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Blog entries tagged with "fixed rates":
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Good news for the real estate & mortgage industry! The Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS). This has caused interest rates on 30-year fixed rates to drop below 6.00%.
Special mortgage financing for licensed medical doctors. With the Doctor Loan program, clients will enjoy access to special mortgage pricing discounts, and the security that comes from knowing that they have a solid relationship with a trusted financial partner.
Long-Term Rates Nearly Unchanged
Supporting local business owners should be your mission. The local business person is the back bone of our economy. We get tunnel vision and forget who really runs the economy. Offering financing for this sector is crucial, not only by providing business friendly guide lines but also by asking them to … (0 comments)
As the first quarter of 2008 comes to a close, the credit crunch that began in the summer of 2007 is still raging affecting every corner of the globe. What started with the decline in value of Alt A and subprime loans, has now spilled over to include "prime" borrowers including … (0 comments)
Atlanta Home Buyers - Shopping for a Mortgage! There is more to buying a home in Atlanta that looking at pretty homes! When it comes to a home buyer shopping for a mortgage in Atlanta or anyplace across the country, most of them do not have a clue what they are … (6 comments)
Rates - Is it always best to have the lowest rate? We have been accustomed to always asking for the lowest long term fixed rate. Why would we think otherwise?
10. 30-fixed mortgage rates are at the lowest levels in 45 years.
It looks as though the ARM is going to be taking over again now that everyone has been getting the urge to get back into a fixed rate. 
In a letter sent to every US Senator, the National Association of Mortgage Professionals (NAMP) said that "... the bankruptcy cramdown provision of S 2636 (Foreclosure Prevention Act of 2008) as it is currently written, will further destabilize the economy and place consumers in even greater peril as the credit markets continue to … (0 comments)
A survey today released by Freddie Mac showed fixed rates were up from last week but down from fixed rates at this time last year. Meanwhile, adjustable rates were up from last week but considerably lower from adjustable rates at this time last year:
I know that the drive by media loves to paint with a brush the size of Texas when it comes to exposing the improprieties of predatory and unethical lenders.....but not all ARM loans are EVIL!
February 18, 2008 
How many homeowners in the United States have Adjustable Rate Mortgages that have come due? How many of these Homeowners qualify for Low Fixed Rates, most? How many of these Homeowners keep going back to the same Loan Officers who put them into this situation for help? It's time for … (1 comments)
Across America there are a record number of loan defaults and foreclosures and some blame, in part, a loan program called the Option Arm. The truth of it is these can be great tools for mortgage professionals to use with the right clients or they can be complete nightmares for … (0 comments)
After yesterday's emergency .75% rate cut by the Federal Open Market Committee (FOMC), I have received numerous calls and questions as to how low will the FED go and how low will Fixed Rates go? If you read my previous post on the FED Rate Cuts, you know that the two rates … (2 comments)
Is your adjustable-rate mortgage getting out of hand? Are changes in income creating financial stress in getting your mortgage paid? What follows are a few tips to consider before things become worse:
Call Shaun Wren @ Centric Mortgage. I can help you finance that manufactured home up to 97%. The home needs to be on 9.99 acres or less,It also needs to be at least a doublewide or larger and has to be strapped down per state codes (FHA INSPECTION IS REQUIRED). Very … (0 comments)
So, which is better, a Fixed Rate or an Adjustable Rate on your Mortgage? Why it's such an easy answer, both! Wait, no, that's not it. The real answer is neither. Nope, that's not it either. Ah-Ha, I have it, the answer is both & neither. Yep, that's it, that's the … (82 comments)
So, in trying to determine a format for creatively writing about a semi "bearing" and highly discussed topic, I came to the thought that one of my favorite childhood book characters is a lot like most of my borrowers. Therefore, I figured that she should perhaps take on a new mission … (13 comments)
SOARING house prices, rising interest rates - how to get a foot on the property ladder when the cost is way beyond the traditional two-and-a-half-times-a-salary ceiling?
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Every week, I send out an email to all local Realtors, titled, "Rate Knowledge going into the Weekend." It includes commentary on the current state of the market and mortgage interest rates and a list of rates and programs. I will also include that information here each Thursday, for anyone interested. It's a … (0 comments)
What is the best home loan? If you are uncertain about what the best home loan is many people will offer their opinion to help you decide. Friends, neighbors, co-workers and relatives will all offer different advice and help point out how to get it. Real estate professionals and loan originators … (0 comments)
As refinance activity picks up more borrowers are shunning traditional 30-year fixed rates in favor of riskier ARMs. According to data from Loan Performance, one in three homeowners refinancing today is choosing the financially riskier interest-only and payment-option ARMs.
I have been reading some good posts with some great comments over the last few days. And this post, The Value of the Buydown by John Klassen, and the comments in this post, inspired me to write this blog. The reasoning behind this is because I would like to give … (16 comments)