Mortgage-rates Articles

Posted on February 15   By Peter Andrew
If you are looking to purchase or refinance a home, it's important to understand how a mortgage rate lock-in can help you get the most competitive interest rate. In the broadest sense, they are designed to help you save money by locking in a favorable mortgage rate, but some of the details of these agreements can potentially cost you if you are not aware. Mortgage quotes, mortgage rates and lock-ins When you get a mortgage quote, it generally shows the rate and points (additional charges) that a.... Read More...
Posted on February 14   By MLP Blog
New, existing home sales to continue slide before bouncing back in 2008 WASHINGTON (MarketWatch) Fixed-mortgage rates are expected to rise to about 6.5% by the end of 2007, and sales of both new and existing homes are expected to slide this year, the Mortgage Bankers Association said Tuesday. In an economic forecast, the trade group estimated declines in 2007 of 7% in existing-home sales and 8% in new-home sales. Over the past year, existing-home sales have fallen by 10.7%, according to the Na.... Read More...
Posted on February 13   By MLP Blog
NEW YORK - Mortgage loan application volume fell last week and mortgage rates edged higher, an industry group said Wednesday. The Mortgage Bankers Association said its weekly mortgage index, which measures the volume of applications for loans to buy or refinance homes, fell by a seasonally adjusted 3.2 percent in the week ended March 30. The MBA's index that measures applications to borrow to buy a home fell 2 percent, while the index of refinancing applications was off 4.5 percent. A persistent.... Read More...
Posted on February 13   By MLP Blog
30- and 15-year mortgage rates haven’t been higher since October Mortgage rates moved higher this week, according to Freddie Mac’s weekly survey released on Thursday, with the 30-year and 15-year fixed-rate mortgages reaching their highest levels in more than three months. Upbeat economic news preceded the rate boost, said Frank Nothaft, Freddie Mac vice president and chief economist. “The strong 3.5% annualized growth in the economy over the final quarter of 2006 occurred whil.... Read More...
Posted on February 13   By MLP Blog
Mortgage rates dropped dramatically this week in an abrupt shift following a two-month rise. The benchmark 30-year, fixed-rate mortgage fell 11 basis points to 6.31 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.31 discount and origination points. One year ago, the mortgage .... Read More...
Posted on February 13   By MLP Blog
Home mortgage loans throughout California went into default last quarter at the highest rate in more than eight years, the DataQuick Information Systems research firm reported yesterday. Lenders sent notices of default, the first step in the foreclosure process, to 37,273 homeowners during the fourth quarter. It was a rise of nearly 37 percent from the previous quarter and an increase of 145 percent from the fourth quarter of 2005, said DataQuick analyst John Karevoll. Foreclosure sales on Calif.... Read More...
Posted on August 19   By Francine Huff
Low mortgage rates are enticing more homeowners to apply for a mortgage refinance. Mortgage loan application volume rose 13% for the week ended Aug. 13, 2010, compared with a week earlier, according to the Mortgage Bankers Association (MBA). The MBA's Refinance Index jumped 17% from the previous week. Many homeowners are jumping at the chance to refinance as the 3o-year fixed-rate mortgage has fallen to an average of 4.6% and 15-year home loans are at 3.99%. With rates so low, here are a .... Read More...
Posted on May 08   By Justin McHood
Are adjustable rate mortgages "bad"? No. No, they are not. There is nothing inherently bad about an adjustable rate mortgage -- regardless what you may have seen on the evening news recently. There are all kinds of adjustable rate mortgages: 3/1, 5/1, 7/1, 2/28 -- just to name a few. And each loan product has a different use for a different person who may be in a different situation. And generally speaking, the only time I have seen an adjustable rate mortgage be "bad" is when a homeowner g.... Read More...
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