Low Interest Rates are Going Away
In the past few weeks the market has seen average rates on 30 year mortgages rise from 4.75% to 5.27%.… [more]
Homeowner Affordability and Stability Plan – The Federal Bailout for Homeowners
The US Treasury department released new details this week on its upcoming program to encourage lenders… [more]
Housing Value Returns to March 2005 Levels
The Federal Office of Housing Enterprise released its statistics on the prices of homes nationwide. … [more]
Refinancing Articles
Low Interest Rates are Going Away
In the past few weeks the market has seen average rates on 30 year mortgages rise from 4.75% to 5.27%. That’s a jump of half a percent – a whopping 11% rise in the cost of money for a typical borrower. If you are thinking about refinancing, and missed doing it in the past couple… [Continue Reading]
Homeowner Affordability and Stability Plan – The Federal Bailout for Homeowners
The US Treasury department released new details this week on its upcoming program to encourage lenders to modify loans for homeowners. The program includes annual payments to the lenders of up to 1000 for approving the modification and additional bonuses if the homeowners are still in their home five years from now. Investors need not… [Continue Reading]
Get Your Liar’s Loan Done before 2010
One of the most devastating factors in the national collapse of confidence in the home mortgage marketplace is the pervasive fraud that infested the mortgage brokerage system. In the good old days George Bailey made home loans to his neighbors and community. He knew who he was lending to, and had a pretty solid idea… [Continue Reading]