Ahorre.com Mortgage

30-Year Mortgage Rates Fall to 4-Year Low

Fri, 25 Jan 2008 13:16:32 -0500

Mortgage and Home Loans - Freddie Mac reports that interest on 30-year, fixed loans fell for the fourth straight week, landing at their lowest level in nearly four years. Economists say mortgage rates averaged 5.48 percent for the week ended Jan. 24 -- down from 5.69 percent a week ago -- because of the latest reports about the economy and because the Federal Reserve made its biggest cut in 20 years to a key interest rate.

Freddie Mac also reports that rates on 15-year mortgages declined to 4.95 percent from 5.21 percent, rates on five-year adjustable-rate mortgages dropped to 5.13 percent from 5.4 percent, and rates on one-year ARMs slipped to 4.99 percent from 5.26 percent.

The Recent Interest Rate Reduction

Tue, 11 Dec 2007 18:16:40 -0500

The Federal Reserve to lower key short-term interest rates today, the third consecutive meeting since September it has taken such steps. The Federal Reserve's Open Market Committee lowered its target rate for the federal funds rate by 25 basis points, to 4.25 percent. In a related action, the Fed's board of governors approved a 25 -basis-point decrease in the discount rate, to 4.75 percent.

30-Year Mortgage Rates Fall to 2-Year Low

Fri, 07 Dec 2007 14:07:40 -0500

30-Year Mortgage Rates Fall to 2-Year Low - Concerns that a severe housing downturn and prolonged credit crisis could rattle consumer confidence and hurt the broader economy contributed to a sharp drop in mortgage rates this week, according to Freddie Mac. Interest on 30-year fixed loans sank to 5.96 percent from 6.10 percent last week, landing at the lowest point seen since September 2005.

Borrowing costs on 15-year fixed products fell to 5.65 percent from 5.73 percent over the week and five-year adjustable-rate mortgages were down to 5.75 percent from 5.86 percent, but one-year ARMs bucked the southward trend by bumping up to 5.46 percent from 5.43 percent.

About Foreclosure Rates in 2007 and 2008

Thu, 06 Dec 2007 17:29:03 -0500

The rate of foreclosure starts and the percentage of loans in foreclosure hit record highs during the third quarter, suggesting 1.5 million homes will enter the foreclosure process in 2007, the Mortgage Bankers Association reported today.

The Increase in Mortgage Applications

Wed, 05 Dec 2007 14:28:26 -0500

Mortgage Volume Soars After Thanksgiving - During the week after Thanksgiving, mortgage application volume rose 22.5 percent on a seasonally adjusted basis to 791.8, recovering significantly from a holiday slowdown.

The Reduction In Mortgage Home Loan Interest Rates

Thu, 18 Oct 2007 23:37:00 -0500

Mortgage and Home Loans - The Federal Reserve slashed 50 basis points off both the "federal funds rate" the rate banks charge each other for overnight loans and the discount rate, the rate the Fed charges for direct loans to banks.

The reduction in the target for the federal funds rate, to 4.75 percent, marked the first time the Fed had cut the overnight rate since June 25, 2003. At the time, the Fed was capping a series of reductions intended to encourage borrowing and stave off a recession after the dot-com stock market bust and the Sept. 11, 2001, terrorist attacks.

How To Calculate A Mortgage Payment

Mon, 08 Oct 2007 09:19:49 -0500

Mortgage - Most borrowers know that their mortgages is the amount of the initial scheduled payment. This is the amount of money they are obliged to pay each period under the terms of the mortgage contract. They know that failure to pay that amount is a violation of the contract, leading to late charges, delinquency reports and ultimately to foreclosure.

While borrowers know the amount, they are often hazy about how it is calculated and what it includes. I will illustrate the possibilities related to a $100,000 loan at 6 percent.

Prepare The Process of Mortgage Home Loan Refinancing

Tue, 02 Oct 2007 08:09:16 -0500

Start your calculation by gathering your basic facts: How long is your current mortgage? Does it adjust?

Fed Half-Point Rate Cut to Help Home Buyers

Thu, 20 Sep 2007 01:06:13 -0500

The Federal Reserve Tuesday sliced one-half a percentage point off the federal funds rate, cutting it to 4.75 percent from 5.25 percent. It also cut its discount rate by the same amount, also bringing it to 5.25 percent.

The cuts could be a mixed blessing for homebuyers, pushing fixed-rate mortgages higher if inflation worries grow, economists say. But relief could come in other ways. Consumers should start feeling the impact quickly in the form of reduced payments on home-equity lines of credit, credit cards and some car loans.

Book About Profits From Foreclosure Notice

Tue, 18 Sep 2007 22:24:48 -0500

Mortgage and Home Loans - Whether you are just getting started or are an "old pro" real estate investor, you will benefit from the many real-life examples in "Making Big Money Investing in Foreclosures Without Cash or Credit, Second Edition" by Peter Conti. The author shares dozens of stories of his students to illustrate the topics being explained, such as how to finance acquisitions with little cash, how to buy right, whether to quickly sell or hold for long-term investment, and which properties to avoid.

Viviendas y préstamos en Florida

Fri, 14 Sep 2007 18:58:01 -0500

Si usted esta planeando comprar o financiar de nuevo (refinanciar) su hogar en el sur de la Florida, usted ha encontrado el equipo que puede alcanzar su meta, tenemos una amplia seleccion de prestamos bajos para satisfacer cada gusto. Podemos ayudar sus necesidades y estamos para servile los 7 dias de la semana. La compaña "Coco Mortgage" esta dedicada al campo de financiar casas, unifamiliares, multifamiliares, lotes y mas.

Podemos ayudar a financiar su residencia primaria o secundaria, hogares de vacation, tenemos programas de financiamiento hasta 100% del valor de la propiedad, prestamos sin prueba de empleo, prestamos con bajas tarifas de interes, assistencia con bancarrotas, si usted tiene credito malo, programas para inversionistas, y más. Hipoteca.net

Layoffs Coming to Mortgage Industry

Mon, 10 Sep 2007 21:31:48 -0500

Mortgages and Home Loans - As many as 20 percent of the nation's real estate loan officers and mortgage brokers will lose their jobs, predicts Josh Rosner, managing director at the New York investment research firm Graham Fisher & Co.

100 Percent ARM Adjustable Rate Mortgage Refinance

Mon, 10 Sep 2007 09:39:36 -0500

Mortgages and Home Loans - There are many people who want to refinance, but many of those who had earlier taken 100 percent "ARM Home Loans" are stuck. With the current soft housing market, they now owe more than their homes are worth. Lenders are strongly resistant to refinancing loans with balances exceeding property values.

Financial Markets on Mortgage Credit Crunch

Mon, 27 Aug 2007 21:44:32 -0500

Mortgages and Home Loans - Financial markets have quieted, more from exhaustion than resolution of the underlying credit panic. Agency mortgages never made it below 6.5 percent and are rising slightly now, and vanilla jumbos are still above 7 percent but easily available.

New Century Financial Chapter 11 Bankruptcy Protection

Sat, 12 May 2007 01:53:00 -0500

Subprime mortgage lender New Century Financial Corp. filed Monday for Chapter 11 bankruptcy protection, and said it would fire 3,200 workers, or 54 percent of its work force, to better position the company for a possible sale.