mortgage rates: Gas Prices Rise, and so are mortgage rates! - 10/23/09 02:21 AM
With crude oil at its highest levels since October 2008, retail gas is up 8 cents per gallon this week.
It's bad news for home buyers and mortgage rate shoppers. The same force that's driving oil higher is linked to rising mortgage loan rates.
We're talking about the weakening U.S. Dollar which is … (3 comments)
mortgage rates: How Mortgage Rates Responded To The "No" Vote On The Bailout Bill - 10/01/08 03:38 AM
Monday afternoon, the U.S. House of Representatives defeated the $700 billion "Bailout Bill", surprising Wall Street and the world.
The Dow Jones Industrial Average responded by falling 777.68 points -- its largest one-day loss in history and, this morning, every newspaper in America is covering the story as front page news.
Lost … (1 comments)
mortgage rates: How To Lower Your Mortgage Rate Every Time The Market Dips - 09/20/08 03:10 AM
Getting a great, low mortgage rate is often a combination of luck and preparation.
Consider what happened in conforming mortgages this week:
Monday, mortgage rates plunged to their lowest levels of the year
Tuesday, they bounced back in full
Wednesday, they clicked higher by a eighth-percent
Thursday, they clicked higher by … (0 comments)
mortgage rates: To See Where Mortgage Loan Rates May Go This Week, Keep An Eye On The Weather Channel - 08/29/08 04:15 AM
Three years to the week after Hurricane Katrina caused $81.2 million in damages, Tropical Storm Gustav is charting a similar Gulf of Mexico path.
Memories of Katrina are making oil traders nervous. The 2005 storm shut down 30 platforms and 9 refineries. And, this week, oil prices are up nearly 4 percent … (0 comments)
mortgage rates: Mortgage Guidelines Get Tough For All Borrower Types -- Quickly - 08/13/08 01:47 PM
It's not your imagination -- getting approved for a home loan is becoming increasingly more difficult.
Taken from the Federal Reserve's quarterly survey of 84 banks, it illustrates the changing dynamic of mortgage guidelines.
Most notable is the steep curve for "prime" mortgages, a type of home loan given to … (0 comments)
mortgage rates: Looking Back And Looking Ahead : June 16, 2008 - 06/16/08 03:38 PM
Mortgage rates moved higher last week on lingering concerns about inflation, the fourth straight week in which rates rose.
Mortgage rates are now as high as they've been since October 2007.
Because inflation devalues mortgage bonds, market players are quick to unload them when signs of inflation are present.
Last week, there were … (0 comments)
mortgage rates: Simple Real Estate Definitions: Discount Points - 04/02/08 01:07 PM
More commonly called "points", discount points are up-front fees charged by mortgage lenders in exchange for lower mortgage rates. The cost of one point is one percent on the loan size and discount points appear on Line 802 of the HUD-1 Settlement Statement. As a general guideline, each point paid … (5 comments)
mortgage rates: Reverse Mortgages : Financing the Golden Years - 03/21/08 09:19 PM
Reverse Mortgages: Financing the Golden Years By Tiffany Taylor-Rodriguez, President Platinum Funding Irvine, Ca – Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling … (6 comments)
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With crude oil at its highest levels since October 2008, retail gas is up 8 cents per gallon this week.
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