LeadPress Comments Latest LeadPress Posts LeadPress Sitewide Activity LeadPress Sitewide TagsAs most people in this country already know, rates have been hovering at or near all time historic lows for the past 18 months. This flood of low rates is akin to another kind of flood, the once every hundred years, wipe out the family farm kind of flood. Similar because just as quickly as [...]
California Mortgage Refinance
Home Owners who owe up to 25% more than the value of their home will get help from Fannie Mae and Freddie Mac. The two government agencies have been authorized to help refinance homeowners who have been left out in the cold by the depreciating housing market.
Shaun Donovan, secretary of Housing and [...]
Good Morning,
Here is the link to our Daily Update Video California Interest rates watch for 2-9-09
The correction I discussed yesterday is underway. Today and Tomorrow are HUGE auction days. The results of the auctions will determine the depth and term of the correction. Great results, could spark a rally and retest the [...]
Security = A place of your own to call home!
Investment = With each mortgage payment, you are building equity in one of your most valuable possessions.
Tax Advantage = Your real estate taxes and interest on your mortgage are deductible from your income tax.
Financial Independence = Home ownership stars more people on the road to financial [...]
Pay you loan off as quickly as possible. Time is money. There are lots of tricks to apying off your mortgage fast. I told you one on the last tip, a biweekly mortgage. A $300,000 loan at 7% over 25 years you will have a total repayment of over $640,000. [...]
Should I wait to buy or are housing prices going to drop more. Tha is the question. If you wait, what will interest rates do? Watch this video and see if it is worth it to wait. Oh ya, tax credits end April 30th, 2010.
Watch and you make the decision. [...]
FHA Increases Upfront MIP Fee: Raises Credit Score Requirement; Reduces Seller Concessions
Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending
The first step will be to raise the up-front MIP by 50 bps to 2.25% and request legislative authority to increase the maximum annual MIP that the FHA [...]
Look a pretty good day for mortgage rates. Up means better rates.
MBA or Mortgage Back Securities are at there lowest levels in 4 months. But I do not think they will hits there lows of August, due to governmental actions. However, the 10 year bond could be the difference maker. The 10 years is at it highest level since August too.
With all signs [...]