Mortgage Blog: Home Loan Rates, Advice, Mortgage News, & More

Could Rising Rates Stimulate the Housing Market?

2005-11-21T15:45:00.000-05:00

Here is an interesting article from Amey Stone back in July speculating that a bump in mortgage rates might stimulate the housing market. While I think she was right in a sense as the market was hot a lot of people were not discouraged by early rise in rates, as rates keep going up a lot of the speculative buyers in the market begin to cool down. Many of the economist's were mentioning the disparity in rates towards the actual real estate value of an area when you look at factors such as the cost of apartments in an area. Much of the market was being driven by speculative buying which is not truly the demand of consumers.

Additionally, there is some evidence that the market is beginning to cool down. This post mentions signs that the building of new homes is slowing down and that the rising rates are having an impact. As many economists have mentioned there is a broad disparity between apartment prices and housing prices in a city - a sure sign of a bubble. People will pay a certain premium for real estate, but not beyond a certain point. Its more akin to a tax. People will pay more in taxes to live in California, but they won't be beyond a certain level. Once prices rise too far out of sync it hints that much of the buying is speculative in nature, rather than based on true demand for an area.

Mortgage Blog

30-year mortgage rates rise by 0.01% (The Boston Channel)

2005-11-21T15:20:00.000-05:00

Mortgage Rates continue to rise as reported by the Boston Channel. With rates rising for the 10 straight week, it is unlikely that there are going to be that many mortgage refinancing offers out there, but I am sure there are still a few pockets of consumers who have high rates.

Mortgage Blog

Mortgage Rates Rising, Housing Market Might Be Slowing Down - Seattle Times

2005-11-18T15:32:00.000-05:00

The mortgage blog is back. Interesting article from the Seattle times talking about how the recent rising mortgage rates may have finally started to put the breaks on the hot real estate market. New housing has begun to slow down and the article also mentions that builder confidence is lowering which might indicate the gas pedal of the hot real estate market is not working. The National Association of Realtors also made comments regarding this trend in the article.

Mortgage Blog

Risks of a Mortgage Bubble for Mortgage Companies?

2005-08-03T16:47:00.000-04:00

While many articles have discussed the risks of a housing bubble for consumers, not many articles have addressed the other side of a potential bubble - that facing mortgage companies. Good article from the real estate journal discussing the possible financial consequences to mortgage brokers who chose to use risky flexible payment schemes for borrowers.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Mortgage Blog is Returning

2005-08-03T16:41:00.000-04:00

Mortgage Blog is returning. After a hiatus, we hope to come back and provide you with updated pointers to mortgage news and articles. In the meantime, feel free to search the archives.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Trading Up Real Estate

2005-05-03T15:52:00.000-04:00

Nice story about a Ms. Fisher who has used her intuition and good judgement to keep trading up in the real estate market. Good example of how even a small purchase can lead to better places in the long run.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Home Sales - Highest on Record

2005-05-03T15:49:00.000-04:00

If the bubble is going to burst, its going to be a large one. New data about the home market and how it continues to rise. March sales bursting records.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

The Dating Game and Real Estate Agents

2005-05-03T15:46:00.000-04:00

Article makes the analogy of dating when it comes to choosing a real estate agent. Funny tidbits, but also some good information on how to classify potential "suitors" for one of the biggest purchases of most people's lives. As a small plug, MostChoice now offers the service to connect you to a local real estate agent in your area. Fill out a simple form at our site and we connect you to a few qualified "suitors" in your area and leave you up to decide, at no cost to you.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Stress Free Refinance - 4 important steps

2005-05-03T15:41:00.000-04:00

Another list article for everyone out there. Important tips to make the refinancing of your mortgage a painless process. Easy read, good information on the mortgage process and how to deal with lenders

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Signs of a Real Estate Bubble?

2005-04-25T10:43:00.000-04:00

As in any hot growth market, there will always be talk of when the growth will stop and whether it will burst or merely slow down and level off. This article talks about the various signs to look for to indicate a decline in the real estate market.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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30 Year Fixed Mortgage Rates Drop

2005-04-25T10:42:00.000-04:00

Thirty year fixed mortgage rates dropped this past week, due to increasing oscillation in interest rates to swings in economic news.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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An Example of Two Complex Mortgage Loans

2005-04-25T10:37:00.000-04:00

Here is a small article that walks through two different mortgages, giving the features and comparisons for each. Useful to get a more real world example for those considering a new mortgage. The terminology can often be confusing and it is important to be informed of what you are getting into before committing to a particular loan type.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Government Steps in To Keep Real Estate Competition Going

2005-04-25T10:32:00.000-04:00

Interesting article from the Washington Post discussing recent efforts by the Department of Justice to keep the real estate market competitive and keep the real estate agent from blocking efforts of consumers to save money in the transaction. Given the booming market, its a good sign to see that efforts are being taken to help the consumer get the best transaction.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Should You Pay Down Your Mortgage?

2005-04-22T15:44:00.000-04:00

Nice easy article that discusses some of the factors you should consider if you are looking to pay off your mortgage with the influx of extra cash. Factors such as taxes, liquidity, and so forth.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Real Estate in the Spring Season - Keeps Going Strong

2005-04-22T15:34:00.000-04:00

Great article from the Real Estate Journal that looks at the various trends in the real estate market. Strong spring sales seem to indicate that a slowdown is not on the way, but there are a few soft spots in the market that still make that a possibility.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Weak Inflation Sent Mortgage Rates Down

2005-04-21T16:33:00.000-04:00

Article from Bankrate.com explaining the cause behind the recent dip in mortgage rates - weak inflation. Good news to all those shoppers out there looking for a mortgage.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Mortgage Rates Inch Down

2005-04-20T18:21:00.000-04:00

Perhaps the rates won't spiral out of control - recent reports from Fannie Mae and the Mortgage Bankers Association indicate rates have gone down a bit.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Mortgage Applications Fell Last Week

2005-04-20T18:20:00.000-04:00

Perhaps rising rates are having an impact?

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Homeowner Tax Deductions

2005-04-20T18:17:00.000-04:00

Paying less on taxes - something we all enjoy. Read this article to find out some of the unique tax advantages homeowners have when it comes to getting a break from Uncle Sam and what to look out for in this current market.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Can A Real Estate Agent Buy That House You Want?

2005-04-20T18:13:00.000-04:00

It looks like unfortunately, the answer is yes. As the article mentions, the slime-o-meter is off the charts for a move like this. It talks about the options you have and what to be aware of if you feel your agent is going to grab that house from under you.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Housing Market Slowdown? Some Signs, But Not Likely

2005-04-20T18:09:00.000-04:00

There was quite a drop in new housing construction starts last month, however, it does not appear to be a real damper in the current housing boom. The article does mention that rising mortgage rates could have an impact, so only time will tell how this will play out.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Buyer Concerns with For Sale By Owner Properties

2005-04-20T18:06:00.000-04:00

Informative article that discusses some of the concerns when buying a For-Sale-By-Owner property and the issues that you may run into. Topics such as agents, commissions, mortgage loans, and so forth.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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6 Costly Mortgage Myths

2005-04-15T10:33:00.000-04:00

Ah, its back to the lists again. Here is an article from Bankrate regarding 6 costly mortgage myths that could, well, cost you money! As always, the more you know before going to the lender, the better you are to plan your financial future.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Low Property Tax Building and Living

2005-04-15T10:29:00.000-04:00

Interesting piece covering some houses with low property taxes.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Racial Bias in Mortgage Applications?

2005-04-15T10:25:00.000-04:00

Here is an interesting piece that discusses mortgage companies and the possibility they charge different rates for mortgage buyers of varying ethnic and racial backgrounds. Reports of possible government investigations and lawsuits from civil rights groups.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Buying Title Insurance

2005-04-15T10:22:00.000-04:00

Discusses title insurance, why its needed and the general process to get it. Important information for those considering buying a new home.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Breaking out of an Adjustable Rate Mortgage

2005-04-15T10:16:00.000-04:00

Given the recent rise in rates, many out there are interested in knowing how they can break out of an adjustable rate mortgage. Recent article discusses the issues and concerns when considering whether to break out of a current adjustable rate mortgage agreement.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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8 big mortgage mistakes and how to avoid them

2005-04-04T18:25:00.000-04:00

Well, I just couldn't resist. The final tips for the day, 8 mortgage mistakes and how to avoid them, rounds out our counted list of important mortgage tips. Getting a mortgage loan can be a daunting process and its important to have all the advice you possibly can when going in for a such a large loan. More good advice from Liz Pulliam Weston.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

7 Secrets to Refinancing a Mortgage Successfully

2005-04-04T18:13:00.000-04:00

Since the previous article gave 6 important steps, here is an article with 7 important steps to refinance a mortgage. Given the recent fluctuation in rates and the rock bottom lows we have had, its important to know the steps that matter and know when to act on your mortgage loan.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

6 Mortgage Rip Offs to Avoid

2005-04-04T18:02:00.000-04:00

Great article for mortgage buyers regarding the process and important tips for those looking to avoid being ripped off by a local mortgage lender. While the theme of the articles today makes it seem that every lender is out to get you, that is not really the case. Nonetheless, it is important to always read the fine print and know what you are getting into before plunging into a mortgage loan. This article goes over common lines you might hear and what to listen for when negotiating and evaluating a prospective home loan.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

New Fannie Mae Investigation Report

2005-04-04T18:00:00.000-04:00

Fannie Mae has come under investigation recently for a few different reasons. Here is a quick article discussing one of the reports on Fannie Mae.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Buyer Beware - Important Tips for Real Estate Buyers

2005-04-04T17:52:00.000-04:00

Disturbing article regarding recent discoveries by Federal Investigators in the real estate housing market. Discusses illegal kickbacks and other schemes that some lenders and agents have participated in to take a larger chunk of the consumers fee. Check this article out and make sure you aren't one of them. It gives recommendations on how you can avoid being caught in schemes.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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Mortgage Fraud Against Lenders Resource Site

2005-04-04T17:47:00.000-04:00

The Mortgage Bank of America has created a new site dealing with fraud against lenders. From the site:

"Fraud perpetrated against lenders is responsible for millions of dollars in losses each year. This site is designed to help lenders prevent, investigate, and combat mortgage fraud. "

Check it out for those who are interested.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Ebay Bidding Wars on Hot Houses

2005-04-04T17:43:00.000-04:00

Interesting piece here regarding some of the difficulties home shoppers are facing in this hot housing market. Reports of Ebay like bidding wars and other strategies. Talks about common concerns of sellers in the market and criteria they are looking for.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

Mortgage Blog

Beware of Raw Land Deals

2005-04-04T17:41:00.000-04:00

Article discusses the possible risks with buying raw, undeveloped land, as well as some of the possible benefits. Possible problems with lenders, developers, sellers, and so forth.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Borrowers Surving the Pricey Market

2005-04-01T16:32:00.000-05:00

While some have worried the cost of the market has created too high a debt burden on consumers in pricey housing market areas, a recent study says that they are surviving.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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Boomerange Grannies - Building a House for the Parents

2005-04-01T16:28:00.000-05:00

So many people have seen the kids returning from college to live at home again, but now it appears that many of their parents are doing that as well. Discusses the property value issues with adding a cottage to the land for the parents to live in and the economic considerations of such a move.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Paying Down the Mortgage with Points

2005-04-01T16:26:00.000-05:00

Talks about whether or not its better to pay down a mortgage rate by using points or using that money for a down payment instead.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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Fixed Rates Slip while ARM Rates Rise

2005-04-01T16:23:00.000-05:00

More interesting news in the mortgage rate market about how consumers are responding the generally rising rates of mortgage loans. While the bargain for adjustable rate mortgages has declined, the amount of people purchasing them as risen, mostly because many believe they will be changing residence in the near future.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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8 Tips for 1st Time Home Buyers

2005-03-31T15:52:00.000-05:00

Article from the front page of MSN today with 8 important tips for homebuyers. Nice succinct overview of many of the issues that people face.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Housing Boom's Impact on Seniors

2005-03-31T11:02:00.000-05:00

Following yesterdays article about the current housing market and its potential effect on retirement funds comes this article which mentions the rising taxes and their possible impact on seniors. Many local governments have been cutting back on the typical breaks they have given on property taxes to seniors and those on disability and many are feeling the pinch.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Cooling off Period for a Mortgage Refinance Loan

2005-03-30T16:02:00.000-05:00

Article describes important consumer information about the "cooling off period" or "right of rescission" that allows you to cancel a loan within a certain amount of time if you feel it just isn't right. Important information for those who are considering refinancing their mortgage

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Soaring Housing Costs Jeopardize Retirements

2005-03-30T15:54:00.000-05:00

Another great article from the WSJ regarding potential problems with the rising housing costs and those considering retirement. Informative table helps to breakdown debt ratios.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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The Real Price of the New Mortgage

2005-03-30T15:49:00.000-05:00

Great article from the Wall Street Journal's Real Estate Journal section describing the true cost of the new options of mortgages and current trends in the hot housing market. Provides a detailed explanation as to certain risks with mortgage loans that keep the cost down initially with interest only payments but have higher risks in the future. Definitely a must read for those considering the various types of mortgage options available to them from mortgage lenders in the real estate market right now.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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15 Year vs 30 Year Mortgage Facts

2005-03-30T15:46:00.000-05:00

Quick fact sheet of the pros and cons of a 15 year mortgage versus a 30 year mortgage. Recent article from the good ole Motley Fool

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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Mortgage Myths

2005-03-30T11:27:00.000-05:00

Came across this interesting article that breaks down some common myths regarding mortgages and mortgage loans. Discusses issues of bad credit, 30 year fixed mortgages, repayment plans, and refinancing during rising rates.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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How the Rising Mortgage Rates Effect You

2005-03-28T17:35:00.000-05:00

Article from Bankrate regarding the recent rise of mortgage rates and the likely impact it will have on homeowners.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Refinancing for Home Improvement

2005-03-28T17:07:00.000-05:00

This Bankrate article goes into the options one needs to consider when trying to determine whether or not to refinance a mortgage when evaluating home improvement projects. Deals with issues of home equity and different rate scenarios.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Sales of US Homes Leap in February

2005-03-24T16:40:00.000-05:00

Home Buying Leaps

The theme of today seems to be leaping. While Mortgage Rates are jumping up, so is house buying! Sales of new US Homes saw the largest leap in 4 years, well above Wall Street Estimates. They rose in every region of the country. We will see how the rising rates effect this trend, given the earlier news articles today about declining mortgage loans. My best guess is that any decrease in loans would be a slight bump in the industry as those who are looking to buy are waiting out the market to see how it responds. If rates drop, those people who have been waiting will likely jump in and if the rates jump up those who took a pause might decide to also lock in before rates go any further.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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Landmines to Avoid When Buying A Home

2005-03-24T16:36:00.000-05:00

Home Buying Landmines

Recent article from Bankrate with good information for all those new homebuyers out there. Seven important factors that one should evaluate before settling on a new home. Important factors regarding credit, dealing with mortgage loan officers, and general advice that could save you much headache and hassle.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Mortgage Rates Leap

2005-03-24T16:33:00.000-05:00

Mortgage Rates Leap

Article from Bankrate. As was reported earlier in the week, recent moves by the Fed have cause spooky feelings and mortgage rates have jumped up to levels we haven't seen in a while. While it isn't cause for undue alarm, its surely frustrating for new homebuyers who entered the process and are watching rates jump up.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

Mortgage Blog

Mortgage Loan Applications Decline Again

2005-03-24T16:28:00.000-05:00

Loan Applications Decline

Mortgage loan applications have dropped for the fifth time in the last six weeks due to rising interest rates. Article on the New York Times from Bloomberg News

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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More News on the Mortgage Market

2005-03-23T15:58:00.000-05:00

This article from TheStreet adds some more information regarding the mortgage market and the possible balance with refinancing. As rates increase, the cost of closing fees begin to outweigh the possible savings for refinancing. If one was to refinance their mortgage, now would be the time.

TheStreet Article

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

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Mortgage Applications Down

2005-03-23T15:42:00.000-05:00

Recent article from MSN Money talks about how consumers are reacting to the rising mortgage rates that we have been experiencing. The article does note that a demand for refinancing is being maintained, but that is likely to dip if rates continue to increase and the fervor for demand drops off.

Mortgage Applications Down Last Week-MBA

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Reasons for Strong Housing Demand

2005-03-23T15:33:00.000-05:00

This article from the Wall Street Journal's real estate section goes into detail on the various trends that are fueling the housing demand and home construction. Concurrently, this will impact the mortgage market as more families seek to move into new homes and restructure current mortgages.

What Factors Are Fueling Strong Housing Demand?
This could be the biggest year for home construction in decades. One reason: The U.S. housing stock is in need of rapid rebuilding.

MostChoice - Your source for free mortgage quotes and expert mortgage loan advice from local mortgage brokers in your area.

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Vacation Homes

2005-03-22T15:44:00.000-05:00

Brand new article from Forbes regarding the pricing and expectations to set for yourself when buying a vacation home. Important information about use of your equity from your current house, rental of the property, and so forth.

Forbes: Buying The Perfect Vacation Home

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Rising Rates Impacting Mortage Companies

2005-03-22T15:27:00.000-05:00

CNN Money reports on the economic impact of rising rates on various sectors of the economy. Mentions the unique impact many of the major mortgage companies are feeling at this time.

Interest Rates Impact on Mortgage Companies

US 30 & 15 Year Mortgages Hit Record Highs

2005-03-22T15:23:00.000-05:00

Recent report hot off Reuters about the 30 and 15 year Mortgage Rates.

30 & 15 Year Mortgage Rates - Records Highs

Mortgage Rates May Rise With Moves From Federal Reserve

2005-03-22T12:27:00.000-05:00

This article points to troubling signs that the low mortgage rates are likely to spike soon. Recent moves by the Federal Reserve and and forecasts by the Mortgage Banker's association point to the possibility of a mortgage rate hike.

CNN Federal Reserve Article

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Mortgage Loans and Drawing on Home Equity

2005-03-21T18:15:00.000-05:00

This article discusses some of the risks and benefits of drawing on your home equity to cover other expenses. And as always, read the fine print.

Bankrate: Use of Home Equity

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Warranties and Older Homes

2005-03-21T18:09:00.000-05:00

This article from Bankrate provides some good advice when considering a home warranty for an older home. The usual themes apply: read the fine print, make sure important appliaces are covered, and make sure you work with a reputable company. Many warranty companies are not insurance companies and do not offer the same level of protection.

Bankrate Home Warranty

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Mortgage Rates Back Over 6 percent

2005-03-21T17:51:00.000-05:00

Here is a recent article from MSN.com regarding the recent mortgage rates spike. They are now at the highest level they have been since August 2004. While the article mentions that rates are likely to stay stead, it appears the recent trend has been that the rates are going upward and the housing boom continues. Eventually it will balance out, but it also marks the importance of refinancing your mortgage before rates rise to high, if such an opportunity is still available.

MSN Mortgage Rate Spike Article

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Mortgage Refinance Prepayment Penalties

2005-03-18T17:30:00.000-05:00

Here is an article for all those looking to refinance their mortgage loan to make sure they are aware of possible prepayment penalties.

Lenders Put Penalties On Popular Mortgages
Many homeowners who are rushing to refinance as interest rates rise may find themselves facing prepayment penalties.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Home Loan Advice

2005-03-18T17:05:00.000-05:00

When comparing a lender, it is important to evaluate the loan and the policies of the company. This article from Bankrate gives important tips when evaluating a home mortgage loan.

Warning signs of a bad home loan
Homeowners in a hurry to lock in a low mortgage or refi rate sometimes fall prey to unscrupulous lenders. So that you don't become a victim, be alert to the warning signs that your great loan deal might be bad.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

Mortgage Blog

Mortgage Rate Roundup

2005-03-18T17:02:00.000-05:00

Here is a good overview on the latest rate trends

Interest Rate Roundup
Check out the latest interest rate trends and national averages on the five most common consumer banking products.

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MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve

Mortgage Blog

Mortgage Rates: Today's News

2005-03-18T16:50:00.000-05:00

Here are a few recent reports from Bankrate on Mortgage Rates. Could this be the beginning to reverse the trend of mortgage rates that have been inching upward?

5/1 Jumbo Interest-only ARM rates go down in the United States Friday
5/1 Jumbo Interest-only ARM rates go down in the United States Friday

3/1 Interest-only ARM rates go down in the United States Friday
3/1 Interest-only ARM rates go down in the United States Friday

10-year Fixed Mortgage rates go down in the United States Friday
10-year Fixed Mortgage rates go down in the United States Friday

20-year Fixed Mortgage rates go down in the United States Friday
20-year Fixed Mortgage rates go down in the United States Friday

15-year Jumbo Mortgage rates go down in the United States Friday
15-year Jumbo Mortgage rates go down in the United States Friday