The Freddie Macs Primary Mortgage Market Survey released last week, showed that both the long term and short-term conventional mortgage interest rates are going to suffer huge downward turns. This was forecasted before Tuesday when Federal Reserve made half point rate cut.
Drastic Move of Some Mortgage Rates
In the previous weeks Freddie Mac Primary Mortgage Market Survey, the short term mortgage rates that had been rising very sharply during the time of last few weeks suddenly fell slightly last week. Whereas the long term rates almost remained unchanged.
Economic Weakness Can Lead to Lower Mortgage Rates
So you’ve been careful with your money all these years and have always put some aside for a rainy day? Good for you! Even when the economy is weak, those who plan ahead can benefit from its downturn by taking advantage of market conditions. Even mortgages can benefit during tough economic times as rates tend to drop when weak economic data is reported. How can you as a savvy consumer benefit from this? It’s as simple as following the numbers!
Overview on Mortgage Loan
A mortgage loan is a method of using a property as security for the payment of a debt.
Availing home loan is not difficult
If you want simple and easy home loans where you can get lower mortgage rates and flexible time period to pay off the mortgage amount than fixed rate home loans are the best loan scheme you should opt for. For more about home loans, home equity, free checking, Texas bank, visit: www.gnty.com
1.25% Neg Am Loans: How Deferred Interest Mortgages is Good Home Financing
Do 1.25% interest rates really exist? Negative amortization, or “deferred interest,” describes loans that have payment adjustment caps in addition to interest rate adjustment caps. Negative amortization loans calculate two interest rates. The first is called the payment rate the second is the actual interest rate. The payment rate is typically capped at 7.5% of the previous payment. The true interest rate is calculated as simply the index plus the margin without periodic caps.
Mortgage rates are lower than last year and may help you
Some mortgage rates are lower than a year ago,and are expected to go even lower. You may be able to take advantage of new rates.
Mortgage Rates Continue to Drop, but Demand Still Low
For the fourth week consecutively, the mortgages rates eased a little more. According to the recent Primary Mortgage Market Survey by Freddie Mac, the rates for both short-term loans and long term loans have fallen by a small margin in the last week.
Don’t Let Rates Get You, Lock It
When interest rates begin to go up on mortgages, having your rate locked in can really protect you until closing.
Best Mortgage Rates and ARMs
Comprehensive research is required before entering into an ARM.
Why Credit Scores Are So Important for Mortgage Refinancing
A credit score is a rating that is also called a fico score. This rating yields a number that reflects your level risk to the creditors. The higher the score the better your credit rating. The lower your score, the bigger risk of credit you are considered. The score is generated using statistical model, that considers credit accounts from your credit report. Credit scores will determine the loan amount, interest rate, morgage terms, and in some cases the amount closing costs charged.
Is Your Credit Report Costing You Money?
Everyone needs to take advantage of the new Federal Free Annual Credit report program, and everyone means you! Why? Because the odds are about 4 to 1 against your credit report being accurate at all 3 bureaus. Thats one of the things the big three credit reporting agencies dont want you to know. And what you don’t know, can cost you tens of thousands of dollars. Here’s how to fight back.