get a great deal. Just be sure you know about the drawbacks and problems that could happen so you can be prepared.

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Four Advantages to Hiring a New Real Estate Agent

Finding the real estate agent is the best way to get a deal on a new house. But what type of agent is better - one who is just starting out or one who has been in the business for several years. While both types of agents have their advantages, here are some advantages that a new real estate agent has over the older ones.

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The Obama Administration is considering prohibiting home foreclosures that haven't been reviewed for assistance under the HAMP program. According to Bloomberg: "The proposal, reviewed by lenders last week on a White House... Read →

The average rate on a 30-year fixed rate mortgage rose by 12 basis points from 4.93% to 5.05% according to data from Freddie Mac. The BestCashCow averages also showed a rise, with the average 30-year fixed rate mortgage moving from 5.031% to 5.042%. 30-year mortgage rates continue to dance around the 5% range.

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There is a lot of talk about mortgage rates going up soon. But what is behind the talk and how likely is it?

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The December 2009 data from the S&P Case Shiller Index shows that housing is pretty much dead in the water. It's not getting worse, but it's also not getting better. The U.S. National Home Price Index fell in the fourth quarter... Read →

These are the lengths some people will go through to get their house ready for the bank to take it back. This is a unique case involving tax liens, a family feud, and more. But in the end, this guy would rather demolish his house than let the bank have it.

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Five Ways to Boost the Value of Your Home

With the number of potential home buyers looking for new homes these days, it could be the perfect time to sell. Here are some things you can do to improve your home and increase its selling value.

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The average rate on a 30-year fixed mortgage dropped to a 10-week low, moving from 4.97% to 4.93% according to data from Freddie Mac. This differs from the BestCashCow averages where the average 30-year fixed mortgage rose from 5.015% to 5.031%. This divergence continues to reflect market uncertainty as 30-year rates vacillate around the 5% range.

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San Diego a Hotbed for Missed Mortgage Payments

The housing crisis has hit hard everywhere. Even San Diego County is not safe from the ill effects of the mortgage problems.

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Featured - 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.863% 6.750% 1.00 $3,705 $2,076 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.879% 6.750% 1.00 $4,432 $2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250% 0.75 $2,400 $2,183 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More