home purchase: Great Interest Rate News - 30 Year Mortgage Rates Fall - 02/08/07 05:58 PM
By: Ed BrophySynergy Mortgage Interest Rates on 30 Year Fixed Mortgages fell for the first time since December 2006 due to lower than expect job growth. 30-year fixed-rate mortgages averaged 6.28 percent this week, down from 6.34 percent last week. Last week's level had been the highest for mortgages since October as (1 comments)
home purchase: Strategic Financing: The Solution to Today's Changing Market - 01/15/07 10:12 PM
Interpreting one of the main challenges of today's mortgage market isn't as difficult as it might seem. With interest rates on the rise, a lot of consumers are extremely troubled by the negative effects of increasing interest rates on their Adjustable Rate Mortgages. Each month, they are forced to watch hopelessly (0 comments)
home purchase: How Purchase Loans Are Made - A Step−By−Step Walkthrough - 01/14/07 04:48 PM
1. Pre-qualification - Lenders are encouraging buyers to get pre-qualified for a mortgage so they'll know in advance how much house they can afford. 2. Loan Search - Although buyers often use a lender recommended by their Real Estate agent, some prefer to do their own comparisons. 3. The Hunt - The buyer (0 comments)
home purchase: New Tax Deduction Will Make Housing More Affordable - 01/05/07 11:24 AM
WASHINGTON, D.C. December 9, 2006 -- A new tax deduction will make homes more affordable next year by allowing many American home buyers to write-off premiums for private and government mortgage insurance. The deduction, which will help families who can't afford the traditional 20 percent down payment for a home mortgage, (2 comments)