Mortgage applications for refinancing and purchases decreased for the first time in three weeks. The trend of homeowners with adjustable-rate mortgages set to adjust refinancing to fixed-rate loans continues across the market.
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Tag Archives: Adjustable-Rate Mortgages
Fed Raises Rates for 15th Time in a Row
Fed Chairman Ben Bernanke has raised the Fed Funds rate for the 15th time in a row since the Fed began raising rates in mid-2004. Is the Fed going too far by continuing to raise rates? Does this mean a recession for the economy?
Long-Term Rates Still Drawing People to DisARM
The Federal Reserve raised rates for the 15th time in a row, indicating it might not stop there. However, people in adjustable rate mortgages are becoming even more motivated to refinance out of their ARMs and into long-term fixed-rate mortgages.
After Market-Moving Week, Move to Fixed Rate Mortgages Intensifies
Applications for home purchases decreased somewhat from last week after a heavy week of market-moving news. But despite all the economic reports that were expected to change people's reaction to the housing market, long-term rates remain steady and more people continue the move from ARMs to fixed-rate mortgages.
Fed Raises Short-Term Rates, Purchases Fall
The number of applications for home purchases fell last week, perhaps in anticipation. However, refinances remained stable. Now that the Federal Reserve raised short-term interest rates, how will the market react and what does it think the new Fed Chief will do?
Six Tips to Get Out of Credit Card Debt
2006 is almost upon us and you've racked up a significant amount of credit card debt this year. But making the payments and getting out of debt is getting harder and harder. What can you do? We've got six valuable tips for you!
Despite Decline, Housing Still Strong
Even though the housing market experienced a drop in new home sales as well as in mortgage applications for last week, housing is still going strong and long-term fixed rates are still good. What are those with adjustable rate mortgages doing about their situation?
Home Purchases Still Strong, Long-Term Rates Still Low
The Housing Starts Report was released yesterday, showing that home purchases are still strong having increased from the previous month. But can current homeowners still get low mortgage rates?
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