WASHINGTON – Average rates for 30-year and 15-year fixed mortgages fell to fresh lows this week. By Paul Sakuma, AP/File Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year loans ticked down to 3.83%. That’s…
Category Archives: Helpful Mortgage Articles
What The Quantitative Easing 2 Policy Means For Mortgage Rates
By now, if you follow real estate, mortgage or business news at all, you have probably heard something about the Federal Reserve’s new “quantitative easing” program, dubbed “QE2”. The Fed is charged with making sure the economy grows at a steady and sustainable pace without either high inflation (increase in purchasing power) or deflation (decrease…
What Are The Features Of An Variable Mortgage Rate?
Items Is A Fixed Rate Remortgage And Why Is It So Popular?
Small Houses And Even Smaller Mortgages
There’s a common desire held by most people, worldwide. It’s the dream of home ownership.. Unfortunately life doesn’t always work out in line with our plans. For many, our incomes and financial situations fall short of satisfying the hopes and dreams of our very own cozy nook. High existing debt levels or a low income…
Hiring A Mortgage Advisor : A Short Guide
In light of the recent housing crash and tentative economy, mortgages have never been more complicated and stringent than they are now. Those looking to purchase a home may become frustrated not only at the difficulty in obtaining a home loan, but by all of the detailed ins and outs of the contract. If the…
Mortgage Rates Have Reached Record Lows, But Does Refinancing Make Sense?
Now that mortgage rates have hit record lows, many homeowners may be struggling with the decision of whether to refinance their mortgage. Unfortunately, many people make this decision based upon the urban myth that your new rate must be at least 2% below your current rate for the endeavor to make financial sense. Like many…
Increasing Foreclosures Have Direct Effect Over Bank Owned REOs – Bulk REO Deals
With the recession looming, homeowners are in a financial bind. It is in identical areas positive and negative. Dreadful for average real estate intermediary as property acquisitions are hitting the lowest values. The people who are playing this game as investor and getting the benefits. Foreclosures end up as Bank Owned REO Properties, and finance…
1930 Bank REO’s – Buy Bulk REO
It is a matter of fact that current market position affects real estate. Fluctuations are always there in any business and similar is about real estate. The US foreclosure story goes back to early 1930’s. The Big Depression clash with United states of America with resonant collapse of the New York stock exchange Break down…
It Is Time To Begin Planning For Your Annual Home Mortgage Taxes
Whether you’ve refinanced your existing home loan or taken a second mortgage, your mortgage lender should send you a Form 1098 each year which indicates the amount of mortgage interest you’ve paid during the year. In most cases, that amount is tax-deductible on your Federal income tax return. You’ll need to itemize your deductions to…