WHAT ARE MORTGAGE RATES DOING? IT DEPENDS ON WHO YOU ASK
By: Liz Freeman
January 29th, 2009
All of these headlines came out in the last 24 hours on different Web sites:
Realty Times: “Mortgage Rates Hold Steady According to Freddie”
Mortagage Insider:”Mortgage Rates Jump to 5%”
Kansas City Star:”Heads Up: 30-year Mortgage Rates Fall”
Huh? What’s a borrower to do? If the “experts” can’t even agree on what mortgage markets have done in the more...
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By: Liz Freeman
January 22nd, 2009
Economy Weakness = ARM Strength
Adjustable Rate Mortgages (ARMs) can be a risky home loan choice– the Mortgage Bankers Association reports almost 12 percent of grade-A (not subprime) borrowers with ARMs are defaulting on their loans, compared to only 2.75 percent of homeowners with fixed rate mortgages. Borrowers who can’t refinance out of Option ARM loans–with more...
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Liz Freeman’s Weekly Mortgage Blog
By: Liz Freeman
January 13th, 2009
Mortgage Credit Certificate Equals Free Money for Home Buyers
If you have never heard of the Mortgage Credit Certificate (MCC) programs, you’re not alone. Many lenders haven’t either. But they have been available for eligible home buyers since the Tax Reform Act of 1984! Not only does this program return cash to the borrower the entire more...
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Weekly Mortgage Bog
By: Liz Freeman
January 5th, 2009
2008 and Mortgage Rates and Predictions–The Year of Living Dangerously
Rates began at near 6% levels, prompting mortgage columnists to extol “nearly historical lows” and urge borrowers to fix their rates “now.” And their haste seemed justified when rates climbed above 7% later in the year. Mortgage brokers’ rate sheets, which used to change about once more...
