Daily Mortgage News

"Making Home Affordable" That is the program that is here to help about 4 to 5 million homeowners across the country. You must have a current mortgage with either Freddie Mac or Fannie Mae  and the home must be your primary resdidence. The payment would be reduced to no more than 31% of the borrowers gross monthly income. There are deadlines on this and youonly have until Decemeber 31, 2012. More information to follow.

Daily Mortgage Rates

Conventional 30 Yr. Fixed Rate: 5.375%

FHA 30 Yr. Fixed Rate: 5.50%

100% (USDA) 30 Yr. Fixed Rate: 5.75%