Archive for FHA
Low Mortgage Rates for First Time Home Buyers
Today is a great day for first time home buyers who are looking to maximize their housing affordability. According to Freddie Mac, home loan rates fell to a new record low for the fourth time in five weeks. But low home mortgage rates haven’t been able to revive a struggling housing market. The weekly rate [...]
Second Mortgage Refinancing Difficult
Getting a second mortgage will be nearly impossible unless you have aton of equity and absolutely perfect credit. Cash out refinancing is available with FHA but not many homeowners are under 100% loan to value. Bad credit mortgage refinancing is very difficult to find outside of VA and hard money lending. There may be a chance [...]
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 [...]
Fed Considering Slowing Bad Credit Mortgage Securities
Bad credit mortgage loans have not disappeared. A recent report indicated that poor performing mortgage securities were still a concern and the loan modification craze certainly has not helped the subprime mortgage or FHA loan market. The Federal Reserve will probably slow its rate of mortgage-backed securities purchases this year to make room for private [...]
Jumbo Mortgage Problems Hurting High End Home Sales
The limited availability and high cost of jumbo mortgage products not backed by the government is taking a toll on sales of high-priced homes, a trend that’s rippling through housing markets and the economy, according to a new research report by the National Association of Realtors. The mortgage lending report floats the idea of temporarily [...]
Mortgage Rates Fall Again for 30 Year Home Loans
Home mortgage rates on 30-year home loans plunged this week to the lowest level since January, and are poised to fall further after the Federal Reserve launched a new effort to prop up the flailing housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed rate mortgages dropped to 4.98 [...]