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Selected category: Mortgages
Most Mortgage Rates Followed Bond Yields Higher this Week
Most mortgage rates followed bond yields higher this week. Freddie Mac today released the results of its Primary Mortgage Market Surveyî (PMMSî) in which the 30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.7 point for the week ending December 10, 2009, up from last week when it averaged 4.71 percent. Last year at this time, the 30-year FRM averaged 5.47 percent.
Read →The 30-year fixed rate loan mortgage averaged 4.71% this week, the lowest level since Freddie Mac began its weekly survey in 1991 and down from 4.78% last week. A year ago, the 30-year mortgage was 5.53%.
Read →Here is a three part article on mortgage backed securities that you will want to read before buying the complex product.
Read →Mortgage rates continue to fall according to Freddie Mac. 30-year mortgage rates matched an all-time low this week and 15-year fixed-rate mortgage rates and 5-year ARMs broke new record lows.
Read →On the heels of the Auction Rate Securities meltdown, Wells Fargo is stepping up to the plate and doing the right thing.
Read →Here are some tips you can use to help make the processing and funding of your loan a quicker and less stressful experience.
Read →Here is a look at the hugely popular Interest only loans. They are not so wonderful now.
Read →FHA Mortgage Loans Growing in Popularity in 2009
One of the big mortgage stories of the financial crisis is the growth of FHA loans as a replacement to conventional mortgage loans and as a replacement to sub-prime loans. According to data from the National Association of Realtors, FHA loans grew from 7% of mortgaqe loans in 2007 to 25% in 2008. That number has probably increased even more in 2009.
Read →The Adjustable Rate Mortgage
Far too many people make a blanket statement regarding the ever popular two year Adjustable Rate Mortgages. There is a time and a place for them in any interest rate environment; take a look.
Read →Paying Points On Your Home Loan - A Good Idea?
Hi there, welcome to part two on points, commission, fees and expenses. In this installment we talk about using points to buy down your rate on your mortgage. Crunch the numbers and do what makes financial sense.
Read →When you are cold called do feel you are being pushed, hurried? Well, you are. For a cold caller to be successful he must instill in you a sense of urgency or the call will be a futile one. Often the caller will fudge a little in order for you to act. Take a look here and see what you thing.
Read →So you are refinancing your home are you? Here is a look at adjustable rate mortgages as opposed to fixed rate loans.
Read →Whatever came of all those people jumping on the pick-a-pay mortgage loans? Here is a brief look at them and what may have gone wrong for millions of americans with these loans.
Read →The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.8 percent compared with the previous week, which included the Columbus Day holiday.
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