Mortgage refinance rates - Refinance Home Loan Mortgage Rates Fall Sharply [10to5mortgage.blogspot.com]
MORTGAGES HOME EQUITY LOANS REFINANCE RATES HOME LOANS CREDIT CARDS WE CATER ALL TYPES OF LOANS VISIT US NOW AND APPLY ONLINE NO FEES In a society built on borrowing, debt has become as American as baseball and apple pie. For most of us, there are two kinds of debt: mortgage loans, which...
10to5mortgage.blogspot.com MORTGAGES HOME EQUITY LOANS REFINANCE RATES HOME LOANS CREDIT CARDS WE CATER ALL TYPES OF LOANS VISIT US NOW AND APPLY ONLINE NO FEES
The mortgage industry has experienced slow application activity over the past several months, but that jogging pace may turn into a sprint as mortgage rates fell to historical lows recently. On November 25, the government announced some major credit stimulation initiatives in a bold move to bolster the depressed housing and mortgage markets. On the news, home loan rates tumbled by one-half percent, a move seldom encountered in the mortgage business. Three major components came together to create the sharp drop. First, the Treasury announced that they would now guarantee Fannie Mae and Freddie Mac debt and purchase up to $ 100 billion of that debt, thereby bolstering investor attraction to the safety of their issued bonds. Secondly, the Treasury announced that it would purchase up to $ 500 Billion of Fannie, Freddie, and Ginnie securities, creating much needed liquidity i n the mortgage markets.
Finally, Treasury yields dropped in a major one-day move, almost one-quarter percent on the 10-Year Treasury bond.http://www.mortgagerefinancerates.goodarticlesite.com/refinance-home-loan-mortgage-rates-fall-sharply/
The result of this perfect storm of financial news was a one-half percentage point drop in mortgage rates and a potential beginning for stabilization in housing. Historically low mortgage rates may be just the stimulus needed to drive potential homebuyers off the fence to begin the offering process.
After the government announcement, many lenders were offering par rates in the 5.5 percent range for 30-year fixed rate mortgages. Home loans at this price may be a hard deal to pass up for those refinancing loans and purchasing homes, especially in light of the roller coaster ride that mortgage rates have taken so far this year.On the refinancing front, although interest rates are low, home prices continue to deteriorate across the country. The National Association of Realtors recently announced that sales of existing homes fell by 3.1 percent in October, and the median home sales price plunged 11.3 percent from a year ago to $ 183,000. On this news, it's important to keep in mind that a homeowner's qualified refinance home loan interest rate may not be as low as advertised offer rates, if their loan-to-value (LTV) ratio exceeds 80 percent. So, it's a good idea for those considering a mortgage refinance to get a handle on the value of their home, before they start shopping rates. The spread appears to be tightening for higher LTV home loan scenarios, but those refinancing over 90 percent of their home's value will most likely get the best deal w ith an FHA refinance.
http://www.mortgagerefinancerates.goodarticlesite.com/refinance-home-loan-mortgage-rates-fall-sharply/
Recommend Mortgage refinance rates - Refinance Home Loan Mortgage Rates Fall Sharply ArticlesQuestion by : What are the fha home loan rates like as of now? I'm looking to use a fha refinance for my current home.? FHA refinance loans seem like my best option at the time for refinancing my home loan. Can anyone provide me with some information pertaining to the current fha rates? Best answer for What are the fha home loan rates like as of now? I'm looking to use a fha refinance for my current home.?:
Answer by David Z
15 yr is 4.75
Answer by b-rad
4.875%-5.00% (on a 30 year mortgage) is about the lowest going rate right now. Alot is factored into that rate but that's what you're looking at for rate. You can refinance up to 97.75% of the value of home. hope this helps. Good luck.
Answer by Joy Anderson
I am Joy Anderson i was in need of a loan of $ 100 000 USD and was scammed by those fraudulent lenders and a friend introduce me to Mr John clarke,and he lend me the loan without any stress,you can contact him at clarkeloanscompany12@yahoo.com
Answer by Hellen Peters
Hello, I live in the US and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through really rough times in my life and my name is Helen Peters and in all this hard times, a worse incident occurred in my life as i lost my job which was my only means of survival and things became really bad as i had bills to pay and my last son suffered a knee injury incurred when he fell from a tree house and the doctors informed me that he needed a surgical operation for his knee so he could walk again and at this point, life was useless to me as i have no family and no one to run to and each night, i will sit down and cry till the break of dun until one day, i read an advert on yahoo answers of man that stated that he could help people in my shoes with loans and in my desperate situation, i had no choice but i had to try and so shocking and surprising, it was like an impossibility becoming a reality, i got a loan of $ 75,000 USD even with my bad credit within 48 hours and my sons surgery was done and thank GOD it was successful and now, i am okay and living in comfort with my kids and i said to my self, i have never ever seen this kind of wonder in life and i decided i will tell it to the whole wild world and i need every one to thank GOD for Mr John Mark, the man GOD used to rescue me and my family even when all hope had been lost and gone and i will say to every one, no matter how dark and sinful the world is today, there are still GOD fearing and reliable people on earth and if you are in my former situation or require a loan legitimately, i will advice you contact this loan lender and you can reach him via john108023@yahoo.com.hk, and i want you all to pray for this man for me
Answer by John
I am Mr. John Clarke, a Reputable, Legitimate, Certified, Reliable & an accredited money Lender. I loan money out to individuals and corporate bodies in need of financial assistance. Do you have a bad credit or are you in need of money to pay bills? I want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest flat rate. What did your bank say concerning having a loan from them???? Don't feel disappointed if they refuse granting you a loan. I hate what the banks do when customers/consumers are willing to lend money even with collateral and valid documents. I look forward permitting me to be of service to you. Send me an- E-mail me by replying to my email clarkeloanscompany12@yahoo.com and I'll do my best to help you out in your bad finances situation. Regards, Mr. John Clarke.
Answer by Noneya
4.5 - 4.75% on a 30 year fixed depending on points. 3.625% on an FHA 5/1 arm.
