The HOPE NOW ALLIANCEincludes a number of counseling organizations, which consists of all HUD intermediaries that have offices across the United States. The organizations play a key role in the success of HOPE NOW, providing borrowers in-depth debt management, credit counseling and overall foreclosure counseling. Homeowner resources for at risk of foreclosure. The Hope Now website Includes an external link to NO PAWS LEFT BEHIND , a resource for pet owners that may be having difficulty taking care of their pet and need to find shelter for their pets.
Interest Rates for August 3rd, 2009
The Treasury sells bills, notes, and bonds in order to finance their activities. Treasury and MBS bonds are losing ground this morning against a rally in stocks - Traders are hopeful that this morning's improved earnings are signs of an economic recovery. Interest rates are worse this morning due to signs of a strengthening economy and large supply of bond debt . ISM numbers indicates strength in the manufacturing sector and construction spending . Mortgage rates are a little worse this morning by 0.125 to 0.250 compared to Friday afternoon.
Conforming Conventional 30Yr Fixed 5.500%
Conforming Conventional 15Yr Fixed 4.875%
Conforming Conventional 5/1 IO ARM 4.500%
FHA 30Yr Fixed 5.500%
* Above Conventional rate quotes are as of 8/03/09 on a Conventional $165,000 loan amount, primary residence at 80% loan to value, with a 720 FICO score. APR includes $1,200 in lender fees and 980 in title charges (title charges may vary). FHA Quote assumes a $125,000 loan amount and a 680 FICO score, and a 96.5% LTV. Documentation of income and assets required. No origination or discount points.