Today's Mortgage Rates

Product Today +/- Last Week
30 yr fixed mtg 5.01 % - 5.17%
15 yr fixed mtg 4.72 % - 4.76%
5/1 ARM 5.35 % + 4.59%

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Foreclosure and Bad Credit no Obstacle to Reverse Mortgage

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Mortgage rate shoppers who check out the ShopRate.com daily blog and mortgage rate lock recommendation will probably notice one thing immediately. The "best rates" listed are often significantly different than the ... Read More >>

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Obama Targets Piggyback Home Loan Modifications

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Mortgage market analysts note that about 1/12 of the total home loan marketplace consists of "piggyback loans." Mortgage lenders hold over a trillion dollars in these "second liens," which can include second mortgages or home improvement loans. However, government research uncovered an alarming fact: over half of the mortgage holders facing delinquency or foreclosure have multiple liens on their properties. Therefore, government officials announced some updates to the Making Home Affordable program rolled out earlier in 2009. New program rules specifically target homeowners with multiple ...   Read More >>

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July 2nd Best Mortgage Rates and Lock Recommendation

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Stocks tanked big time as June payroll report showed a fourth straight monthly increase in job losses. The effect was felt so stringly because analysts had been projecting losses of about 365,000. They got 467,000. The national unemployment rate is not 9.5%. While terrible for the stock market, this... Read More >>

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