Mortgage Interest Rates Reported:30-year fixed-rate mortgage averaged 3.87 percent with an average 0.8 point for the week ending February 2, 2012, down from last week when it averaged 3.98 percent. Last year at

Continue reading... Mortgage Interest Rates Fall Again to Yet Another New Record Low

1. Mortgage interest rates fall to match all time low! This morning, Freddie Mac released the results of it’s Primary...
2. Mortgage Rates Finish 2011 Near Historic Lows Freddie Mac released the results of its Primary Mortgage Market...
3. 30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent This morning Freddie Mac released its Primary Mortgage Market Survey...

Until recently, home ownership was no bargain compared to renting, according to Paul Diggle, a housing economist at Capital Economics.

Recent data from the U.S. Census Bureau and published statistics from Thomson Datastream indicate that rising rents and falling mortgages are tipping the scales towards home ownership. The median monthly mortgage payment has fallen to about

Continue reading... Mortgage Rate Update; Should you Rent or Buy a Home?

1. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
2. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be...
3. St. Louis Mortgage Rate Update; What income is required for a mortgage? What income is required to qualify for a mortgage?...

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.(click here)

Mortgage interest rates have fallen this year to historical lows

Continue reading... St. Louis Mortgage Rate Update; What income is required for a mortgage?

1. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
2. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be...
3. Mortgage Rate Update; Trends that will affect the housing market in 2012 The National Association of Realtors’ research staff recently released...

Continue reading... Mortgage Delinquences Increase in December but are Down over 25 percent from a year ago

1. Mortgage delinquency rate continues to fall in July A report released this morning by Standard & Poor’s and...
2. Mortgage delinquencies on the rise but down significantly from a year ago Mortgage delinquencies in September increased to 2.10 percent of all...
3. Home sales cool off in January; down almost 3 percent from December Dennis Norman The National Association of REALTORS Pending Home...

Continue reading... Mortgage interest rates fall to match all time low!

1. Mortgage Rates Finish 2011 Near Historic Lows Freddie Mac released the results of its Primary Mortgage Market...
2. 30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent This morning Freddie Mac released its Primary Mortgage Market Survey...
3. Home Purchase Mortgage Activity Increases Slightly; Interest rates decline to lowest rate since last year According to the Mortgage Bankers Association (MBA) weekly mortgage...

The National Association of Realtors’ research staff recently released its comprehensive annual report: Profile of Home Buyers and Sellers for 2011.

Market researcher, Paul C. Bishop, Ph. D., Vice President and Jessica Lautz, Manager of Consumer Survey Research state that they’ve identified “trends that have not been seen in the last 10 years,” which will affect

Continue reading... Mortgage Rate Update; Trends that will affect the housing market in 2012

1. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
2. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be...
3. Poll shows housing market second only to jobs in voter influence in 2012 A recent survey by Houselogic.com, a consumer website from the...

Report

Continue reading... Mortgage Rates Finish 2011 Near Historic Lows

1. 30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent This morning Freddie Mac released its Primary Mortgage Market Survey...
2. Home purchase mortgage applications decrease; interest rates on the rise According to the Mortgage Bankers Association (MBA) weekly mortgage...
3. Home purchase and refinance mortgage applications decrease even as rates drop back below 5 percent According to the Mortgage Bankers Association (MBA) weekly mortgage...

Continue reading... Hawaii homeowners have highest mortgage amounts in U.S.

1. HUD Announces Emergency Homeowners’ Loan Program The U.S. Department of Housing and Urban Development (HUD) announced...
2. Homeowners not happy with their mortgage servicers After all the bad press mortgage companies have received lately, ...
3. Mortgage interest rates dip to lowest rate this year Mortgage interest rates have hit a new low for...

An extraordinary 18 percent of Realtors have experienced contract failures in the last few months according to the National Association of Realtors (NAR). This is double the levels of a year earlier. One of the top reasons that cause these contract cancellations is credit issues. In many cases, understanding

Continue reading... Credit Score FAQ’s

1. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
2. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be...
3. FHA 203(k) financing helps buyers take advantage of as is bargains Most mortgage financing plans provide only permanent financing. That...

Highlights of the survey:

Continue reading... 30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent

1. Interest rates on 30-year fixed-rate mortgage fall below 4 percent; first time in history This morning, Freddie Mac released the results of it’s Primary...
2. Mortgage loan delinquency hits 2 year low; foreclose rate ties highest on record The Mortgage Bankers Association released the results of it’s National...
3. Home Purchase Mortgage Activity Increases Slightly; Interest rates decline to lowest rate since last year According to the Mortgage Bankers Association (MBA) weekly mortgage...