Top Jumbo Mortgage Lenders in Fourth Quarter 2008
Most mortgage rates we see advertised are for conforming mortgages, which for sake of simplicity, are good for loan amounts up to $729,750.
But what about those of us looking for larger loans, otherwise known as jumbo mortgages? Who’s offering them and at what price?
Well, as I recently noted in an article, Return of the Jumbo, it looks as if this type of financing is making a bit of a comeback, after Read more
Today’s Mortgage Interest Rates – Friday, April 3, 2009
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Looking forward to the weekend, it's a great weekend for house shopping so let's get to the rates. Mortgage rates are still at record-low levels and offer great opportunities for home buyers and anyone interested in refinancing! Many specific factors are taken into account to determine which mortgage rate you’ll qualify for, but here are some general rates for Friday, April 3, 2009 (as of 11 pm EDT). Find our rates below – Read more
Mortgage Apps See Slight Rise, Interest Rates Move Little
Mortgage application volume seems to have peaked, despite the record low interest rates currently on offer, which also appear to have bottomed.
Home loan apps increased just three percent on a seasonally adjusted basis for the week ending March 27 after surging a week earlier, the MBA reported today.
On an unadjusted basis, the index was up 2.9 percent compared to one week earlier and 68.8 percent compared Read more
Today’s Mortgage Interest Rates – Wednesday, April 1, 2009
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It's the first day of April and spring is well on its way–and with this buyer's market, so is the rush to buy houses! Mortgage rates are still at record-low levels and offer great opportunities for home buyers and anyone interested in refinancing! Many specific factors are taken into account to determine which mortgage rate you’ll qualify for, but here are some general rates for Wednesday, April 1, 2009 (as of 5 pm EDT). Read more
Mortgage Applications Increase Due to Great Bargains on Homes and Low Rates
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Last week, the number of Americans applying for mortgages decreased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Market Composite Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending March 27, mortgage activity increased 3 percent from the previous week’s numbers. The number of consumers looking Read more
Thornburg Mortgage Bankruptcy Expected
Well, it’s looks like I can finally stop writing about Thornburg Mortgage, as the end appears to be here.
The embattled mortgage lender announced today, after a very long struggle with its financing counterparties, that it will sell its remaining assets and discontinue operations.
The counterparties, which include big banks like Credit Suisse, Chase, and UBS, to name but a few, have granted the company Read more
Today’s Mortgage Interest Rates – Tuesday, March 31, 2009
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It's the last day of March which means home selling season is fast arriving! Mortgage rates are still at record-low levels and offer great opportunities for home buyers and anyone interested in refinancing! Many specific factors are taken into account to determine which mortgage rate you’ll qualify for, but here are some general rates for Tuesday, May 31, 2009 (as of 11:30 am EDT). Find our rates below – each with their respective Read more
Lennar Offering 3.625 Percent Fixed Mortgage Rate
The battle to offer the lowest mortgage rate is in full swing, with homebuilders decidedly leading the way.
Struggling homebuilder Lennar, which is looking to dump its excess inventory, is offering a 3.625 percent (4.22% APR) “fixed “for life” mortgage on select homes, likely those in the hardest-hit areas of the country.
The offer is only good for purchase agreements written by April 23, and Read more
Mortgage Applications Surge as 30-Year Hits Record Low
Mortgage application volume surged during the week ending March 20 as the Fed made a pledge to buy up more mortgage-backed securities and treasuries, sending rates sharply lower, the MBA said today.
Home loans apps jumped 32.2 percent on a seasonally adjusted basis compared to one week earlier, 31.4 percent unadjusted, and were up 18 percent compared to the same week a year ago.
It was all about the refinances, Read more
Today’s Mortgage Interest Rates – Wednesday, March 25, 2009
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Mortgage rates are still at record-low levels and offer great opportunity for home buyers and anyone interested in refinancing! Many specific factors are taken into account to determine which mortgage rate you’ll qualify for, but here are some general rates for Wednesday, March 25, 2009 (as of 5 pm EST). Find our rates below – each with their respective loan programs. Don't forget to check out the assumptions we make for these Read more