For the second week in a row 30 year mortgage rates held steady at 6.52. 15 year mortgages last week moved from 6.07 to 6.1. The week they returned to 6.07. So basically the fixed rates are holding steady. 5 Year Arms fell from 6.05 to 6.02 and 1 Year Arms [...]
Posted in Blogging | Tagged again, arms, down, fixed, hold, mortgages, nudge, rate, steady, while
On July 5th 2008, Robert Powell of the Wall Street Journal online posted an article which quotes the Chief Executive of The Financial Industry Regulatory Authority (FINRA), Mary Schapiro, entitled Three Warnings for Hard Times: Beware of Strategies That Put Nest Egg at Risk.
I really must admit that when I first read the title I [...]
Posted in Blogging | Tagged journalistic, mortgages, opportunism, reverse
On 7/30/2008 President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been trying to resolve from the modernization of FHA, to foreclosure assistance for homeowners, to the shoring up for Fannie Mae and Freddie Mac.
The wires [...]
Posted in Blogging | Tagged and, bill, housing, mortgages, reverse, seniors
What is the connection, you might ask between reverse mortgages and the price of oil? And if you or a loved one are a senior homeowner age 62 and over but don’t drive, maybe you’ve been thinking that you are lucky because the price of gas and oil really doesn’t affect you as much. [...]
Posted in Blogging | Tagged amp, mortgages, oil, reverse
Life doesn’t hold too many real guarantees anymore. Seniors work hard their whole lives and expect to receive a pension and often those pension funds aren’t available or the company closes and the individual is left looking for work late in life with no pension at all, starting over.
Borrowers go to their local banks and [...]
Posted in Blogging | Tagged credit, for, freezebut, lines, mortgages, not, reverse
There are many misconceptions about mortgages which I hope this article will put right. Often referred to as a mortgage home loan, they are not a loan in the traditional meaning of the word. There are three terms that you need to learn that are used: the first is mortgagor (the property owner), the mortgagee [...]
Posted in Blogging | Tagged about, Many, misconceptions, mortgages, the
While the recent half of one percent cut in mortgage interest rates was very welcome, the likely increase in personal income taxes along with predicted increases in a range of other taxes is likely to offset any benefit in reduced interest rates.
Both the residential and commercial property markets continue to fall dramatically, and there continues [...]
Posted in Blogging | Tagged be, budget, for, in, ireland, mortgages, the, what, will
Miami is the county seat of Miami-Dade County and is the single most populated county in Florida. Miami’s population is just over 409,000, making Miami the largest city within the Miami metropolitan area. According to a United Nations estimate, in 2007 Miami had become the fourth largest urbanized area in the country, behind [...]
Posted in Blogging | Tagged amp, miami, mortgages, reverse, statistics
By now, if you have been watching the news at all you’ve either read or heard all about the bankruptcy of Lehman Brothers and the Sale of Merrill Lynch to Bank of America. Many senior homeowners can find relief in the fact that any of the funds that they may have had on deposit with [...]
Posted in Blogging | Tagged a, breed, dying, jumbo, mortgages, reverse