Current Mortgage Rates Remain Low as Home Buyer Tax Credit is Extended
Updated Oct. 9, 2013
It's Official: Effective for all home purchases after November 6, 2009. President Obama signs into law H.R 3548: The extension and expansion of the home buyer tax credit.. Friday November 6, 2009 , as current mortgage rates still kept up their momentum of the current week of sliding lower, President Obama...

Current Mortgage Rates to Rise in 2010
Updated Oct. 9, 2013
With a mortgage rate of 5.5% on a 30-year fixed-rate mortgage being hailed as a 40-year low just a few short years ago, current mortgage rates continue to flirt with record lows today. It has been said time and time again that if you're considering refinancing or delving into the world of homeownership, the...

Current Mortgage Rates Are Still Low Thanks to Ben Bernanke
Updated Oct. 9, 2013
As the Chairman of the Federal Reserve, Ben Bernanke is perhaps the most influential person on the planet in terms reshaping not only the American economy, but the global economy as a whole. The 56-year-old former economics professor at Princeton has been tabbed by Time magazine as the "Person of the Year 2009."....

Current Mortgage Rates Begin to Rise Nationally
Updated Oct. 9, 2013
Although current mortgage rates are increasing, a 30-year fixed-rate mortgage is still available below the 5% threshold. The same 30-year fixed-rate mortgage was available between 4.5% and 4.625% less than two weeks ago. Since the end of November, mortgage rates began to rise rather steadily. However, even...

Current Mortgage Rates Temporarily Fall Back Below 5%
Updated Oct. 9, 2013
Current Mortgage Rates Temporarily Fall Back Below 5%. Although mortgage rate analysts are forecasting a drastic increase in current mortgage rates in the very near future - and we have already witnessed a prelude - current mortgage rates are below 5%, at least for today. Rates have been inching higher in recent...

Current Mortgage Rates Reach Four-Month High
Updated Oct. 9, 2013
At the beginning of 2009, mortgage rates were at historically low levels. In fact, the mortgage rates were at the lowest point America has seen in approximately 40 years. By the end of the summer, mortgage rates began to creep back up. By November, mortgage rates plunged back to near-record-low levels. Today,...

Why Don't More People Shop For Mortgages Online?
Updated Oct. 9, 2013
To me, one of the greatest things about that advent of the internet is that it offers a whole new model for shopping. If you want something, you no longer have to go someplace to buy it, you can find virtually anything you want sold online. In addition to the ease of purchasing items, it has become a whole lot easier to...

Things To Note When Applying For FHA Mortgages
Updated Oct. 9, 2013
Total Mortgage has many of the top FHA mortgages in the market. Right now FHA interest rates are approaching all time minimums. Many Americans are seeing 30-year rates below 5% available at many major banks including Chase Bank, Bank of America, and TD Bank. If you are considering taking out a mortgage it is...

New Years Mortgage Rates
Updated Oct. 9, 2013
Today, on the 30th of December, your plans for New Years Eve may be more important to you than current mortgage rates. But before you set your plans for tomorrow, take a few minutes to look at the current mortgage rates on the Total Mortgage site. An economical New Year's resolution might be to save money by...

Steps To Locking In The Lowest Mortgage Interest Rate In New Jersey
Updated Oct. 9, 2013
How do i get the lowest mortgage rate possible in NJ?. Factors that Influence Lowest Mortgage Rates:. Refinancing your current mortgage in NJ to get the lowest mortgage rate is one of the top ways to decrease your monthly payment and secure guaranteed extra cash flow each month. Of course all individuals desire the...

Does Warren Buffett Believe Mortgage Rates Will Increase In 2011?
Updated Oct. 9, 2013
Does Warren Buffett, possibly the top financial guru in the world, expect that mortgage rates will increase in 2011? His recent financial transactions give good reason to believe that he does.. Berkshire Hathaway Inc. borrowed $1.5 billion by issuing fixed-rate bonds to pay back adjustable-rate loans. By...

New Law Forces Lenders To Explain Impact of Credit Scores
Updated Oct. 9, 2013
Beginning on January 1, 2011, mortgage professionals are being required to disclose to borrowers how borrowers' credit scores could possibly prevent each individual from securing the best possible mortgage interest rates.. The purpose of the credit score alert is to alert mortgage seekers about the...

Housing Bust Makes Location More Important For Home Buyers
Updated Oct. 9, 2013
Location is even more important for home buyers in the wake of the Great Recession. The old maxim is more valid than ever. The three most important factors for picking real estate are location, location and location. That's the conclusion of research sponsored by the Mortgage Bankers Association.. While many...

2011 To Be Littered With Foreclosures
Updated Oct. 9, 2013
This upcoming year is probably not going to be very successful for the housing market. There are many reasons for this conclusion. In a post yesterday I discussed what I see as an unavoidable decrease in home values in the next 12 months. This post, I would like to talk about what seems to be becoming another...

Housing Crisis Makes Location More Important
Updated Oct. 9, 2013
Location is even more important for home buyers following this recession we just experienced. The long-standing proverb is more valid than ever. The 3 most important things to remember for judging property are location, location and location. That is the conclusion drawn by the a study sponsored by the Mortgage...

What Will The Housing Market Look Like This Year?
Updated Oct. 24, 2014
This coming year is going to be a tough twelve months for the real estate market, barring unforeseen changes to the U.S.'s economic fortunes. There is a massive stock of houses still on the market throughout the nation. There is almost no demand for these houses. Elementary economics can be used to conclude that...

HAMP, FHA Short Refi, Numerous Other Housing Programs Could be Eliminated
Updated Oct. 9, 2013
Financial austerity, eliminating the deficit, and eliminating the federal debt has suddenly become very popular in Washington, D.C. The House Financial Services Committee is going to meet later today to discuss upcoming proposals for the Federal Budget. Among other areas up for review, a large number of...

Are Adjustable Rate Mortgages Making a Comeback?
Updated Oct. 9, 2013
They are according to an article on CNNMoney.com today.. According to the article, adjustable rate mortgages (ARMs) comprised nearly 70 percent of all mortgages during the bubble years. After the housing collapse their market share plummeted, dropping to only 3% of all mortgages in 2009. Now that number appears...

Mortgage Lending Standards Still Tight And Housing Remains Weak, Says Fed Report
Updated Oct. 9, 2013
While hints of inflation are emerging and the job market improved in January and February, mortgage lending standards remain tight and the housing industry is still anemic, according to the Federal Reserve Beige Book report released yesterday.. "Recent activity in residential real estate varied, but...