Category: Mortgage

Opinion Poll: Drop Mortgage Rates to Aid Housing Markets

Opinion Poll: Drop Mortgage Rates to Aid Housing Markets Slightly more than 3 out of 4 surveyed say lower mortgage interest rates would help the battered housing market, according to the latest Housing Predictor opinion poll. The online survey found the huge majority of those polled feel even lower interest rates would aid in the… Continue reading Opinion Poll: Drop Mortgage Rates to Aid Housing Markets

Housing Recovery Likely as Home Sales Rise

Applications to purchase home mortgages increased for the week marking the first rise in home sales since the federal government’s tax credit expired, indicating that a housing recovery is possible nationally as sales improve, according to the Mortgage Bankers Association. Refinancing also shot up. The Market Composite Index, a measure of mortgage loan application volume,… Continue reading Housing Recovery Likely as Home Sales Rise

Buying a Home after Foreclosure

By Lindsey Hadwin Of the millions of Americans who have lost their homes in the foreclosure crisis, many dream of buying a home again. As a result of more than 19.2-million vacant homes nationally, securing a mortgage in the future is possible in less time than ever before. Re-establishing creditworthiness can provide a key to… Continue reading Buying a Home after Foreclosure

Mortgage Rates and Home Buyers Decline

By Cheryl Reams Mortgage rates declined seven-one-hundredths of one percent this week to hover near the record low at an average of 4.72% on a 30 year fixed rate mortgage, while the number of home buyers applying for mortgages also dropped. It is unlikely rates will get lower any time soon. The number of homeowners… Continue reading Mortgage Rates and Home Buyers Decline

Mortgage Rates Barely Budge

By Cheryl Reams Mortgage rates on a conventional 30-year loan barely budged from last week, rising a slim one-hundredth of one percent to 4.79% on average, according to Freddie Mac. Applications for home loans also slowed. The 30-year fixed rate mortgage is the barometer of mortgage rates, remaining at or near its lowest level for… Continue reading Mortgage Rates Barely Budge

New Fannie Mae and Freddie Mac Mortgage Reforms

By Mike Colpitts Reacting to public outcries over the foreclosure crisis, the Federal Housing Finance Agency has released a sweeping new series of major mortgage reforms to improve the quality of home financing for the nation’s two mortgage giants, Fannie Mae and Freddie Mac. FHFA regulates Fannie Mae, Freddie Mac and the twelve federal home… Continue reading New Fannie Mae and Freddie Mac Mortgage Reforms

Mortgages Rates Drop Lower

Mortgage rates dropped this week another seven-one-hundredths of a point to an average of 4.84% down from last week on a conventional 30-year home mortgage, according to Freddie Mac. The national average was just two-one-hundredths of a point above year ago near record low interest rates. Mortgage rates have hovered at or below the 5%… Continue reading Mortgages Rates Drop Lower

Real Estate Mortgage Rates Lowest in Year as Refinances Surge

Real estate mortgage rates dropped to the lowest level in a year to below 5%, according to Freddie Mac’s mortgage market survey. A 30-year conventional rate home mortgage was just seven-one-hundredths of a point higher than a year ago driving a surge in refinances. Refinances increased to 57.7% of applications, marking more than an 8%… Continue reading Real Estate Mortgage Rates Lowest in Year as Refinances Surge

Real Estate Rewards Mortgage Rescue Program Hands Out $86 Million

By Mike Colpitts A mortgage rescue program intended to save under water mortgage holders from defaulting on mortgages has offered $86-million in real estate rewards to homeowners since launching. The private company program implemented by Loan Value Group, a New Jersey based firm has helped more than 1,000 mortgage borrowers in its first four months… Continue reading Real Estate Rewards Mortgage Rescue Program Hands Out $86 Million