Mortgage Rates & Trends

Learn the best reasons to refinance The decision about whether or not to refinance seems relatively straightforward: If you have a high interest rate and current mortgage rates are lower, then getting a lower rate would seem to be a no-brainer. But a number of factors go into the refinancing deci...

If you need to refinance and you have a first and second mortgage, be sure to review the guidelines below to make sure your refinance transaction meets current underwriting requirements. Many qualified borrowers have been turned down for refinancing a second mortgage because they have a home equi...

When homeowners choose to refinance their existing first mortgage loan, they must decide when to lock in their interest rate. Submitting your loan application does not necessarily lock in your rate. With mortgage interest rates low in 2009 and many borrowers refinancing locking or floating is aga...

Mortgage Lender Sees Favorable Home Buying Opportunities Despite Expired Tax Credit Housing affordability and mortgage rates near record lows, while inventories are close to record highs Mortgage lender experienced an over 50 percent increase in purchase loans in April compared to March MILFORD, ...

Housing affordability and mortgage rates near record lows, while inventories are close to record highs Mortgage lender experienced an over 50 percent increase in purchase loans in April compared to March MILFORD, CT (May 3, 2010), Leading mortgage lender and broker Total Mortgage announced today ...

Housing affordability and mortgage rates near record lows, while inventories are close to record highs Mortgage lender experienced an over 50 percent increase in purchase loans in April compared to March MILFORD, CT (May 3, 2010), Leading mortgage lender and broker Total Mortgage announced today ...

Freddie Mac announced today that they intend on buying back an undetermined number of delinquent mortgage loans contained in securities that have previously been sold to investors. Mindful not to disclose the amount in which they will spend, Freddie Mac did reveal that the mortgage loans they ar...

Despite the current economic climate, there are a myriad of reasons to become a homeowner right now.  Interest rates and mortgage rates are historically low.  Home values may have hit their low point, as St. Louis Federal Reserve President James Bullard recently noted housing prices have "by and...

Prior to the November 30, 2009 deadline, Congress not only extended the $8,000 first-time homebuyer tax credit to June 30, 2010 - with a signed purchase agreement dated no later than April 30, 2010 - but they also implemented a new $6,500 move-up homebuyer tax credit. However, it has been some t...

Recently, many savings-minded borrowers have taken advantage of historically low mortgage rates and refinanced their mortgages. For those who are still looking to save money, Fannie Mae is set to roll out a new mortgage program in the summer that would provide incentives to borrowers with tradit...