Articles

Selected category: Mortgages

Four Advantages of Buying a Foreclosed Home

Foreclosed properties can be a great investment if you know how to negotiate with banks and fix up houses.

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The Obama administration has launched a new program that is designed to help homeowners in the foreclosure avoidance program. What do the new guidelines mean for you?

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Foreclosures and mortgage defaults have been a major problem in this economy. Does the decrease in defaults throughout California signal a turnaround?

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For those optimists talking up a housing recovery they might want to stop and take a deeper look into the housing crisis. Analysts at the Amherst Securities Group believe the market faces about 7 million properties that are likely to be... Read →
The Federal Reserve released its Federal Open Market Committee statement today and the most noticeable aspect was confirmation that it is winding down its purchase of mortgage backed securities. The statement says: "To provide... Read →

Four Obstacles to Getting a Mortgage

Many people have a dream of owning their own home, but they have several obstacles standing in their way. Fortunately, these obstacles can be overcome.

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After a nine month historical run up to the tune of 70% plus gains in the stock market. Let's look at seven reasons why I think the next sustained market move will be down: Home building, Debt, Commercial real estate, adjustable rate mortgages, Unemployment, Market sentiment & Corporate profits

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Mortgage Rates Continue to Drop

The Wall Street Journal reported that mortgage rates have dropped for the third consecutive week. What will this mean for the housing industry and the economy as a whole?

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After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sales before the original November deadline for the tax credit. However, prices rose from... Read →
I have a discussion with a friend of mine on whether it is better to buy a house when interest rates are low, as they are today, or high. I think the recent real estate collapse provides the answer. The conventional wisdom is that the... Read →
The average rate on a 30-year fixed mortgage dropped from 5.06% to 4.99% according to data from Freddie Mac. This is consistent with data from the BestCashCow rate tables which show average 30-year mortgage rates moving from 5.122% to... Read →

Tips for Getting a Mortgage with Bad Credit

Some people with bad credit may think they can never realize their dream of owning a home. However, with some simple tips and some dedication, you can still get a mortgage in spite of your bad credit.

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In its quarterly conference call, Wells Fargo stated that they expect interest rates to rise in the future and to rise at a potentially very fast pace. Below is a partial transcript from the conference call. Bank Analyst: just a... Read →

Explaining the Basics of Mortgage Insurance

There are two basic types of mortgage insurance - private mortgage insurance and mortgage life insurance. But do you know which one is right for your financial needs?

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Four Ways to Save Money on Closing Costs

Closing costs are often the most forgotten part of buying a house. With the following tips, however, you can save money on closing costs and put more money towards your new home.

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Featured - 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
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Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375% 0.88 $4,010 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.953% 6.875% 0.63 $2,534 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More
FHAloans.com
NMLS ID: Not a Lender
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