Should You Choose 50 years for a Mortgage? http://press.toprealestates.com/latest/should-y... Many of us are having a hard time stretching an already tight budget and gas prices continue to go up. Some mortgage lenders are now considering that they might offer solutions to homebuyers through 50-year mortgage loans.
Turks.US Daily News - Washington Mortgage Rate Slides http://www.turks.us/article.php?story=200606091... The mortgage company, Freddie Mac reported that rates on 30-year, fixed-rate mortgages averaged 6.62%, down from 6.67% last week. That could have been the highest level in nearly four years.
Real Estate Press - Should You Choose 50 years for a Mortgage? http://press.toprealestates.com/latest/should-y... Many of us are having a hard time stretching an already tight budget and gas prices continue to go up. Some mortgage lenders are now considering that they might offer solutions to homebuyers through 50-year mortgage loans.
Detroit Seniors Targeted by Mortgage Scams http://press.toprealestates.com/latest/detroit-... In Detroit, a mortgage scam has surfaced and targets senior citizens. Last Wednesday, the Wayne County Prosecutor announced the arrest of a suspected scam artist accused of ripping off dozens of homeowners.
U.S. Home Loan Applications Dropped http://www.turks.us/article.php?story=200606071... On Wednesday, the Mortgage Bankers Association reported that the number of people applying for home loans fell. The group said that its seasonally adjusted index of mortgage application activity for the week ended June 2 fell 1.4% to 534.4 from the previous week's 541.9.
Healthy Activity observed on UK Mortgage Approvals http://press.toprealestates.com/latest/healthy-... According to the British Bankers' Association on Tuesday, the number of mortgage approvals jumped in May but analysts cautioned that the rise was largely due to the timing of Easter and seasonal factors.
Rising Home Loan Demand Amid Increasing Fed Rate http://press.toprealestates.com/latest/rising-h... An industry trade group said on Thursday that U.S. mortgage applications rose for the first time in three weeks as interest rates on home loans fell from a four-year high during a week when the Federal raised borrowing costs.
How to Stop Those Rising Mortgage Payments http://www.marketnews.biz/content/view/152/9/... Is your mortgage coming due or your adjustable rate mortgage payment has been steadily creeping up as interest rates change?
MarketNews.Biz - Rising Fraud Connected to Increasing Mortgage Interest Rates http://www.marketnews.biz/content/view/168/9/... Sometimes the victim is a retired senior strong-armed into signing papers under the misconception that he is being granted a reverse mortgage. Homeowners in financial difficulty should first talk to their mortgage lender to explain the situation and to see if the loan can be restructured or refinanced.
When Does Refinancing Make Sense? http://press.toprealestates.com/latest/when-doe... Mortgage Bankers Association said that despite the upward drift in mortgage rates, refinancing continue to account for more than a third of all new mortgage applications.
