House prices dropped another 2.2% in October this year, according to the Halifax, contributing to a 13.7% drop over the last 12 months. This means the average UK home now costs 168, 176 pounds, nearly 30k than exactly a year ago. House prices are now back to the level they were in October 2005, and [...]
This marks the third week in a row that mortgage rates have moved in one direction or another by more than .4 points. This is highly unusual. For some perspective for the 12 weeks from March 20th to June 5 mortgage rates held steady between 5.85 and 6.09. At this point mortgage rates are highly [...]
Endowment policies have received bad press in recent years, due to many people’s policies not maturing at the value they may have been expecting. If you have an endowment policy but are unsure about how much it is actually worth, you may want to read on. What is an Endowment Policy? Endowment policies are usually [...]
The last jumbo or proprietary reverse mortgage lender in the market just announced today that they are suspending their jumbo reverse mortgage program. Their official announcement came out at 5:00 tonight stating that any loans in their pipeline must close by November 26, 2008 or the loans would have to be changed to the government [...]