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Mortgage News – Mortgage Interest Rates Rising

On Wednesday, November 20, 2013, the Federal Reserve released the minutes of their meetings. The expert consensus is that they will wind down their bond purchasing in the “coming months”. Although several markets are supported by the Fed’s actions, interest rates are the most sensitive to the actions of the» read more…

Mortgage Basics 101 – Lesson 2

Are you just interest rate shopping for your mortgage? Sometimes the best rate isn’t the best deal for you in the long run. The interest rate is not the true cost of the mortgage. There are many layers of costs added into the pricing structure of your mortgage. Don’t just» read more…

Mortgage Basics 101 – Lesson 1

Welcome to Mortgage Basics 101—an easy-to-understand, no nonsense series of mortgage tips designed to help you make the best financial decision for you and your family.Class is now in session!Today’s topic is procrastination. As you know, procrastination can cause serious problems in our everyday lives. But when it comes to» read more…

Time may be running out for low interest rates

Government shutdown agreement, new lending rules could cause interest rates to spikeDon’t be surprised if interest rates move sharply higher in early 2014. While homeowners have enjoyed record low interest rates for almost four years, a gathering storm of new regulations coupled with the threat of another government shutdown in» read more…

Fed Surprises Markets; Interest Rates Drop

The Federal Reserve surprised world financial markets this afternoon by announcing at its monthly meeting that the Central Bank will continue its program of purchasing mortgage-backed securities and U.S. Treasuries, also known as QE3. The move triggered a rally in the bond markets and mortgage rates dropped as a result.The» read more…

HARP 2.0 Refinance program to help millions

A considerable amount of positive feedback is coming from homeowners who have refinanced through the Obama Administration’s new HARP 2.0 program. This innovative program enables homeowners to refinance their mortgage to a much lower interest rate while using a less restrictive set of underwriting guidelines. Millions of homeowners can still» read more…

What does a fixed rate mortgage mean?

We have all heard the ads about how rates are at all-time lows. It seems like the phrases “historic” and “record lows” have become the new rubber stamps when it comes to talking about interest rates these days. Mortgages have been around forever. When mortgages started, they had variable rates» read more…

Mortgage Competitors

In the wake of the subprime lending crisis, an unprecedented number of banks and mortgage brokers quickly folded their tents and exited the mortgage lending space. As mortgage rates dropped to record lows and millions of homeowners sought to refinance their mortgages, far fewer lenders were available to assist them.» read more…

Fed's message to homeowners: Time to refinance is now!

Bernanke makes bold move to ensure low interest ratesHomeowners should definitely stop and take notice—on September 13, 2012 the Federal Reserve announced that that the central bank will embark on a third round of quantitative easing (QE3) and purchase $40 billion in mortgage backed securities each month in an effort» read more…