Home Mortgage Applications Jan 2012

Applications for home mortgages surged more than 20 percent last week, fueled by a wave of refinancing demand as interest rates dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, jumped 23.1 percent in the week ended January 13.

"Home Mortgage Applications Jan 2012"

Hipotecas Prestamos 09:09 AM |

Adjustable-Rate Mortgage Buyers

Danbury Real Estate - Low mortgage rates have many homeowners rushing to refinance, and the vast majority of those borrowers opt for fixed-rate home loans. Yet for some homeowners, an adjustable-rate mortgage can be a financially savvy choice when they refinance.

Nowadays, adjustable-rate mortgages, or ARMs, appeal to two groups of borrowers. The first group consists of homeowners who need jumbo loans, above the conforming loan limit of $417,000 in most markets and $625,500 in high-cost housing markets. Many of these borrowers want to keep their payments as low as possible when they refinance, so they're attracted to lower-rate ARMs. The second group comprises homeowners who have firm plans to sell their homes in a few years because of scheduled job transfers or retirement.

Hipotecas Prestamos 07:13 AM |

Fannie Mae Freddie Mac Mortgage Look Ups

Ossining NY Real Estate - Could you please inform us as to what steps to take in order to find out if a bank has sold a mortgage, and if so, when and to whom? My son has a first and a second with two major banks and they tell him they still own the loans. He bought his house in 2006 and is way underwater, and he has not missed a payment and has good credit. But the banks tell him he does not qualify for HARP. —A.E.

ANSWER: For starters, to qualify for HARP, the mortgage in question must be owned or guaranteed by either Fannie Mae or Freddie Mac. You can check their websites or call their toll-free phone numbers to find out if your son’s loans meet that requirement. That would be:

Fannie Mae’s Loan Lookup Call 800-372-6643. Freddie Mac’s self-service lookup. Call 800-373-334

Hipotecas Prestamos 02:12 PM |

Refinance Mortage Rates Nov 18 2011

Ossining NY Real Estate - Refinance Mortgage Rates for Friday, November 18, 2011

Refinance mortgage rates are currently higher on Friday, November 19, 2011. Today’s mortgage refinance rates on 30 year conforming home loans are averaging 4.08%, an increase from yesterday’s average 30 year refinance mortgage rate of 4.03%. Today’s mortgage refinance rates on 15 year conforming home loans are averaging 3.36%, up from yesterday’s average 15 year rate of 3.33%.

Jumbo refinance mortgage rates on 30 year jumbo refi loans are averaging 4.54% an increase from yesterday’s average 30 year jumbo refinance mortgage rate of 4.52%. 15 year jumbo mortgage refinance rates are averaging 3.81%, up from yesterday’s average 15 year jumbo mortgage refinance rate of 3.79%.

Hipotecas Prestamos 02:14 PM |

CT Scholarship Funds Association of Realtors

Newtown CT Real EstateFor Immediate Release

HARTFORD, CT – (August 16, 2011) – The Connecticut Association of REALTORS®, Inc. presented its 2011 Raymond F. Gates Jr. Memorial Scholarships at its most recent Board of Directors meeting. The Raymond F. Gates, Jr. Memorial Scholarship Fund was established in 1976 in memory of Raymond F. Gates, Jr. following his tragic death in an automobile accident. Mr. Gates was the Executive Vice President of the Connecticut Association of REALTORS®. Over the past 35 years, children of REALTORS® have been awarded scholarships totaling approximately $675,000.

"CT Scholarship Funds Association of Realtors"

Hipotecas Prestamos 09:13 PM |

30 Year Fix 4.09 15 Year Fix 3.29 Sept 2011

Bergen County New Jersey Real Estate - Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates. .

The average rate on the 30-year fixed mortgage was unchanged at 4.09 percent this week, Freddie Mac said Thursday. That's the lowest rate seen since 1951. The average rate on the 15-year mortgage ticked down to 3.29 percent. Economists say that's the lowest rate ever for the loan.

"30 Year Fix 4.09 15 Year Fix 3.29 Sept 2011"

Hipotecas Prestamos 12:59 PM |

Real Estate Transactions 1Q-3Q 2011 Dutchess Orange Putnam Ulster Westchester Counties

Orange and Rockland counties contributed 521 real estate transactions to the New York State Office of Real Property Tax Service's database in the last two weeks.

The state added 256 for Orange County and 265 for Rockland. Putnam lost one while Dutchess, Ulster and Westchester were flat.

This brings the 2011 totals recorded by the state to 1,854 for Dutchess; 1,123 for Ulster; 3,915 for Orange; 7,659 for Westchester; 2,079 for Rockland and 920 for Putnam.

Hipotecas Prestamos 12:11 AM |

Brookfield CT Schools iPad Tablet Computer Programs

Brookfield CT Real Estate - For incoming freshmen at western Connecticut’s suburban Brookfield High School, hefting a backpack weighed down with textbooks is about to give way to tapping out notes and flipping electronic pages on a glossy iPad tablet computer.

"Brookfield CT Schools iPad Tablet Computer Programs"

Hipotecas Prestamos 07:47 AM |

Massive Home Owner Home Loan Refinancing Ideas

Danbury CT Real Estate President Obama is reconsidering a plan to allow millions of homeowners with government-backed mortgages the ability to refinance their mortgage at historically low rates in an effort to boost a still struggling U.S. economy, the New York Times reported, citing two people briefed on the administration's discussions.

One version of the plan, which has been in circulation for several years and had earlier been rejected as both too expensive and too cumbersome to administer, would allow borrowers who have mortgages that are ultimately backed by mortgage finance giants Fannie Mae and Freddie Mac to refinance at the prevailing market rate, regardless of creditworthiness or the home's worth relative to the mortgage.

"Massive Home Owner Home Loan Refinancing Ideas"

Hipotecas Prestamos 08:03 PM |

Obama Massive Mortgage Home Loan Refinancing

Danbury CT Fairfield Real Estate

By Margaret Chadbourn from Reuters - The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages.

The administration has been working for weeks on how to implement a mortgage relief program. President Barack Obama could include a nod to the plan in a speech on job creation next week, sources familiar with the administration's plans said.

"Obama Massive Mortgage Home Loan Refinancing"

Hipotecas Prestamos 07:56 PM |

Efficient Lighting Electric Devices Powering U.S. Homes

Brookfield Center Real Estate - American homes are more cluttered than ever with devices, and they all need power: Cellphones and iPads that have to be charged, DVRs that run all hours, TVs that light up in high definition.

But something shocking is happening to demand for electricity in the Age of the Gadget: It's leveling off. Over the next decade, experts expect residential power use to fall, reversing an upward trend that has been almost uninterrupted since Thomas Edison invented the modern light bulb.

"Efficient Lighting Electric Devices Powering U.S. Homes"

Hipotecas Prestamos 07:38 PM |