Time To Look At Adjustable Rate Mortgages
Posted by yourmortgageplanner on Apr 20, 2010 in Featured Articles, Financial Awareness | 0 comments
Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week’s results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin.
Consider this comparison:
In April 2009, the...
Mortgage Rates The Week Of March 22, 2010
Mortgage markets closed unchanged last week, but that’s not say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off unwound the gains. Mortgage rates have been very low for a very long time — against the expectations of most market...First Time Home Buyer Tax Credit Ending Soon!!
Don’t forget that the end of the first time home buyer tax credit is in sight, and I have heard nothing about any extensions. Borrowers need to be in contract by April 30 and close by June 30. Seattle Mortgage Rates, Seattle Home Loans, Washington home loans, Washington Mortgage Rates Related articles...Updated FHA Guidelines
Federal Housing Administration (FHA) announced some lending changes. If you or someone you know is considering an FHA loan, some of these changes may affect you. Here’s a brief review of the major changes. Increased mortgage insurance – The mortgage insurance premium (referred to as private mortgage...How To Refinance When Your Home Is Underwater
Posted by yourmortgageplanner on Mar 12, 2010 in Featured Articles, Financial Awareness | 0 comments
The Federal Housing Finance Agency has extended the government’s Home Affordable Refinance Program by 12 months.
HARP’s new end date is June 30, 2011.
Originally known as Making Home Affordable, HARP aims to help homeowners refinance their mortgage who may otherwise be ineligible because of...
