Mortgages and Home Loan Interest Rates
May 2, 2008 - Long-term mortgage interest rates declined Thursday, and the benchmark 10-year Treasury bond yield increased to 3.76 percent. The 30-year fixed-rate average sank to 5.72 percent, and the 15-year fixed rate dipped to 5.29 percent. Meanwhile, the 1-year adjustable rate fell to 5.9 percent. Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
"Mortgages and Home Loan Interest Rates"
Hipotecas Prestamos 12:00 AM
April 1st 2008 Mortgage Fixed Rates
The 30-year fixed-rate average sank to 5.67 percent, and the 15-year fixed rate dipped to 5.19 percent. The 1-year adjustable rate, however, jumped to 5.52 percent. The 30-year Treasury bond yield was down at 4.29 percent.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
Hipotecas Prestamos 03:57 AM
March 2008 Fixed Mortgage Interest Rates
Long-term mortgage rates this week were mixed, with the 30-year fixed rate falling and the 15-year rate rising, Freddie Mac reported today.
The average rate on 30-year fixed loans dipped from 5.87 percent to 5.85 percent, while the 15-year average rose from 5.27 percent to 5.34 percent. By contrast, a year ago the 30-year averaged 6.16 percent and the 15-year averaged 5.86 percent. To qualify for these rates, borrowers must pay points, or fees that lenders charge for loan processing expressed as a percent of the loan, which this week averaged 0.4 on the 30- and 15-year loans.
Average rates on adjustable-rate mortgages (ARMs) climbed in the latest survey, with five-year Treasury-indexed hybrid ARMs gaining from 5.56 percent to 5.67 percent and the one-year Treasury-indexed ARMs increasing from 5.15 percent to 5.24 percent. Points paid on these loans averaged 0.6 and 0.5, respectively.
Hipotecas Prestamos 06:39 PM
Learn Mortgage Home Loan Terms
What is a Mortgage Loan - Types of Mortgage Home Loans
What is Mortgage Discrimination - What is Subprime Mortgage Lending - What is Predatory Lending
Hipotecas Prestamos 12:21 AM
About Long Term Mortgage Interest Rates Home Loans
Week of March 3, 2008 - Long-term mortgage interest rates posted more gains Thursday, and the benchmark 10-year Treasury bond yield was down at 3.58 percent. The 30-year fixed-rate average rose to 6.12 percent, and the 15-year fixed rate climbed to 5.53 percent. The 1-year adjustable rate jumped to 4.73 percent.
The 30-year Treasury bond yield decreased to 4.56 percent. Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
Hipotecas Prestamos 11:07 PM
Foreclosure Process Rate 4th Qtr 2007
Loans entered the foreclosure process at a record rate during the 4th '08, and things are likely to get worse before they get better, the chief economist for the Mortgage Bankers Association said today. Although reductions in short-term interest rates have lessened the shock of interest-rate resets for many borrowers with adjustable-rate mortgage (ARM) loans, falling home prices are leaving more homeowners with little or no equity in their homes and less incentive to keep up on their mortgage payments, said MBA Chief Economist Doug Duncan.
"Foreclosure Process Rate 4th Qtr 2007"
Hipotecas Prestamos 01:09 PM
Consumers Paying Home Mortgage Loans Late
JPMorgan Chase and Wells Fargo, two of the nation's biggest banks, growing chorus warning that the subprime mortgage mess is just the start of a sweeping lending crisis. And some fear that consumers falling behind on all kinds of loan payments could tip the economy's scale toward recession.
"Consumers Paying Home Mortgage Loans Late"
Hipotecas Prestamos 07:28 AM
Why The Fed Reduced the Federal Funds Rate
Mortgage and Home Loans - The Federal Reserve slashed 50 basis points off both the "federal funds rate" the rate banks charge each other for overnight loans and the discount rate, the rate the Fed charges for direct loans to banks.
The reduction in the target for the federal funds rate, to 4.75 percent, marked the first time the Fed had cut the overnight rate since June 25, 2003. At the time, the Fed was capping a series of reductions intended to encourage borrowing and stave off a recession after the dot-com stock market bust and the Sept. 11, 2001, terrorist attacks.
"Why The Fed Reduced the Federal Funds Rate"
Hipotecas Prestamos 11:29 PM
Seguros de las Hipotecas
Por ley, estamos obligados a contratar un seguro de daños que cubra el valor del inmueble tasado. Normalmente, la entidad financiera nos va a sugerir que contratemos su seguro, pero no puede obligarnos a contratarlo. Lo malo es que los bancos muchas veces nos presionan para que contratemos su seguro, jugando con el incremento de intereses. Pero nosotros podríamos hacerlo con otra compañía y designar a la entidad como beneficiaria de la póliza.
Además de asegurar el continente o la estructura de la vivienda, es conveniente cubrir otras posibles contingencias. Para ello existen los siguientes tipos de seguros:
-Seguro multirriesgo del hogar.
-Seguro de vida o de amortización del préstamo.
Hipoteca 04:11 PM
The Effects of a Bad Mortgage Market
Mortgage and Home Loans - It's hard to avoid negative news about the mortgage lending business. The growth of foreclosures have several sub-prime lenders are closing shop, and fortunes could be lost as mortgage-backed securities have gone up in smoke. How will these trends impact someone who's trying to buy or sell a home?
"The Effects of a Bad Mortgage Market"
Hipotecas Prestamos 06:11 PM
30-Year Mortgages Fall to Lowest Rate
Borrowing costs on home loans dipped to a three-month low this week, providing much-needed relief to home buyers who are facing a tight lending climate.
Freddie Mac reported a drop in the 30-year fixed rate to 6.45 percent from 6.52 percent a week earlier, while interest on 15-year fixed loans slipped to 6.12 percent from 6.18 percent. Adjustable-rate mortgages, however, moved in the opposite direction.
The five-year ARM settled at 6.35 percent for the week, up a notch from 6.34 percent a week ago; and interest on one-year ARMs averaged 5.84 percent compared to 5.6 percent.
Hipotecas Prestamos 06:05 PM
How To Find Foreclosure Bargains
Foreclosures Are Up, but Bargains Hard to Find - Real estate professionals specializing in foreclosures in California and elsewhere say business is brisk, but nowhere near what it was during the housing downturn in the 1990s. And bargains are hard to find.
During the second quarter of this year, foreclosures were nearly 10 percent of all resales, compared with just 1.7 percent a year earlier. But that's still off the peak of nearly 15 percent seen twice during the mid-1990s, according to DataQuick Information Services, which has been tracking real estate transactions since 1988. DataQuick's analysis of recent sales found no pattern of foreclosure properties regularly selling for less than comparable homes.
Hipotecas Prestamos 08:25 AM
15 and 30 Year Mortgage Home Loan Interest Rates
Mortgage - Long-term mortgage rates fell again this week mostly on news of disappointing job growth and an increase in jobless claims, Freddie Mac and Bankrate.com reported today.
"15 and 30 Year Mortgage Home Loan Interest Rates"
Hipotecas Prestamos 04:54 PM
Sub-Prime Mortgage Foreclosure Funds
Mortgage - Six states are trying to reduce the number of home-mortgage foreclosures by setting up funds that help home owners with subprime mortgages refinance into more affordable ones.
Maryland, Massachusetts, New Jersey, New York, Ohio, and Pennsylvania are investing $500 million in programs that are either supported by bonds or are offered in conjunction with Fannie Mae and Freddie Mac.
"Sub-Prime Mortgage Foreclosure Funds"
Hipotecas Prestamos 11:57 AM
