With 30-year home loan rates near 4.5 percent, refinancing is back in fashion.
But local mortgage reps say they are not seeing the flood of business they anticipated. » Read more…
Tag Archives: economists
Home refinancings not as numerous as expected with record low mortgage rate
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Is a Low-Down Mortgage Right for You?
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Getting a low-down mortgage can provide you with a way to purchase a home without coming up with a large amount of money upfront. While this type of mortgage can be beneficial, there are a few potential drawbacks that you will need to know about also. Here are a few things to consider about low-down mortgages and how they work. » Read more…
Time to Rethink Fannie and Freddie
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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As the White House pushed for a Wall Street overhaul this year, Republicans hammered Democrats for ignoring two of the biggest problems in American finance: Fannie Mae (FNM) and Freddie Mac (FRE). » Read more…
Mortgage rates have set another record low
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The mortgage rates have decreased for two consecutive weeks in response to the expiration of a federal tax credit. Due to the expiration of the said federal tax credit, there has also been a decline in the sales of the housing market. And as there was a decline in the sales, there was also the decline in the mortgage rates. » Read more…
U.S. properties targeted for foreclosure rose 8% in first half
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The number of U.S. properties subject to a foreclosure filing in the first half rose 8% from the same six-month period in 2009 but fell 5% from the second half of last year, RealtyTrac reported Thursday. » Read more…