Fixed Rate Mortgages Grow Even More Popular
As if they couldn’t get any more popular, fixed-rate mortgages grabbed even more market share during the fourth quarter, according to mortgage financier Freddie Mac’s quarterly refinance report.
An overwhelming 97 percent of prime borrowers who originally had conforming ARMs chose a fixed-rate mortgage when they refinanced, up from 85 percent a quarter earlier.
Additionally, 99.7 percent of borrowers Read more
Historically Low Mortgage Rates Go Even Lower With Points
Welcome to the latest in a new series of audio news stories from Quicken Loans Relationship Marketing Manager Mark Smith. Below, you can listen to the audio file (mp3) or if you prefer, you can read the text. If you have any topics you'd like to see covered by our audio news series, please email us at content@quickenloans.com.
Listen to the Audio file.
Intro: You’re listening to the Your Mortgage and Money Podcast, Read more
Loans for people on benefits-Cash available to combat the cash crisis even with defaults By Tracy Davison
Sometimes, salaried people have to combat the financial urgency situation such as some bills repairing a car, medical treatment and avoiding a late payment. Any regular loan will take many days if the applicant is having a blemished history of making payments in the past or he is a defaulter. However, Loans for people on benefits are instantly approved for such people as these are especially formulated for them to getting out for such crisis Read more