arms: The Option Pay Mortgage: The Next Wave - 09/13/08 06:14 PM
With option pays, borrowers have four separate payment choices every single month. Yes one month you can choose to pay interest and principle and another month partial interest, in case you wanted to live above your means. hmmm...how many did that do you think The option arm mortgage adjusts frequently, every … (5 comments)
arms: How Long Will We See Declines: Try 2011 - 09/02/08 07:14 PM
Housing Wire, one of the better blogs, has a scary article on ARM resets. Fitch is a highly respected credit rating service, similar to the work of Moody's or Standard and Poors. A rating agency providing iindependent credit opinions. According to Housing Wire, Fitch is reporting that this will not end … (7 comments)
arms: Mortgage Rates: Long Term: Mortgage Rates Plummet - 03/21/08 09:19 PM
Short-Term Rates Barely Changed .30 Fixed Rate Mortgage: Averaged 5.87 percent with an average 0.5 point for the week ending March 20, 2008, down from last week when it averaged 6.13 percent15-year Fixed Rate Mortgage: Averaged 5.27 percent with an average 0.5 point, down from last week when it averaged … (0 comments)
arms: Fixed Mortgage Rates Rise Again - 03/05/08 12:27 PM
This a little disconcerting. Mortgage rates for the thirty year fixed rate has actually gone up. This is now three consecutive weeks rates have been rising. Here are the numbers: Freddie Mac report on Fixed Rate Mortgages 30-year The 30-year fixed-rate mortgage (FRM) averaged 6.24 percent with an average 0.5 point for the … (0 comments)
arms: Foreclosures on the Rise: A Deal in the Making - 12/02/07 04:25 PM
The Wall Street Journal reports that are up 94% since last year and now may be leveling off. Whats interesting according to the article is that the default rate is down 9% from last year. Its pure speculation as to why, but realtytrak CEO james Saccacio thinks that some of the … (2 comments)
arms: News You Can Use: Mortgage Rates and Market Opportunity - 11/15/07 12:50 PM
Freddie Mac Weekly Updates The 30-year fixed-rate mortgage (FRM) averaged 6.24 percent unchanged from last week when it averaged 6.24 percent as well. Last year at this time, the 30-year FRM averaged 6.24 percent. Note: The 30 year rate has not changed since last year. The 15-year FRM this week averaged 5.88 … (0 comments)
arms: Is the Fed Really Helping Homeowners - 11/08/07 01:32 PM
Chairman Ben S. Bernanke speaks before the Joint Economic Committee, U.S. Congress on the economic outlook on November 8, 2007 Developments in Financial MarketsChair of the Federal Reserve system spoke before Congress on Nov 8 to report on the state of the economy. I read the report and Here is … (2 comments)
arms: Markets are Telling us Something - 10/24/07 11:41 AM
Stocks continued to decline today. The last big surprise was Citigroup reporting a loss of 57% of its income for the quarter. Today Merril Lynch reported a much larger than expected loss Merril Lynch increased the amount of its write-down by $2.9 billion for a total of $7.9 billion. Merrill said … (4 comments)
arms: Arm's Resets Threaten Home Owners-Help is Here - 10/10/07 12:34 PM
The problem is that many home owners that got into their property with teaser rates are now facing large monthly increase as the ARM mortgage rates reset to market rates. The Govet has begun its program for those who have good credit and were timely with mortgage payments, but now … (2 comments)
arms: News You Can Use July 25 2007 - 07/25/07 09:57 PM
Mortgage Rates Show Mixed Results This WeekThirty-Year Rate Unchanged McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent with an average 0.4 point for the week ending July 19, 2007, unchanged from last week. … (0 comments)
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With option pays, borrowers have four separate payment choices every single month. Yes one month you can choose to pay interest and principle and another month partial interest, in case you wanted to live above your means. hmmm...how many did that do you think The option arm mortgage adjusts frequently, every … (5 comments)
