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Selected category: Mortgages
The Mortgage Consultant
Here is part three of careers in the financial industry. This should shed enough light on the job of a mortgage person so you can make an informed choice if you are looking for a career in this arena. Good luck and happy choosing.
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Average 30-Year Mortgage Rate Rises Above 5%
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week ending October 22, 2009, up from last week when it averaged 4.92 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. So mortgage interest rates are almost 100 basis points below what they were last year.
Read →Provides an overview of the mortgage market and some analysis regarding key rates. http://www.reuters.com/article/businessNews/idUSN1612481020090916
Read →This article provides a brief overview of the Federal Housing Administration Section 203K Rehab Loan.
Read →For the first time in five years, existing home sales rose four months in a row, according to the National Association of Realtors. This is a positive sign for the real estate market and is a positive indicator that buyers are purchasing the excess inventory resulting from foreclosures and short sales. This increase in sales may eventually help ease sliding property values as well.(Source www.realtor.org)
Read →Provides potential borrowers with a brief primer on Truth In Lending Requirements and explains new regulations enacted to ensure that consumers are informed about loan related fees and costs.
Read →Not everyone needs to pay points, or should they. At the same time paying points should not outright be thrown out the window either. One needs to crunch the numbers to come up with the right answer. Happy Investing
Read →This is a very simple breakdown of what a reverse mortgage is. After reading this you should have a good idea if this is the right choice for you. Happy Reading Keith
Read →Questions that you (or your Realtor) should ask your loan officer before you sign on the dotted line.
Read →Advice to homeowners who are considering selling their homes in a strong buyers market.
Read →Many a loan was killed by an appraisal, that could have been avoided by simple communication between borrower and lender. Here are some of the things I have run up against and hopefully this will be useful to you. Happy Reading Keith
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