Archive for the ‘mortgage rates’ Category
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Mortgage market and interest rate commentary for Friday June 12, 2009
September 13th, 2009 | 
Author: 
mortgage market and interest rate commentary from Bruce Brown, CMPS with Pulaski Bank Home Lending and Radio host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.
Duration : 0:3:10
Mortgage Interest Rates and Buying a Home
Realtor Mike Rampf talks to Gary Bains about the benefits of having a lower bank rate when buying a condo or house. You'll pay down more of your principal loan and have a lower monthly payment. Real Estate Agent take on BC Canada housing market.
Duration : 3 min 26 sec
Record low mortgage rates
Low mortgage rates encourage homeowners to refinance and first time buyers to take the plunge.
Duration : 0:2:8
Housing report: Why longer term mortgage rates are rising
Bernard Hickey delivers a housing report in association with ASB, including a look at this chart showing where longer term mortgage rate are likely to be heading. This chart shows wholesale interest rates and how they’ve been on a slowly rising trend in recent months despite the Official Cash Rate being on hold. This has seen some banks increase their longer term mortgage rates slightly in the last week or so. Here’s the full interactive chart. http://www.interest.co.nz/charts/gallery7-90.asp
Duration : 0:1:56
Mortgage Refinance Rates Phoenix Scottsdale Chandler Glendale
http://www.VIPmortgagesystem.com – Special Report! Who REALLY has the lowest refinance rates in Phoenix, Scottsdale, Glendale, Mesa and Chandler Arizona? Find out here by watching this special video.
Duration : 4 min 58 sec
5 Precautions to Watch out For When Getting a Mortgage
With mortgage rates at their lowest level in some time, it\’s a great time to obtain a mortgage for that long-dreamed about home. But it\’s also a bad time to overlook certain things in the mad dash to sign on the dotted line. Steer clear of the following pitfalls, and you should fare well.
Mistake Number One: Not Doing Your Homework
Mistake Number Two: Not Getting the Right Loan for You
A loan is a product, and just as in life, one size doesn\’t always fit all. Oftentimes lenders want to sign up people for the same type of mortgage. Hence you may be offered a loan that is inappropriate for your needs. Decide what loan is right for you. If you intend to trade up to a bigger house in a few years, an variable rate mortgage may be the right one for you, but if you intend to stay in your home longer, you should probably opt for a fixed rate. You\’ll pay a higher rate, but you won\’t be subject to \”payment shock\” that sometimes comes with rising interest rates.
Mistake Number Three: Not Getting a Lock-in Rate in Writing
A mortgage broker or mortgage company representative can tell you that a rate will be locked in, but such talk won\’t help you at settlement if the rate has changed and you\’ve got no written proof of the previous arrangement. Get a statement detailing the interest rate, the length of the rate lock and additional details of the loan before proceeding with your purchase.
Mistake Number Four: Thinking a Pre-qualification Means a Pre-approval. Some people pin their home-buying hopes on a mortgage pre-approval. They think they go out and can afford a certain type of house and they can\’t.
Unfortunately, they can\’t buy anything until their credit has been checked and the deposit has been verified. Pre-qualifying is just a quick credit check based on the information an individual provides. A pre-approval, on the other hand, means a mortgage professional has checked the employment history, verified funds, studied an individual\’s credit record and so forth. Getting pre-approved rather than pre-qualified saves a lot of heartache.
Mistake Number Five: Taking on Too Much Mortgage
Sometimes a mortgage broker is so anxious to get you into another house that they will \’massage\’ the numbers to get you a mortgage. That may seem like a nice thing to do at the time, but once you get into your house, you might discover that you are financially strapped and might not be able to make the payments.
Mortgage Interest Rates in New Jersey
http://www.Mortgages23.com – Who REALLY has the lowest mortgage interest rates in New Jersey? Find out here and learn why current rates are not always accurate. How to get the best rate from your lender.
Duration : 5 min 2 sec
Falling Mortgage Rates
Potential buyers got some extra motivation on Tuesday when mortgage interest rates dropped another half percent. Priya David reports.
Duration : 0:1:53
Another Spike Higher In Mortgage Rates – Bloomberg
The bond market has ignited a spike in mortgage rates and that could snuff out the recent increase in home sales. (Bloomberg News)
Duration : 0:1:49