May 28th Best Mortgage Interest Rates and Lock Recommendation
By: Freeman Liz
May 28, 2010
LOCK ALERT *** STOCKS OFF, MORTGAGE RATES DOWN SLIGHTLY ***
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May 26th Best Mortgage Interest Rates and Lock Recommendation
By: Freeman Liz
May 24, 2010
LOCK ALERT *** STOCKS UP AND SO ARE MORTGAGE RATES ***
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May 21st Best Mortgage Interest Rates and Lock Recommendation
By: Freeman Liz
May 24, 2010
LOCK ALERT *** RATES DROPPED BUT PRICING COULD WORSEN AS STOCKS RALLY ***
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Are Stated Income Mortgages Gone for Good? Probably Not
By: Freeman Liz
May 21, 2010
Legislation passed by both the House of Representatives and the Senate goes a lot further in some ways than had been anticipated. And one of the changes that Congress wants is the abolition of certain mortgage products. Lenders will be prohibited from making mortgages that don't require the borrower to prove he or she can repay the loans. But in most cases, mainstream lenders did in fact make Alt-A loans (not to be confused with sub-prime mortgages to borrowers with bad credit) to borrowers who were capable of repaying the mortgages at the time the loans funded. They just had to determine borrowers' income using alternative methods. These methods could be used to "prove" borrowers' income once again and still satisfy Congress.
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May 20th Best Mortgage Interest Rate and Lock Recommendation
By: Freeman Liz
May 20, 2010
LOCK ALERT *** RATES EVEN LOWER AS STOCKS STRUGGLE ***
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Getting an ARM? Sooner Is Better than Later
By: Freeman Liz
May 13, 2010
Fannie Mae changed its guidelines (again) and as usual the changes do not favor borrowers. Its guidelines will be updated over the next twelve weeks to reflect the following: * Adjustable rate mortgage (ARM) qualifying will be more difficult. * Interest-only loans will be almost impossible to obtain. * Perennially-popular 7/23 mortgage products will be discontinued. Qualifying changes will primar...
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May 13th Best Mortgage Interest Rates and Lock Recommendation
By: Freeman Liz
May 13, 2010
LOCK ALERT *** RATES VERY SLIGHTLY LOWER AS STOCKS STRUGGLE ***
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May 12th Best Mortgage Interest Rates and Lock Recommendation
By: Freeman Liz
May 13, 2010
LOCK ALERT *** RATES FLAT AS TREASURY AUCTION MAKES NO WAVES ***
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May 11th Best Mortgage Interest Rates and Lock Recommendation
By: Freeman Liz
May 13, 2010
LOCK ALERT *** STOCKS RECOVER, MORTGAGE RATES RISE ***
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Fannie and Freddie's Pricing Pushing Borrowers Into FHA; FHA Pushing Back
By: Freeman Liz
May 11, 2010
If you're buying or refinancing a home today, the decision of FHA versus conforming isn't as straightforward as it used to be. Choosing the high-LTV loan with the best mortgage rate a few years ago usually meant going with Fannie or Freddie. In the not-too-distant past, FHA mortgages came with a 1.75% upfront mortgage insurance premium, which could be financed, plus a .50% to .55% annual premium. You only had to put 3% down. On the other hand, Fannie and Freddie offered 97% financing too,
