Sometimes called a reverse annuity mortgage, a reverse mortgage is one in which the homeowner receives a lump sum or periodic payments from the bank based on the houses equity. This mortgage may or may not have a line of credit attached to it as well. When the property on the mortgage sells, or the [Read More]

ARM (or adjustable rate mortgages) as the name implies are loans where your interest rate varies. There are some instances were having an adjustable rate mortgage is very useful, and other times when its very risky for home-buying apes. If youre considering an ARM, here are some basics you should kn [Read More]

Although the average rate on a 30-year fixed rate mortgage remains above 5%, the rates dropped this week from 5.21% to 5.07%, according to mortgage giant Freddie Mac. Freddie Mac collects mortgage rates from lenders around the nation Monday through Wednesday, as the rates are closely tied in with [Read More]

A free five day mortgage modification seminar will take place on Feb 25 through March 1, 2010 at the Palm Beach County Convention Center in West Palm Beach, Palm Beach County, Florida.  The seminar will be held by the Neighborhood Assistance Corporation of America (NACA) in an effort to reach [Read More]

Mortgage giant, Freddie Mac collects mortgage rates, on a weekly basis, from lenders across the nation. Last weeks figures hit a high not seen in a couple months, setting the average rates at 5.05%! As mortgage rates are tied in closely with long-term government debt yields, the rates are rising al [Read More]

Mortgage rates on a fixed rate, 30 year mortgage inched up this week to 4.81% according to Mortgage giant, Freddie Mac who collects mortgage rate information weekly from lenders from around the nation. In an effort to keep the real estate market affordable, FED has been keeping the rates below 5%, [Read More]

Mortgage rates matched the lowest they were but experts are telling us not to expect ti to continue for the next 30-40 days. Some are saying there may even be an increase. Rates for 30-year mortgages averaged 4.78 percent last week, down from 4.83 percent the previous week and equaling the record [Read More]

Conventional 30 Yr. Fixed Rate: 5.00%* FHA 30 Yr. Fixed Rate: 5.125%** 100% USDA 30 Yr. Fixed Rate: 5.375%*** *Based on a sale price of 125K w/20% down and an APR of 5.241 **Based on a sale price of 130K w/ 3.5% down and an APR of 5.908 ***Based on a sale price & loan amount of 100K and an APR [Read More]

Daily Mortgage News We are almost at our $8,000.00 tax credit deadline. For those who would still like to recieve the tax credit you MUST close by November 30 2009.  It is a first time homebuyer tax credit and is being given to anyone who purchases a PRIMARY RESIDENCE and has not owned a prim [Read More]

The economy seems to have bottomed out in July 2009, and has grown at a little more than 3% in the second half of 2009. However, the supply of credit is still tight. Lenders have tightened their standards dramatically, so the best rates available are for those with solid credit and a 20% downpaymen [Read More]