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- Federal Reserve Rates Cut - In A Nutshell
- Home Sales Up in July
- Mortgage Rates Fall to Lowest Point Since May
- Six Reasons to Refinance
- Homeowners Caught In Mortgage Meltdown “Perfect Storm”
- Free Credit Report Scams - What to Watch For
- Must-Ask Questions for Your Mortgage Lender
- Option ARMs - Confusing Options
- Why Refinance Your Home Mortgage?
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Home Sales Up in July
Posted at 10:01 am | Filed Under Uncategorized
Some good news…
Home Sales, Factory Orders Up in July
Friday August 24, 4:40 pm ET
By Jeannine Aversa, AP Economics Writer
Positive Commerce Department Reports Suggest Economy Was Stable Before Credit Crunch Worsened
WASHINGTON (AP) — New-home sales turned up and factory orders soared in July, suggesting the economy was on stable footing before a credit crunch took a […]
Mortgage Rates Fall to Lowest Point Since May
Posted at 11:57 am | Filed Under Uncategorized
WASHINGTON (AP) — Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent. That was down from 6.62 percent last week and was the lowest rate since the […]
Six Reasons to Refinance
Posted at 11:21 am | Filed Under Uncategorized
You want to save more
Reduce monthly payments by getting a lower mortgage rate or a longer loan term. In the second case, your monthly savings increase but you will be paying a larger amount of interest for the life of the loan.
You want to pay down your mortgage quickly
Shorten the length of your mortgage by […]
Homeowners Caught In Mortgage Meltdown “Perfect Storm”
Posted at 11:27 am | Filed Under Uncategorized
Credit Crunch Is Making It Tough To Get A Mortgage Or Refinance A Home
(CBS News) CHICAGO Carl Donovan is one of the millions of Americans caught up in the mortgage meltdown because they can’t borrow any more money.
“I don’t know how I’m going to get out of this,” he tells CBS News correspondent Cynthia Bowers. […]
Free Credit Report Scams - What to Watch For
Posted at 3:59 pm | Filed Under Uncategorized
What NOT to do:
Here Are Five Things You Should NOT Do to Obtain Your Free Credit Report:
Never follow an email link offering a free credit report.
Never utilize a search engine to find a free credit reporting company. (Imposters utilize website names that are extremely similar to the real companies.)
Never give a credit card number […]