Mortgage Rates & Trends

The federal government's effort to make mortgages more affordable has taken a severe blow in the past week as rising mortgage-bond yields have been propelled higher by surging Treasury rates. The proverbial shot has been fired over the bow of the mortgage industry, jeopardizing the federal govern...

According to a proposal announced yesterday by U.S. bank regulators, federal authorities will begin to record personal information and fingerprints of mortgage originators who secure mortgage loans for homeowners. To assist in stabilizing the turbulent housing market, Congress developed new stand...

Thinking of purchasing a condo? Purchasing a condo has recently become a great opportunity due to low mortgage interest rates. There are some great deals to be had as this segment of the market has been among the hardest hit by the by the slump in real estate values nationwide. Now may be the tim...

Relationship between Credit Score and Your Vegetables! Eat your vegetables! If you don’t eat your vegetables how can you have any desert. How can you have any desert if you do not eat your vegetables first. I Hope I didn’t lose you here. As redundant as the above statement is. We have all heard t...

I am sure you reminisced a number of times in the past ,whether to yourself in your mind, out loud, or  while talking about old times with friends and family where you found yourself and/or you heard others saying  "Ahhh  the good old days." Remember when: Bread was .25 a loaf and was delivered t...

Current Mortgage Rates Continue to Fluctuate Today, current mortgage rates are heading lower than yesterday.  Whoo hooo!!   It was announced Yesterday that June's home sales were up 11% from May.  This is a huge jump but I am not sure how reflective it may be of the current housing market.  The m...

What is Mortgage Insurance(MI)? If you are in the market for a new mortgage these days, one of the many acronyms that you will probably hear is ‘MI’. This stands for Mortgage Insurance which is an insurance policy that is typically paid through your monthly mortgage payment that is meant to prote...

In case you have not been paying attention mortgage interest rates have been up, down, way up, a little back down , way up again, a little back down. At this time it appears, MAYBE for the LAST TIME, The mortgage rates are tumbling close to their lows. I know I am starting to sound like a broken ...

Governor Jodi Rell (R-Connecticut) recently signed three mortgage relief bills to help support struggling homeowners. One of the bills specifically targets foreclosures, making foreclosure mediation a mandatory requirement for all foreclosure proceedings that began after July 1, 2009. According t...

Adjustable Rate Mortgages (ARMs) have fallen out of favor in the last 18 months or so as the fixed mortgage rates have come down to historically low levels but are making a comeback as ARM rates come back up on the fixed products. The ARM also took a beating in the press as it was lumped in with ...