Filed Under (Mortgages) by admin on 04-12-2009
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.
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Filed Under (Mortgages) by admin on 28-11-2009
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
Filed Under (Mortgages) by admin on 26-11-2009
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!!
Filed Under (Mortgages) by admin on 23-11-2009
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. Full Article
