FHA Home Loan Rates October 27 – Interest Rates Stable Today
FHA home loan rates for October 27th, 2009 are stable in light volume. We have not see much movement in mortgage interest rates as the volume as been extremely light on Tuesday morning. Currently, the conventional 30 year fixed rate mortgage is at 4.94% while the 15 year fixed is at 4.33%. The 5/1 ARM [...]
Unemployment Benefits Extension – 14 or 20 More Weeks of Benefits for the Unemployed?
UPDATE: Unemployment Benefits Extension Passes 87-13 in the Senate The current talk of an unemployment extension has been a hot topic in Washington. Senate Majority Leader Harry Raid has created a deadline of October 27th to come to terms with the extension of the first time home buyer tax credit and unemployment benefits or he [...]
First Time Home Buyer Tax Credit Extension – April 2010 for Full $8000?
The first time home buyer tax credit extension is definitely the talk of the real estate and mortgage industry at the present time. With the expiration on the tax credit looming, November 30th, many real estate agents, mortgage brokers and homebuilders are pushing lawmakers to send the credit before it expires on November 30th. The [...]
Biggest Day Ever for Subprime Blogger! Thanks to All!
In the quest for 1 million Google searches that send users to Subprime Blogger we had our biggest day ever! On Monday, October 26 we received 5201 Google searches. The hot topic remains the first time home buyers tax credit. We are sure to put another article up today chronicling the progress of the tax [...]
Mortgage Interest Rates October 27 – Rates Move Up Today?
Mortgage interest rates for October 27th, 2009 are mixed early but are they poised to move higher? The 30 year fixed mortgage rate is up to 4.93% while the 15 year fixed is down to 4.33%. The 5/1 ARM is up slightly to 3.83%. Yesterday we saw a strong move higher in the 10 year [...]
Refinance Home Loan Rates – Mortgage Rates Poised to Move?
Refinance home loan rates have been at or around 5% for quite some time. Mortgage interest rates could very well be poised to make a big move in November but which way will that move be? The Federal Reserve is going to stop buying US Treasuries in November so that would point towards higher mortgage [...]
Obama Refinance Plan – Lower Mortgage Rates This Fall?
The Obama refinance plan was designed to help all home owners refinance to a lower mortgage interest rate. The number of foreclosures has drastically increased over the last few years. President Obama and his staff realized this was a problem for not only the economy but for everyone in America. You may not realize it [...]
Home Mortgage Loan Rates – November Brings Low Interest Rates?
Home mortgage loan rates have been at or below 5% for quite some time. For the entire months of September and October we have seen the conventional 30 year fixed mortgage rate around 5%. There have been ebbs and flows above and below but ultimately the benchmark mortgage rate continues to remain at 5%. Will [...]
30 Year Fixed Mortgage Rates; Lowest Interest Rates Ahead?
The average for 30 year fixed mortgage rates has been right at 5% for quite some time. In fact, since the beginning of September, mortgage interest rates have bounced around 4.9% to 5.1%. The question many borrowers are asking is “are the lowest mortgage interest rates ahead of us?” No one knows the true answer [...]
Lew Rockwell: Economics and Moral Courage
By Llewellyn H. Rockwell, Jr. located at www.lewrockwell.com It must be really painful to be an economist of the mainstream today, or, at least, it should smart to some extent. In a financial and economic calamity of the current scale, people naturally want to know who issued the warnings about the real estate bubble and [...]
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