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 [...]
Posted in Business and Finance | Tagged after, applications, back, down, mortgage, surge |
By admin on October 17, 2010
Mortgage rates came down a little this week. We are still not back down to the levels we saw two weeks ago. 30 year rates fell from 5.25 to 5.16. This is a little higher than the 5.10 we saw two weeks ago and .2 points higher than the 4.96 we saw 4 weeks ago. [...]
Posted in Business and Finance | Tagged down, mortgage, move, rates |
By admin on October 9, 2010
100% mortgages have become very popular these days. The main benefit of 100% mortgages is that the borrower will not be required to put down a deposit. This can allow people with only a small amount of savings, such as first-time buyers, the opportunity to buy a property they want. Essentially 100% of the value [...]
Posted in Business and Finance | Tagged 100, a, down, guide, mortgages, or, to, zero |
By admin on June 30, 2010
When it comes to mortgage rates, many people are very confused about all of them. This is especially true when current mortgage rates are extremely hard to predict and getting a loan for your mortgage is very difficult. While mortgage rates and interest rates are very hard to keep track of, finding yourself an adjustable [...]
Posted in Business and Finance | Tagged down, low, mortgage, on, rate, the, them |
By admin on June 24, 2010
So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable? The answer to these types of questions will vary from critic to critic, however; it seems that [...]
Posted in Business and Finance | Tagged down, foreclosure, is, mortgage, my, on, only, Option, upside |
By admin on June 3, 2010
100% mortgages are mortgages that require no deposit, means the loan-to-ratio of the mortgage is 100%. These are sometimes offered to first time buyers, but almost always carry a higher interest rate on the loan. Normally when a bank lends customer money they want to protect their money as much as possible; they do this [...]
Posted in Business and Finance | Tagged 100, down, loans, mortgage, or, understanding, zero |
By admin on May 2, 2010
Before we talk about what happened with mortgage rates this week lets do a quick recap of what happened last week. Last week mortgage interest rates made a sudden jump over the previous week. For the entire month of June and July 30 year mortgage interest rates only fluctuated from 6.09 to 6.45. Then last [...]
Posted in Business and Finance | Tagged a, down, interest, little, mortgage, nudge, rates |