Mortgage Newsletter (1/20/2012)
Posted in Uncategorized on January 19th, 2012 by Admin – Comments OffDear Mortgage4House.com Readers,
Welcome to the Mortgage Newsletter (1/20/2012). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.
Mortgage News
Mortgage foreclosure law revisions advised
Foreclosures in Hawaii have plummeted 53 percent since the Legislature passed sweeping mortgage legislation last year, officials said Thursday. (More)
Mortgage rate continues to hit new lows
The average rate on a 30-year fixed mortgage reached a new low this week, falling to 3.88 percent, according to data released Thursday by Freddie Mac . The average 30-year rate fell a fraction of a percentage point below last week’s 3.89 percent, the previous record low, and marks the seventh consecutive week in which the average has been below 4 percent. The average 15-year mortgage rate, which … (More)
Rate on 30-year mortgage down to record 3.88 pct.
The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so. (More)
Mortgage applications surge amid record-low rates
Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans. (More)
Has Obama’s Housing Policy Failed?
“I don’t think anyone could have done anything to stabilize the housing market,” said Ed Jacob, executive director of NHS Chicago, which provides homeownership and foreclosure prevention services. (More)
Rate cuts fail to raise consumer sentiment
The RBA reduced the cash rate by 25 basis points in November and again, by the same amount, in December. (More)
Mortgage Articles
Home Loan – Common Reasons Why You Should Get a House
The thought of finally getting a home loan and having a house may seem like a distant dream for some. However, the American Dream is now more possible than ever. (More)
FHA Streamline Refinance – Net Tangible Benefit
Discussion of the FHA Streamline Refinance. FHA describes a net tangible benefit as a reduction of principle, interest, and mortgage insurance payments by 5%. That’s $1.8 Billion back in the pockets of everyday homeowners, instead of sitting in the coffers of banks, bond holders, and Wall Street traders. (More)
Financial Solutions by an Efficient Mortgage Broker
In the selection of financial advisor or mortgage broker, final decision is yours. In this regard, you need to arm yourself with thorough understanding and knowledge about services to take help of right service provider. … (More)
New Jersey home mortgage loans: look out for the right provider
The need for New Jersey home mortgage loans can arise at any point of time and thus having the right access to the best kind of sources for the same is important. Though there might … (More)
What Is a Debt-To-Income Ratio (DTI) and Why Is It Important?
One of the most important qualifying criteria in the mortgage industry is the debt-to-income ratio, or DTI. Your DTI is critical for an underwriting decision because it indicates your capacity, or ability, to repay a mortgage loan. (More)
This newsletter is provided by Mortgage4House.com.