Your Home May Not Be Worth the Appraised Value, Wait Until You Read This
The number of mortgage applications has been up seemingly every week since late November. While there may be some swayed statistics in these reports, we do know that mortgage applications are up when compared to the summer and fall months of last year. The first step in the mortgage application and refinancing process is to [...]
Mortgage Rates Will Continue Lower, But…
…can you lock it at these historically low rates? Please vote in the poll below: <a href =”http://answers.polldaddy.com/poll/1249997/” >Will You Be Able to Lock in at these Low Rates?</a> <br/> <span style=”font-size:9px;” mce_style=”font-size:9px;”> (<a href =”http://www.polldaddy.com”> surveys</a>)</span> With the US Treasury doing everything possible to stimulate the housing market and the troubled economy it is [...]
Why Can’t I Get That Low Mortgage Rate Advertised?
There is a perfect storm in the mortgage market right now. Those who do not need credit can obtain it while those that do need credit cannot obtain it. Unfortunately, this is a problem that low mortgage rates cannot fix. Seeing mortgage rate advertisements for rates as low as 4.5% is very alluring to borrowers, [...]
Americans Refinancing an ARM to a Fixed Rate Mortgage
In April of 2006, 32% of mortgages were adjustable rate mortgages (ARM). Fast forward 33 months and that number has dropped to 3%. Just under three years ago, ONE THIRD of mortgages were ARMs and today only one THIRTY-third of mortgage are adjustable in their rate. It is quite obvious that many borrowers have refinanced [...]
Refinance Now! Freddie Mac Predicts Mortgage Rates to Increase by March 2009
Refinance has been the buzz word of the real estate and financial markets since the beginning of November when mortgage rates started to fall. For nine consecutive weeks, the 30 year fixed rate mortgage has declined. Three of those weeks have been fresh historic lows. With that knowledge, many Americans feel they should wait to [...]
2008 Most Influential Posts at Subprime Blogger
We started Subprime Blogger on October 28th, 2008 and it has been an amazing ride. Our intention was to provide influential mortgage and interest rate information with other financial news sprinkled in. Ultimately, I feel we have done that. With this special time in the housing industry, education about the issues at hand is essential. [...]
Refinance at 4.75% – Your 2009 Resolution?
Over the last two weeks, MANY homeowners have locked in at 4.75% and zero points. The 30 year fixed rate fell for the ninth straight week and it is the third straight week of all time record lows since data was initially collected in 1971. Since the beginning of November, rates have fallen over 1.25% [...]
New Year’s Resolution – Pagerank of 7
Yesterday, we at Subprime Blogger learned that Google has assigned our site with a pagerank of 5. We knew that our site had valuable information, but this just confirms the need for the content available on this site. We are going to continue to work hard providing quality content concerning mortgage rates and financial information. [...]
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