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mortgages: Today’s Mortgage Rates Hit Record Lows - 06/25/10 03:47 PM
Today’s mortgage rates have officially hit all-time record lows according to Freddie Mac.
The average interest rate for a thirty-year fixed rate mortgage yesterday was at 4.65%, this is down from last week when the thirty-year fixed averaged 4.75%. This time last year the average rate for this type of loan was 5.42%.
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mortgages: Fannie Mae Targets Borrowers Who Walk Away - 06/24/10 02:35 PM
Fannie Mae has publicized that fresh mortgages will not be backed for 7 years if the borrower has walked away from a mortgage in the past although he or she would have been able to afford the monthly payments or even though he or she would have been able to find a first-rate faith substitute by communicating with the lender.
Even more so, they will also be suing strategic defaulters in states where these approaches are allowed in order to recover the losses they dealt with as a result of the truth that certain people have decided to walk away even … (0 comments)

mortgages: Mortgage Rates For June 7, 2010 - 06/07/10 07:21 PM
Mortgage rates continue to remain extremely low and some mortgage servicers have even lowered the average rates from last week. Today, the average rate for a traditional thirty-year fixed rate mortgage dropped down to 4.79%, down from last weeks average of 4.79%. The existing interest rate for this type of mortgage is much lower than it was the same time last year when it stood at about 5.29%.
According to Fannie Mae's Economic Outlook report, the average interest rate for a lasting thirty-year fixed mortgage could climb as high as 5.8% by the end of 2011. Anyone looking to make a … (0 comments)

mortgages: What if I can no longer afford my mortgage? - 06/03/10 07:53 PM
At this time in America we are experiencing what some people will call the "great depression 2." There are more people than ever that are struggling financially due to many different economic factors. The job market has made a huge impact on the economy with well over ten percent of American citizens either unemployed or underemployed. Other than the insanely high unemployment rate the subprime mortgage crisis has done major damage to the economy, and most importantly the life of millions of American homeowners. During the peak years when the market was so-called at its best, mortgage lenders and brokers were … (0 comments)

mortgages: Instability in Financial Markets Overseas Lowers Mortgage Rates Here - 05/28/10 05:43 PM
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending May 27, 2010, down from last week when it averaged 4.84 percent. Last year at this time, the 30-year FRM averaged 4.91 percent. The 30-year FRM has not been lower since the week ending December 3, 2009, when it averaged 4.71 percent.
The 15-year FRM this week averaged 4.21 percent with an average 0.7 point , down from last week when it averaged 4.24 percent. A year ago at … (3 comments)

 

Moe Bedard

Carlsbad, CA

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LoanSafe.org

Address: Carlsbad, Ca, 92008

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My name is Moe Bedard and I am Founder of LoanSafe.org and LoanWorkout.org. My mission is to educate consumers online about the loan and mortgage process in order to to help them make the best financial decisions. I am one of the few people on earth who place humans before profits.


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