Mortgage refinance applications drop, however, homeowners are still taking advantage of historically low long-term rates. What does the future hold in terms of rates?
Low Long-Term Rates Continue to Spur Refinancing
by Clayton Closson on November 30, 2005 in Market Update
Get Rid of Your Adjustable Rate Now!
by Clayton Closson on November 4, 2005 in Mortgage Rates
The Fed raised short-term interest rates for the 12th time this month. They're expected to raise it twice more. Find out why now's the time to get rid of your adjustable rate mortgage and lock into a fixed rate.
The Fed’s Rate Hikes Encourage Applications for Fixed Rate Mortgages
by Clayton Closson on October 20, 2005 in Mortgage Rates
Home purchases and refinance applications rise from the previous week. But the Fed is expected to continue raising rates. What should you do if you have an adjustable rate mortgage?
The Fed's Rate Hikes Encourage Applications for Fixed Rate Mortgages
by Clayton Closson on October 20, 2005 in Market Update
Home purchases and refinance applications rise from the previous week. But the Fed is expected to continue raising rates. What should you do if you have an adjustable rate mortgage?
Lenders Raise the Limit for Jumbo Loans
by Clayton Closson on October 14, 2005 in Mortgage Rates
Fannie Mae and Freddie Mac are expected to increase the loan limit for jumbo-sized loans. Some lenders are already allowing clients to borrow up to $400,000 with lower non-conforming interest rates. Could this mean big savings for you?
Mortgage Applications Fall As Energy Costs Soar
by Clayton Closson on October 5, 2005 in Market Update
The Mortgage Bankers Association reports that mortgage applications for the week of Sept. 30 decreased slightly. What does this mean for you if you have an adjustable rate mortgage?
In Case of Emergency
by Clayton Closson on September 16, 2005 in Homeowners Tips
Car broke down? Lost your job suddenly? Having extra money set aside for unexpected financial setbacks is something that many of us think about, but few of us actually do. Find out two ways to put money aside for that rainy day.
Mortgage Applications Increase for Week Ending September 2
by Clayton Closson on September 7, 2005 in Market Update
For the week ending September 2, mortgage applications rose 6.8%. Find out how the housing market is reacting to the drop in interest rates.
Mortgage Applications Off 0.3%
by Clayton Closson on August 4, 2005 in Home Buying
The Mortgage Bankers Association reported that mortgage applications fell by less than one percent last week. See how the Federal Reserve meeting next week could impact applications.
Rates Slide as Employment Report is Released
by Clayton Closson on June 3, 2005 in Mortgage Rates
The U.S. Department of Labor released lower than expected May employment figures this morning. As a result, the 10 year Treasury yield is nearing 40 year lows and mortgage rates are following.
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