http://www.refinance.net/blog Mortgage, Refinancing and Home Loan News Tue, 18 Sep 2007 22:50:29 +0000 http://backend.userland.com/rss092 en The Federal Reserve's rate-setting Open Market Committee cut the target for the federal funds rate half a percentage point, to 4.75 percent. Economic growth was moderate during the first half of the year. But it's harder for consumers and corporations to get credit now, and possibly intensifying the slowdown in home ... http://www.refinance.net/blog/2007/federal-reserve-rate-cut/ 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 ... http://www.refinance.net/blog/2007/home-sales-up-in-july/ 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 ... http://www.refinance.net/blog/2007/mortgage-rates-fall-to-lowest-point-since-may/ 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 ... http://www.refinance.net/blog/2007/six-reasons-to-refinance/ 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 ... http://www.refinance.net/blog/2007/mortgage-meltdown-perfect-storm/ 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 ... http://www.refinance.net/blog/2007/free-credit-report-scams/ Elizabeth Weintraub, About.com's Guide to Home Buying / Selling says: Before you commit to a lender, ask these top 10 questions. If you don't like the answers you receive, continue shopping for a loan until you find a mortgage broker / lender with whom you feel comfortable. 1. Which Type of Loan ... http://www.refinance.net/blog/2007/must-ask-questions-for-your-mortgage-lender/ An option adjustable-rate mortgage is a complex type of hybrid mortgage originally designed for a narrow segment of people: sophisticated borrowers with inconsistent incomes. But because an option ARM has such a low initial payment, it became popular during the housing boom, with about $250 billion in option ARMs issued ... http://www.refinance.net/blog/2007/option-arms-confusing-options/ Refinancing a home mortgage may help you to either get cash and lower your monthly payment. For most, homes are the single largest asset one owns; this makes mortgage payments the largest budget expense. There are several ways to lower your monthly payment and put cash in your pocket even if ... http://www.refinance.net/blog/2007/why-refinance-home-mortgage/