Archive for October, 2009
FHA Mortgage Loan Opportunities with Bad Credit Mortgages
With the demise of the subprime mortgage sector, where do borrowers get a bad credit mortgage or a home equity loan with bad credit? These days, most homeowners little home equity to take cash out, and many borrowers have been delinquent on their mortgage payment because of rising interest rates or from experiencing a hardship [...]
Mortgage Rates Lower with fifteen-Year Fixed Home Loans At 4.36%
According to mortgage economist, Josh Emmons, “Home refinance opportunities always arise when interest rates for mortgage loans fall below 5%.” Home loan rates dropped this week and the average mortgage rate on thirty-year fixed-rate home loans declined below 5% to a four-month low, according to Freddie Mac’s report of mortgage rates surveyed from lenders nationwide. [...]