Category Archives: Refinance News
New FHA loan limits paving the way
Effective March 6, 2008, new FHA loan limits went into effect. Within weeks, the new limits will be passed onto lenders nationwide and will cause homeowners to take a fresh look at old faithful, the FHA loan.
FHA loans on rise though mortgage activity dips
The Mortgage Bankers Association announced this morning that applications for mortgage loans, on a seasonally adjusted basis, decreased 1.9 percent last week when compared to the week prior.
The scoop on ARMs: hybrids, rates and caps
The term ARM is in the news a lot recently, yet many people don’t understand what ARMs really are. Here, we offer an explanation of how ARMs work and the different ARM options.
Mortgage activity springs to life, ARM rates dip
The Mortgage Bankers Association announced today that mortgage activity jumped last week.
How to choose the right mortgage refinance loan
According to the Mortgage Bankers Association of America, Americans refinance their home mortgage loans every four years. But how do Americans know it is time to refinance? How do they know which refinance loan to choose?
Adjustable rate mortgages (ARMs) gain popularity
Quicken Loans Chief Economist Bob Walters says with long-term rates starting to rise, the industry is seeing a resurgence of consumer interest in adjustable rate mortgages (ARMs).
Top ten tax deductions for homeowners
Attention homeowners: Your home may be brimming with tax advantages. Do you know about all the breaks you are entitled to?
Existing home sales and home prices drop
The National Association of Realtors (NAR) announced today that existing home sales decreased 0.4% in January, when compared to the previous month’s sales.
Mortgage applications drop, ARM rates fall
The Mortgage Bankers Association announced this morning that applications for mortgage loans, on a seasonally adjusted basis, decreased 22.6 percent last week when compared to the week prior.
Beware bad advice about foreclosure
very disturbing and potentially damaging trend seems to be emerging in several real estate markets across the country. People are being urged to go into foreclosure. That’s very bad advice