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30 Year Fixed Mortgage Rates Move Higher in November?

The average for 30 year fixed mortgage rates has been around 5% since the beginning of September.  As October concludes there is a strong possibility that mortgage interest rates could move higher in November.  The Federal Reserve Bank is going to conclude its US Treasury purchase program by the end of October would could push [...]

Bad Credit Home Loans – Increase Your Credit Score for Lower Rates

Bad credit home loans are often difficult to get with a low interest rate.  To get a lower interest rate on your home loan you should increase your credit score to the best of your ability.  Conventional 30 year fixed mortgage rates are currently around 4.8% and if you can increase your credit score to [...]

CIT Group Bankruptcy Nets Goldman Sachs $300 Million in New Deal

The possibility of a CIT Group bankruptcy remains but there is a chance that the lender could complete a deal to pay Goldman Sachs $300 million rather than $3 billion over a disputed payment.  The Wall Street Journal reported that CIT Group has reached a tentative deal with Goldman Sachs.  The deal would end a [...]

Bad Credit Mortgage Refinance – Save Money by Refinancing Today

Going through the bad credit mortgage refinance process is something that is not easily done but it can end up saving your a lot of money over the long run.  Many bad credit borrowers are saving money by refinancing today rather than waiting and risking that mortgage rates will go higher.  The conventional 30 year [...]

Government Mortgage Refinance Plan – Obama Keeps Mortgage Rates Low

The government mortgage refinance plan was created to help home owners who were struggling to refinance their home at lower mortgage rates.  President Obama continues to do what it takes to keep mortgage rates low.  Just this week he released another plan that would help low to middle income families to buy or rent a [...]

Subprime Bloggers 1 Million Google Searches Quest Continues

Subprime Blogger continues its quest for 1 million Google searches and  we realize if is going to be a long and difficult journey.  We continue to push forward as a staff and we added 2722 searches yesterday.  It was not an amazing day as far as traffic but slow and steady wins the race and [...]

Mortgage Interest Rates October 23 – 30 Fixed Up Early Today

Mortgage interest rates for October 23rd, 2009 are mixed early.  In very light volume the 30 year fixed mortgage rate is up to 4.86% while the 15 year fixed is down to 4.27%.  The 5/1 ARM is up rather significantly to 3.87% but once again in very light volume.  Going into a fall weekend we [...]

Bank of America Refinance Mortgage Rates – Interest Rates Bounce Higher

Bank of America refinance mortgage rates have been extremely low since the beginning of September but we have seen a recent bounce higher in mortgage interest rates.  The conventional 30 year fixed mortgage rate is currently up to 4.88% while the 15 year fixed is up to 4.31%.  When looking at historical mortgage rates you [...]

Wells Fargo Refinance Mortgage Rates – Yields Move Rates Higher

Wells Fargo refinance mortgage rates have been around 5% for over a month.  The 10 year treasury rate yield has been in a steady down trend but after hitting support at the 200 day moving average could yield move mortgage interest rates higher?  For much of the summer we saw the 10 year treasury rate [...]

AIG, Bank of America, Citigroup, GM Have Executive Pay Cuts; Among Others Bailed Out

Today we found out that seven major companies that got bailed out will have the compensation of their top earners cut.  The seven companies affected are AIG, Bank of America, Citigroup, GM, Chrysler, GMAC and Chrysler Financial.  Kenneth Feinberg was given the responsibility to rework the compensation rate for these companies for the remainder of [...]

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