Mortgage News and Info - Interest Rates, Home Equity Loans, etc.

Monthly Archives: May 2009

The process of refinance your home

So, as we all knew, the real estate was hit all time low. House price was slashed to the lowest, since no one can afford to buy a house. Many people weren’t be able to keep up with the payment of their house. They were threatened to kick out of the house once if theyContinue Reading

Is it a better deal or what?

If i should use my va loan to buy a house now or what, or should i not use my va loan to buy a house. Would anyone know about it or what, i would like some input about it right now we are buying it on land contract. I know that my payments shouldContinue Reading

It’s a Buy Now-er’s Market

Mortgage company Freddie Mac announced a rise in the standard 30 year fixed mortgage rate. The average rate rose from 4.82% to 4.91% in a week’s time. Real estate agents and agencies continually sell the fact that it is a buyer’s market. It is a buyer’s market, that is, for those who will buy now.Continue Reading

Owner’s sale

When we lived in our first home, It is a starter home.We lived in it for five years.Then we decided to sell it. The market was tough that time.So we decided to sell it on our own.We listed it for 115,000 dollars and it sold it for 110,000 dollars.But if we do it again, IContinue Reading

According to MBA 14.2% Fall in Mortgage Applications

The Mortgage Bankers Association’s weekly survey reports a seasonally adjusted 14.2% drop in mortgage applications compared to the weeks previous. Survey results of the week ending in May 22 showed a 28.5% increase compared to 2008 results. Now, a drop of nearly 15% in applications. For prospective home buyers, this drop could mean more attainableContinue Reading

UPDATE 3-Mortgage insurer PMI looks to raise capital, shrs jump

* Looks to enhance capital * Says has sufficient liquidity to repay debt * Posts wider-than-expected Q4 loss * Q4 consolidated premiums earned $184.1 mln * Shares jump 43 percent (Adds conference-call details, updates share movement) By Anurag Kotoky BANGALORE, March 16 (Reuters) – Mortgage insurer PMI Group Inc (PMI.N: Quote, Profile, Research) said itContinue Reading