As I have said before and will say again, we are witnessing Historical LOW Mortgage Rates. We may never see rates this low again, or at least for a very long time. If that is not enough encouragement consider the following:
An $8,000 Tax Credit
FHA only requires 3.5% down payment
Home Values are also...
Mortgage Rates increased April 17, for a second day as MBS posted another day of losses. Week over week rates are posted a 10bp improvement. Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates.
Overall rates remain low for the time being,...
Simple!
Refinance Your Mortgage for Rate and Payment Reductions
Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. A borrower may choose to refinance to obtain a lower interest rate and a lower monthly payment, or change the...
Mortgage Rates increased today as the FNMA 30 YR MBS 4% gave up roughly 9bp. This down tick in the MBS can be attributed to the late day mini rally in the equities market as JP Morgan Chase beats estimates as it releases earnings.
Both Building Permits and Housing Starts were released today. Building...
Mortgage Rates ended the day without a change, after an early afternoon scare. Rates worsened earlier today as the FNMA 30 YR 4% MBS fell 21bp. Rates stabilized as the MBS regained its foothold to close the day where it opened. In other Real Estate news Obama’s Loan Modification program is now in...
