Mortgage Rates

Mortgage Rates

Sat, 22 Nov 2008 19:00:19 -0700

Home Loan Mortgage Refinance Loan Merrill Hires Head of Mortgages and Securitization (New York Times)

by Mortgage Rates @ Sat, 22 Nov 2008 19:00:19 -0700

Merrill Lynch , battered by more than $40 billion of write-downs tied largely to mortgages, said on Tuesday it hired Michael Nierenberg from JPMorgan Chase to head its mortgage and securitization businesses. As stated earlier, FHA mortgage is a way for homebuyers to obtain financing for their homes. All home purchases require buyers to make a certain set percentage of the total purchase price, called the down payment. What the FHA mortgage insurance does therefore is to allow a homebuyer to make a modest down payment and obtain a mortgage for the balance of the purchase price....

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Fri, 21 Nov 2008 19:00:07 -0700

Mortgage Leads Mortgage Market and Rate Forecast - Week of September 1st

by Mortgage Rates @ Fri, 21 Nov 2008 19:00:07 -0700

If things are strong, it’s good for the economy (but not great for rates). Expectations are a loss of 30000; ...If you’re wanting to see an improvement in mortgage rates come Wednesday, silently root for a scary employment number! The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration....

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Fri, 21 Nov 2008 07:00:21 -0700

Refinance Home Mortgage Interest Rates Rise of the reluctant landlord - This is Money

by Mortgage Rates @ Fri, 21 Nov 2008 07:00:21 -0700

Rise of the reluctant landlordThis is Money, UK -4 minutes agoSome lenders will even leave your as it is.' If you do have to switch to a buy-to-let mortgage, rates are usually slightly higher and you normally ... While shopping around for a lender, ask each for a list of charges and costs you must pay at closing....

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Thu, 20 Nov 2008 19:00:09 -0700

Refinance Mortgage Loan Call for rural lenders to also cut interest rates (Queensland Country Life)

by Mortgage Rates @ Thu, 20 Nov 2008 19:00:09 -0700

AgForce has called on rural lenders to immediately pass on the rate cuts to Queensland producers following the Reserve Bank’s decision yesterday to lower the variable mortgage interest rates by 0.25 percentage points. Generally, the lower the interest rate, the more points the lending institution will charge....

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