Dec 21, 2009
Mortgage Rate Hot Topics for December
Here are a few articles we have found interesting when it comes to mortgage rates today:
FHA Home Loan Rates December 21 – Mortgage Rates Move Up This Week
With mortgage interest rates still well below 5% it is a good idea to go ahead and submit that mortgage refinance application that you have been working on. Many American homeowners will submit mortgage applications when the new year rolls around and you do not want to be on the bottom of that stack. Work hard and get the application submitted sooner rather than later.
Ineligible Home Loan Mortgage Modification Borrowers Source Of Low Modification Numbers?
Many have stated that the source for the low numbers from top lenders in the home loan modification program lies with ineligible borrowers and the program is running as it should, yet the homeowners are the source of trouble when it comes to passing from the trial period to a permanent modification.
HopeNow, Loanport Hold Chase, GMAC Accountable
There has been quite a bit of frustration felt by homeowners attempting to get loan modifications from lenders. Anecdotal evidence is abound regarding the failure of banks to process the modifications, losing paperwork. Conspiracy theorists whisper that the banks have no interest in modifying the loans; banks merely wish to appear to work with enough customers so as to appease Washington.
What’s Ahead For Mortgage Rates This Week : December 21, 2009
Mortgage markets improved last week as pricing followed a roller coaster-like pattern. After touching a 6-week high Tuesday, rates rallied to weekly lows Thursday, and then jumped back higher Friday. Despite the improvement last week overall, mortgage pricing remains significantly worse from the all-time lows set in late-November.
In Week Of Historic Changes Mortgage Interest Rates Hold Even
In a week of historic changes in the US financial markets mortgage interest rates held pretty much even across the board. With the market making the largest one day drop in decades and also one of the largest one day gains in a long time to mention nothing of the historic 700 billion dollar bailout package we would have expected something to happen with mortgage rates. Instead we saw some of the smallest changes in rates we have seen all year.