Bad Credit Mortgage Refinance – Lowest Rates Possible?
Going through the bad credit mortgage refinance process is something that many Americans are going to do in the next several months. Many of these home owners would like to know what the lowest rates possible are for them. In all reality, the only way to know what mortgage interest rate you are going to [...]
Government Mortgage Refinance Plan – Can I Get a Lower Rate?
The current government mortgage refinance plan was created to help everyone get a lower mortgage rate. Prior to March of 2009 mortgage lenders were being very strict with their lending practices and only the best borrowers had the opportunity to lock into a low mortgage rate. When the Obama administration enacted the Making Home Affordable [...]
Wells Fargo Refinance Mortgage Rates – 30 Year Fixed 4.8%
Wells Fargo refinance mortgage rates continue to remain low with the assistance of the Federal Reserve Bank. The conventional 30 year fixed rate mortgage is currently at 4.8% which is extremely low when looking at the historical chart of mortgage interest rates. For those who have a desire to refinance their home mortgage now might [...]
First Time Home Buyer Tax Credit Extension Poll – Over 3000 Votes
The first time home buyer tax credit extension has been extremely popular in the media and with potential first time home buyers. When the news first broke of the potential extension we created a poll on Subprime Blogger. We have received over 3000 votes with a significant majority strongly in favor in the extension or [...]
VA Home Loan Mortgage Rates October 21 – Current Rates Up Today
VA home loan mortgage rates for October 21st, 2009 were up early on. Current conventional mortgage rates are up across the board today. The conventional 30 year fixed mortgage rate is up to 4.83% while the 15 year fixed is up to 4.3%. The conventional 5/1 ARM is also up to 3.78%. VA home loan [...]
Unemployment Rate Higher in 23 States; Nevada, Rhode Island and Florida at New Highs
The unemployment rate was higher in 23 states last month while 19 saw a drop in unemployment. The United State Labor Department stated that Nevada, Rhode Island and Florida are at the highest levels of unemployment since 1976. The state of Michigan had the highest level of unemployment at 15.3% with Rhode Island (13%) and [...]
Bank of America Refinance Mortgage Rates Remain Low
Bank of America refinance mortgage rates remain low as the conventional 30 year fixed mortgage rate is currently at 4.79%. The 15 year fixed rate mortgage is at 4.25% while the 5/1 ARM is down to 3.65%. The low levels for mortgage rates are expected to last as President Obama and his administration recently released [...]
Obama to Announce Community Bank Assistance Effort; TARP-Like Program?
Later today President Obama is expected to announce the community bank assistance effort. The effort is part of the TARP program and is expected to help small banks. The Americans Banker’s Association has asked for TARP funds of $5 billion to assist small community banks fund more loans. Currently the Treasury Department has spent over [...]
Mortgage Applications Drop as Rates Increase; Refinancing Declines
For the second straight week mortgage applications dropped with a huge decline in refinancing home loans. Mortgage interest rates moved up and remained above 5% which is a psychological level that many home owners would like to refinance the home loan under. The Mortgage Bankers Association reported that its seasonally adjusted index was down 13.7% [...]
Wells Fargo Profits From Mortgage Business; Acquisition of Wachovia
Unlike many big banks Wells Fargo continues to profit from traditional banking and the mortgage business. Many analysts doubted the acquisition of Wachovia and the long term ramifications remain to be seen but a great deal of mortgage business was assumed with the purchase of Wachovia. Wells Fargo reported interest income of $5.57 billion after [...]
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