Mortgage home loan answers
Learn about mortgage home loans and rates.
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Everett Mortgage Home Loan Refinance
Posted on September 26th, 2011 No comments
Everett Mortgage Home Loan Refinance
Thinking of a home loan refinance? Better do it quick. The baseline 30 year fixed mortgage averaged 5.05% up from 4.94% last week. And that is still slightly lower than a year ago when it was 5.14%. If you are thinking of a 15 year fixed home loan refinance that is still very attractive at 4.45% compared to 4.91% from last year.
The Federal Reserve Board market consensus called for no increases in the immediate future.
The best deals were still in the FHA mortgage 5/1 ARM’s. They averaged 4.4% up from 4.37% last week but still more than a full point below the last years rate of 5.49%.
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All the above rates are predicated on conforming loan amounts with a LTV (loan to value) of 80% or less. Remember that pricing adjustments may increase or lower your rate or cost that you actually receive. Consult a reputable mortgage broker for an estimate. Also California jumbo rates are usually a full point higher.
Now my crystal ball predictions for the end of 2010. Mortgage rates hit an all time low just last month. By the end of 2010 they will be at or above 6% for a baseline 30 year fixed mortgage. A home loan refinance will get harder too. New disclosure rules that are bound to confuse borrowers even more than they are now go into effect January 1, 2010.
Why am I saying California mortgage rates will be at least 6% next year end? Because the Fed is slated to stop buying MBS (mortgage backed securities) by the end of March 2010. That will cause illiquidity in the secondary market and make mortgage loans much harder to get.
So now is the time for that home loan refinance.
Everett-mortgage-on-line
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TexasLending.com to Discuss How to Get Home Loans Closed Quickly on KLIF AM Radio
Posted on September 23rd, 2011 No comments
TexasLending.com to Discuss How to Get Home Loans Closed Quickly on KLIF AM RadioDallas, TX (PRWEB) August 20, 2011
Kevin Miller of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas reverse mortgages, will discuss the importance of applying now for a mortgage this week on his weekend radio show. In Dallas/Fort Worth the show can be heard Saturday on AM 570 KLIF from 1:00 p.m. to 2:00 p.m.
“The industry is backed up with home loan applications and the longer you wait to refinance the better chance there is for you to miss out on the current low rates. Mortgage industry staffing is down 60% from its highs of 2003 and with the low rate environment applications will double with no increases in bonding staffing. We will discuss how to get your lent closed quickly in this market” commented Kevin Miller.
TexasLending.com has been on the air for over 10 years to educate the consumer about home loans in Texas. Listen in each week as the CEO of TexasLending.com, Kevin Miller, and his co-hosts, discuss the behind the scenes information about the mortgage industry that will help you in made an informed decision about your home loan now and in the future.
About TexasLending.com:
TexasLending.com provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, home purchase loans, refinance loans, and reverse mortgages. To find out more about Texas Lending’s home loan and mortgage programs, visit http://www.TexasLending.com.###
©Copyright 1997-
, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC. -
TexasLending.com to Discuss Rise in Mortgage Rates on KLIF AM Radio
Posted on September 21st, 2011 No comments
TexasLending.com to Discuss Rise in Mortgage Rates on KLIF AM RadioDallas, TX (PRWEB) September 17, 2011
Kevin Miller of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas reverse mortgages, will discuss this week’s rise in mortgage rates on his weekend radio show. In Dallas/Fort Worth the show can be heard Saturday on AM 570 KLIF from 1:00 p.m. to 2:00 p.m.
“With this week’s rise in mortgage ratting, applying now may save people the distress of missing the lowest rates in record,“ commented Kevin Miller.
TexasLending.com has been on the air for over 10 years to educate the consumer about home loans in Texas. Listen in each week as the CEO of TexasLending.com, Kevin Miller, and his co-host, discuss the behind the scenes information about the mortgage industry that will help you in making an informed decision about your home loan now and in the future.
About TexasLending.com:
TexasLending.com provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, refinance loans, reverse mortgages, Dallas home loans, Houston home loans and Austin home loans. To find out more about Texas Lending’s home loan and mortgage programs, visit http://www.TexasLending.com.###
©Copyright 1997-
, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.