Daily Mortgage News

President Obama is at it again, and I like it! President Obama is trying to create a $75 billion dollar stability program for "responsible homeowners." That term is meant for consumers who purchased their home with a down payment and have not been late on their mortgage but can not refinance or sell because their equity went down. This program is solely to help home owners who are not flippers or investors. This program should help up to 5 million homeowners who have conforming loans through Fannie Mae or Freddie Mac so that they would be able to refinance. It's about time...

Daily Mortgage Rates

Conventioal 30 Yr. Fixed Rate: 5.375%

FHA 30 Yr. Fixed Rate: 5.50%

100% (USDA) 30 Yr. Fixed Rate: 5.50%