Subprime Blogger » Home Mortgage Loan Rates

Home Mortgage Loan Rates – Chase and Citigroup Mortgage Rates Drop

admin — Thu, 25 Feb 2010 15:00:57 +0000

Home mortgage loan rates have been very low for the entire month of February but we are currently seeing Chase and Citigroup mortgage rates drop. Almost all mortgage lenders are reporting lower mortgage rates as February is coming to a conclusion.

The 30 year fixed mortgage rate is currently down to 4.8% while the 15 year fixed mortgage rate is down to 4.2%. Two of the major mortgage lenders in this country, Chase and Citigroup, continue to market low mortgage rates on television and on the Internet. Please be aware that these are not your only options when it comes to getting a low mortgage rate.

It would be very wise to contact many mortgage lenders before deciding which lender is right for you. By making a few simple phone calls you’re likely to find what type of customer service you are going to receive from a specific mortgage lender. Some individuals prefer customer service even over low mortgage interest rates.

With home mortgage loan rates extremely low it should not be hard to find a company that is going to work hard to please you. There is great competition in this industry and you should not feel that Chase and Citigroup are your only options. Make sure to exhaust your resources before picking the correct mortgage lender.

Author: Heather Best

Home Mortgage Loan Rates – Wachovia Takes Assistance of Wells Fargo

admin — Mon, 22 Feb 2010 15:00:31 +0000

Not too long ago Wachovia took the assistance of Wells Fargo as Wells Fargo purchased the southern bank. With huge exposure to the home mortgage industry Wells Fargo realized that this could be a very good investment. With home mortgage loan rates currently about 5% Wells Fargo may have made the right decision.

Over the last year we have seen mortgage interest rates below 5% for quite some time. Both Wachovia and Wells Fargo stand to benefit from this low interest-rate environment because they will gain new customers and still have access to borrow money at very low interest rates from the Federal Reserve Bank.

It will be very interesting to see how much profit Wells Fargo makes this year but it is likely to be a drastic increase from the post credit crisis disaster. With mortgage rates still extremely low there is no reason that Wells Fargo will not continue to add customers each and every day. Before deciding this bank is right for you you should make sure to exhaust your resources.

There are many small banks and large banks throughout the United States that will offer you great customer service. It would be wise to contact these lenders and see which bank will fulfill your needs the best. Every individual is unique and every bank could help each individual in a different way.

Author: Jeremy North

Home Mortgage Loan Rates – Free Mortgage Rate Updates Online

admin — Wed, 17 Feb 2010 15:30:54 +0000

Home mortgage loan rates have been very low for quite some time. In fact, in 2010, we have not seen conventional 30 year fixed mortgage rates go higher than 5%. With this being the case many Americans are looking to get free mortgage rate updates online. Luckily, there are many banks that can help you with this.

By going on the website of any major bank you are likely to find many options for getting mortgage rate updates via email or text message. It is important to note that you may want to limit these updates as they can get excessive. Some iPhone apps can update several times a day and it can get irritating.

If you have been looking to lock in to a low mortgage interest rate then it might be wise to get as many free mortgage rate updates as possible. You can always access websites from most mortgage lenders and get up to the minute data on current mortgage rates. With the advancements in technology you should have no trouble finding current mortgage rates.

Almost all mortgage lenders are currently advertising mortgage rates below 5%. Please understand that not all borrowers are going to have access to mortgage rates this low. You will need a significant amount of equity in your home and a very impressive credit score above 740 to get rates around this level.

Author: Alan Lake

Home Mortgage Loan Rates – Lock in to Low Interest Rates Today

admin — Mon, 15 Feb 2010 15:30:16 +0000

Many Americans have saved a great amount of money with home mortgage loan rates being very low. If you are currently looking to refinance or get your first mortgage then it would be very wise to lock in to low interest rates today. At the present time the 30 year fixed mortgage rate is around 4.8% which is very close to 2010 lows.

Home mortgage loan rates have been between 4.7% and 5% for the entire year of 2010. When looking at historical data for mortgage rates you can clearly see that this is one of the longest periods of low mortgage rates in the history of the United States housing market. No one knows how much longer it will last but do not let this opportunity pass you by.

There are many mortgage lenders who are currently advertising mortgage rates well below 5%. It is very important to understand that your mortgage rate will be greatly determined by your credit score. If you are looking to refinance then you will need to have a significant amount of equity in your home as well.

WIth the advancements in technology you should be able to get all the information you need online. Make sure to do your homework and find the lowest possible mortgage rate for you. Each financial situation is unique so you will not be able to base your estimates on someone else’s recent experiences.

Author: Mike Garner

Home Mortgage Loan Rates – Find Lenders with the Best Service

admin — Fri, 12 Feb 2010 15:30:04 +0000

Home mortgage loan rates are still historically low so it would be wise for most homeowners to find mortgage lenders with the best customer service. With the amount of competition in this industry it should not be hard to find a mortgage lender that will be willing to go above and beyond to help you find a low interest rate.

There are many banks that have gotten bad reputations for treating customers as if they were just a number. Some of these banks continue to make a significant amount of money because there were few other options. With the advancements in technology today there is no reason to think that there are not other options when it comes to getting a low mortgage rate.

By simply doing some google searches you will find there are many mortgage lenders in your area that will be more than willing to help you find the lowest overall mortgage interest rate. Make sure to contact several lenders before deciding which lender is right for you. Do not give in to the banks that have treated you badly in the past.

Home mortgage loan rates are approximately 4.9% for the 30 year fixed mortgage rate. It is important to understand that these are mortgage rates for very well qualified homeowners. If you do not have a high credit score and little equity in your home you are going to find hard to get interest rates this low. Make sure to do your homework and find a rate that is attractive to you.

Author: Jeremy North

Home Mortgage Loan Rates – Underwater Mortgage Causing Mortgage Bailout Help

admin — Wed, 10 Feb 2010 15:30:43 +0000

There are many Americans that are currently paying on an underwater mortgage which is causing them to need a mortgage bailout. Unfortunately, many Americans need more help now than ever when it comes to making their mortgage payment. Home mortgage loan rates have been very low for the entire year of 2010 but some homeowners do not have the equity in their home to take advantage of these low mortgage rates.

If you do not have a significant amount of equity in your home and a credit score above 740 you are going to find it very difficult to refinance to low mortgage rates. It is especially true that if you have an underwater mortgage that you are not going to be able to refinance. If you are in a good financial position the best thing you can do is put more equity in your home.

If this is not an option for you and you need mortgage bailout help then you might want to consider doing research on the Making Home Affordable website. This website will better help you to understand what your options are to lower your monthly mortgage payment. One of the most common ways of doing this is going through home loan modification.

It would be wise to take a significant amount of time to research the option of home loan modification. If an underwater mortgage is causing you great difficulty then one of the only options you will have is to take advantage of the Making Home Affordable plan and get your home loan permanently modified.

Author: Alan Lake

Home Mortgage Loan Rates – First Time Home Buyers Look for New Homes

admin — Mon, 08 Feb 2010 15:30:38 +0000

Home mortgage loan rates have been below 5% for the entire year of 2010. With mortgage rates very low and tax credits available there many first time home buyers that are looking for new homes. Unfortunately, this seems to be the only type of buyers in the market at the present time as most people have already refinanced.

Even though mortgage rates are well below 5% the amount of refinance activity continues to take decline in 2010. Most of the refinancing that was done over the last two years has taken those borrowers who had the ability to refinance out of the market. This leaves mostly first time homebuyers to hold up home prices.

With home mortgage loan rates extremely low and tax credits available there is a very good possibility that we will continue to see many first time home buyers enter the market. It will be interesting to see when the tax credit expires if these first time home buyers continue to hold home prices at a stable level.

If you are looking for a new home and you would like to get a low mortgage rate then you will need to make certain that you have a debt to income ratio of less than 50%. If you find that you have a low credit score and a significant amount of debt then you will not qualify for low mortgage rate.

Author: Jeremy North

Home Mortgage Loan Rates – Find the Best Affordable Interest Rates Available

admin — Fri, 05 Feb 2010 15:30:47 +0000

If you are looking to find the best affordable interest rates available then you will need to make sure to do your research. For much of 2010 home mortgage loan rates have been between 4.8% and 5% for the 30 year fixed mortgage rate. This level is extremely low when looking at historical charts of mortgage rates.

If you are willing to do your homework and contact several lenders there’s a good chance that you could find the best affordable mortgage interest rates available. What you need to understand is that the best interest rates available may not be available to you. You must have equity in your home and a credit score above 740 to get the lowest possible mortgage interest rates.

Many people have refinanced their home mortgage loan rate over the last few years and they have seen great benefits. Some of these homeowners have saved several hundred dollars a month on their mortgage payment. Do not miss out on this opportunity as many analysts feel that mortgage interest rates are likely to rise in the near future.

With the advancements in technology it should be rather easy to research the best affordable mortgage interest rates. By simply doing some google searches you are going to find that there are many companies that are currently advertising low rates. It would be wise to contact these companies and consider submitting a mortgage application.

Author: Alan Lake

Home Mortgage Loan Rates – Wachovia 30 Year Fixed Rates at 4.9%

admin — Mon, 01 Feb 2010 15:30:56 +0000

Home mortgage loan rates have been very stable for the entire month of January. To start February, Wachovia mortgage rates are around 4.9% for the 30 year fixed rate. Most mortgage lenders are currently advertising rates around this level as the conventional 30 year fixed has been between 4.8% and 5% since 2010 began.

Wachovia Bank, which is a division of Wells Fargo, holds a significant amount of mortgages in the Southeast. When Wachovia was not owned by Wells Fargo their headquarters were in Charlotte North Carolina which made them one of the biggest banks that offered mortgages to the states of Florida, South Carolina, North Carolina, Tennessee and Georgia.

Most homeowners in these states still consider Wachovia to be a major player in the mortgage industry. Little do these individuals know that Wells Fargo bought this company during the credit crisis. Wells Fargo, one of the major banks based out of San Francisco, California, continues to increase its mortgage exposure into 2010.

Wells Fargo mortgage rates are very competitive when comparing this bank to the entire industry. As stated earlier, most banks are advertising 30 year fixed mortgage rates around 4.9%. It would be wise to contact several lenders and see if you can find them very competitive interest rate in February of 2010.

Author: Jeremy North

Home Mortgage Loan Rates – Fixed Refinance Mortgage Rates Move Up

admin — Fri, 29 Jan 2010 15:30:47 +0000

Home mortgage loan rates have been stable for much of January but it looks as if we are seeing a late push higher. Fixed refinance mortgage rates have went from 4.79% to 4.95% in the matter of one day on the 30 year fixed rate mortgage. The 10 year treasury rate yield hit the support level of the 50 day moving average and has moved higher; this has pushed mortgage rates up significantly.

Here at Subprime Blogger we mentioned that the 10 year treasury rate yield was sitting right on its support level and we expected a jump. With that jump there was a good chance that mortgage interest rates would move higher. This is exactly what has happened over the last 24 hours There is very little argument that the 10 year yield is in a strong uptrend which is going to push mortgage rates higher.

If you have been looking to refinance at a low fixed rate then you might want to take action sooner rather than later. If you continue to wait you could be looking at mortgage rates closer to 6% than 5%. The Federal Reserve Bank plans to stop buying mortgage backed securities by the end of March which is another reason that mortgage rates could move up a full percentage point.

Do not let this low interest rate environment pass you by. Now is one of the best times in the history of the United States housing market to refinance your home. If you wait too long you may forego this opportunity and miss out on some amazing savings.

Author: Alan Lake