New Year, Great Mortgage Rates
January 6, 2009
Bad news for the economy translates into great news for mortgage rates, which are at their lowest in years. When the economy is slow, rates are low. If you are looking to buy or refinance, the market is on your side.
Due to Low Mortgage Interest Rates, Homeowners Continue to Apply for Mortgages in Record Numbers
January 6, 2009
Undaunted by the holiday season, consumers continued to apply for mortgages in record numbers last week, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
Low Interest Rates, Low Housing Prices and Lower Down Payments - The Home Buying Stars Have Aligned!
January 6, 2009
Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about. The home buying stars have aligned, and they’re telling you to take advantage. Low interest rates, low home prices and low down payments on FHA loans are behind it!
Lower Mortgage Rates Lead to a Bona Fide Refinance Boom
January 6, 2009
Deck the halls with low mortgage rates, fa la la la la, la la, la la. Tis the season for lower mortgage rates, fa la la la la, la la, la la.
How the Fed Rate Cut Affects Mortgage Rates
January 6, 2009
This week, the Federal Reserve (the Fed) lowered the Fed Funds Rate to 0.25% - its lowest in history (and even zero in some cases). This has been like a defibrillator to the sluggish economy, shocking some life into the markets and spurring economic activity.
U.S. Mortgage Market Rebounds
January 6, 2009
A very interesting article from Forbes.com yesterday outlined how the U.S. mortgage industry is showing signs of live and recovery as a result of some of the lowest mortgage rates on record.
Mortgage Applications Continue Their Rally Due to Very Low Mortgage Rates
January 6, 2009
Americans continue refinancing their mortgages in massive numbers according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).
Federal Reserve Slashes Fed Funds Rate to Historic Low
January 6, 2009
Confronted by a continued weakening economy, the Federal Open Market Committee (FOMC, Fed) cut its target Fed Funds rate to a target range of 0 to .25 percent, its lowest level ever.
How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?
January 6, 2009
How to Get the Best Appraisal and Who to Blame for a Low Valuation. Mortgage companies and mortgage bankers actually have nothing to do with the appraisal process. Appraisals are typically handled through the title company and appraisers are often selected from a network of appraisers with which the title company is affiliated. They’re an unaffiliated third party. Often times, there’s confusion because the homeowner is informed about the cost of the appraisal by the mortgage company/banker, when actually there is no mutually beneficial relationship.
Mortgage Applications Decrease Slightly Following Thanksgiving Week Surge
January 6, 2009
Last week, the number of Americans applying for mortgages dropped from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
New Affordable Housing Announced in Saint John
January 6, 2009
SAINT JOHN, New Brunswick, January 05, 2009 — The construction of 21 new affordable housing units in Saint John was officially announced today by the Province of New Brunswick and the Government of Canada. The new units, funded under Phase III of the Canada – New Brunswick Affordable Housing Agreement, will house disabled persons, non-elderly singles and …
Pending Home Sales Suggest No Quick Recovery for Housing Market
January 6, 2009
Markets were expecting the housing market to continue struggling in the fourth quarter, but the November's decline in pending home sales was much worse than anticipated. Pending home sales, which predict actual home sales in the upcoming month, fell…(read more)
Decline in U.S. Pending Home Sales Picks Up in November
January 6, 2009
An index looking at pending home sales in the U.S. picked up its pace of decline in November, the National Association of Realtors reported on Tuesday. U.S. pending home sales fell more than expected with a 4.0% decline in November. The index now stands…(read more)
New Year, Great Mortgage Rates
January 6, 2009
Bad news for the economy translates into great news for mortgage rates, which are at their lowest in years. When the economy is slow, rates are low. If you are looking to buy or refinance, the market is on your side.
Due to Low Mortgage Interest Rates, Homeowners Continue to Apply for Mortgages in Record Numbers
January 6, 2009
Undaunted by the holiday season, consumers continued to apply for mortgages in record numbers last week, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
Low Interest Rates, Low Housing Prices and Lower Down Payments. The Home Buying Stars Have Aligned.
January 6, 2009
Quicken Loans Mortgage News. Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about. The home buying stars have aligned, and they’re telling you to take advantage. Low interest rates, low home prices and low down payments on FHA loans are behind it!
Lower Mortgage Rates Lead to a Bona Fide Refinance Boom
January 6, 2009
Deck the halls with low mortgage rates, fa la la la la, la la, la la. Tis the season for lower mortgage rates, fa la la la la, la la, la la.
How the Fed Rate Cut Affects Mortgage Rates
January 6, 2009
This week, the Federal Reserve (the Fed) lowered the Fed Funds Rate to 0.25% - its lowest in history (and even zero in some cases). This has been like a defibrillator to the sluggish economy, shocking some life into the markets and spurring economic activity.
U.S. Mortgage Market Rebounds
January 6, 2009
A very interesting article from Forbes.com yesterday outlined how the U.S. mortgage industry is showing signs of live and recovery as a result of some of the lowest mortgage rates on record.
Mortgage Applications Continue Their Rally Due to Very Low Mortgage Rates
January 6, 2009
Americans continue refinancing their mortgages in massive numbers according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).