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Mortgage Applications Back Down After Surge

By admin on March 19, 2011

Last week a move from the federal government caused interest rates to decrease to a very low rate. Mortgage companies noticed the increase in refinances from traditional home buyers who were taking advantage of low interest rates to save cash flow ever month. One thing you have to consider when going to refinance a home [...]

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Mortgage Interest Rates Make Dramatic Rise After Bailout Passes

By admin on October 27, 2010

This week 30 year mortgage rates rose over half a point. This is the largest one week increase this year. It’s interesting that the rate increases happened after the bailout was passed by the government. Although this is not a sign the bailout will fail its not a positive sign of its future effectiveness. The [...]

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Foreclosure Help – What to Do When the Lender Comes After You

By admin on July 30, 2010

More and more people are losing their homes everyday due to foreclosure. In order to alleviate this problem, the federal government and majority of lending institutions in the country are finding ways in order to provide foreclosure help, especially to those who are in the brink of losing their homes. However, in order to receive [...]

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Mortgage Interest Rates Plummet after Fannie Mae/Freddie Mac Takeover

By admin on August 3, 2009

I have been tracking mortgage interest rates for the last few months. Its always more interesting when there are drastic changes. This week we saw some of the largest changes we have seen this year. This is of course in response to the Fannie Mae and Freddie Mac takeover. The 30 year mortgage rate dropped [...]

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