Archive for the ‘Mortgages’ Category

Bad Credit Mortgage Refinance Rates Move Up After All Time Lows

December 4th, 2009 admin No Comments »

Bad credit mortgage refinance rates have moved higher after all time lows were achieved earlier this week.  Last weekend we saw the conventional 30 year fixed mortgage rates at 4.49%.  Since then mortgage rates have made a steady move higher to 4.74%.  Even with the move higher mortgage interest rates are still self-same close to all time lows.  If you have been thinking about refinancing now might be a great appropriated time to do your research.

If you have bad credit there is a good chance that you will not be able to refinance below 5% but that does not mean that you cannot benefit from refinancing.  If you can save a full percentage point on your home loan then it would benefit you to apply for a refinance.  If you cannot save a full percentage point then you might find that the refinance costs are higher than your savings.

There are many lenders out there that have power to help you get a bad credit mortgage refinance.  By simply doing a quick Google search you are likely to find many companies that are willing to help you with this service.  The amount of advertising that is being done by the agency of mortgage lenders means that they are willing to do whatever it takes to get your business; take advantage of this opportunity.

If the current economy and your financial struggles have gotten you down make assured to check out the inspirational blog My Life After Retail.  The blog is an bill of the journey to find peace of mind and happiness in today’s society.

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Tags: Lows, Mortgage Refinance Rates, Refinance Rates, Time Lows

Building society cuts mortgage rates

November 28th, 2009 admin No Comments »

The Coventry Building Society has cut their mortgage rates and launched a new pledge loan range. The new mortgage loans include fixed-rate mortgages, tracker mortgages and flexx products. The range includes a variety of Loan to Value levels and arrangement fees .

The mortgages are available either directly or via intermediaries . Most of the products are available at 70 per cent loan to value, by one highlight the two year fixed-rate mortgages at 3.5% only available at 50 per cent LTV.

The sales and marketing director at the Coventry, Colin Franklin, was reported as saying: “We continue to have a strong appetite for growing our mortgage business and expect this new range be excessively well received by intermediaries and customers alike. Full Article

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Tags: Building Society, Mortgage Rates, Rates

Capital Markets Update – Increased Economic Activity Ahead of Holiday

November 26th, 2009 admin No Comments »

Quicken Loans Capital Markets Update for November 25, 2009

Yesterday, treasury prices surged higher after the $42b 5yr auction drew the strongest demand in over two years.

Not long after the auction, treasury prices received another boost as the Fed (FOMC) minutes indicated that officials believe mortgage rates would remain at very low levels for an extended period.

This morning, treasury prices are mainly unchanged, ahead of another busy day of economic agility.

The markets will be closed tomorrow. Happy Thanksgiving!!

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Tags: Capital Markets, Capital Markets Update, Markets Update, Update

Mortgage deal for borrowers in negative equity

November 23rd, 2009 admin No Comments »

The third largest building society in the UK is offering a new mortgage loan to borrowers who have fallen into negative equity but need to move house . The Coventry Building Society will allow existing customers to borrow some 125% of their property value should they need to move. The fresh pledge deal is only available to those people with a good credit story who have not missed mortgage repayments .

The customers can transfer their existing mortgage to another property . However, the other property must be of an equal or lower value than their current home. These customers will not be efficient to increase the size of their mortgage, nor will they borrow a greater proportion of property value.

Coventry Building Society said that they expected a small takeup of the offer from borrowers who need to move for work, or people with growing families. Full Article

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Tags: Equity, Negative Equity

Quicken Loans Capital Markets Update – Record Week For Government Bonds

November 8th, 2009 admin No Comments »

Quicken Loans Capital Markets Update for November 9, 2009

Treasuries are fairly flat this morning as public securities rise. This week will bring a enrolment supply of government bonds. Beginning today, the US Treasury will auction $81 billion of debt this week as part of it’s quarterly refunding. Today’s $40 billion 3-year auction will likely be overshadowed by Tuesday’s 10-year and Thursday’s 30-year auctions.

Stay tuned to Mortgage News for updates and more this week.

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Tags: Bonds, Capital Markets Update, Government Bonds, Markets Update

Find the Realtor Logo for Legitimate Real Estate Transactions

November 3rd, 2009 admin No Comments »

As there are many fly-by-night companies and individuals offering their services to handle your real estate deals, do one thing and avoid the risk of dealing with these individuals – look for the Realtor logo. When you dearth to be assured of the security of your real estate deals, looking for the Realtor logo is one definite answer to your worries.

The Realtor logo is a distinct indication that the body or company you are dealing through is part of the nation’s largest organization for real estate agents. They are collectively termed as REALTOR, to signify that they are legitimate practitioners in real estate. The National Association of REALTORS (NAR) is a verified organization that qualified realtors may join.

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Tags: Estate, Real Estate

Quicken Loans Capital Markets Update – Market Awaiting Fed’s Decision on Low Interest Rates

November 2nd, 2009 admin No Comments »

Quicken Loans Capital Markets Update for November 2, 2009

U.S. bond prices were up on Friday after the day’s economic releases added to the skepticism about the sustainability of the economic recovery. This week is filled with important economic data with a large focus on Friday’s employment data.

On Tuesday, the FOMC (Federal Open Market Committee) begins a 2-day collection of people on monetary policy and the market will pay close attention to any change in language regarding the timing of future rate hikes. Many experience that the Fed will keep in pay the words “extended period” regarding low interest rates. If this does ring true, it will certainly be good news for home buyers, or just homeowners looking to refinance.

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Tags: Capital Markets, Capital Markets Update, Market, Markets Update

Personal Spending Falls Even as GDP Rises

October 28th, 2009 admin No Comments »

Personal incomes and spending fell in September, even as a rise in the gross domestic product has economists declaring that the recession has ended.

New figures released by the Commerce Department today showed that personal spending fell by half a percent in September, following four consecutive monthly increases. The drop is largely attributed to the end of the government’s “Cash for Clunkers” automotive sales incentive program, that helped boost personal spending 1.4 percent in August.

Personal income has been largely stagnant the past three months, declining by $100 million in September, or a less amount than 0.1 percent drop.

Full Article

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Tags: Spending, Spending Falls
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