Mortgage Rates & Information

Daily Mortgage News Fannie Mae is dishing out some VERY big bonuses this year to their "key executives" to keep them. They are giving out more then half of what they gave out last year. Freddie Mac is also planning on giving out some bonuses but they haven't released any information [Read More]

Daily Mortgage News Fannie Mae is reporting that refinances almost TRIPLED in Febuary sin January! It should actually keep increasing because of President Obama's plan. Refinancing people into lower interest rates will help us try and prevent future foreclosures because homes will be more affo [Read More]

Daily Mortgage News For all those homebuyers that are "waiting" for the market to get worse and prices to drop, it's time to step up and buy because the prices just might not drop much more! Housing starts have risen above expectations. We are seeing a 22.2% monthly increase. Buildin [Read More]

Daily Mortgage News As long as political leaders continue helping and don't witdraw support for the plans made to stabilize our economy we should be out of recession by the end of this year! Bernake, who is the Federal Reserve Chairman, is just hoping that we can count on political help & [Read More]

Daily Mortgage News Freddie Mac, which was taken over by the government in September, is assigning a new CEO. John Koskinen. John was a non executive chariman with Freddie Mac since Freddie Mac was taken over by the government. I hope John can do his job better then previous CEO David Moffett did. [Read More]

Daily Mortgage News More people are steeping out their to buy homes. Mortgage applications jumped up by 11.3%.  Rates were better then they have been and borrowers were locking their rates in. All together March so far has been a better month then Febuary in the mortgage market. People a [Read More]

Daily Mortgage News There is a new Bill out there called the Frank Bill. This Bill is to limit mortgage securitization. Basically they want lenders to hold on to more of their mortgages which would cause them to pay more attention to the quality of the loan. The resaon I say this because this [Read More]

Daily Mortgage News If your a buyer and your currently applying for financing or have to apply for financing NOW is the time to do it cause rates are being re-priced for the WORSE! So lets get those rates locked in before the lenders update their price sheets (rates). Also Daily Mortgage Rates C [Read More]

Daily Mortgage News Wow rates down to 2%... thats right 2%! It the governments new 5 year arm. The borrower refinancing under the new program would be offered a rate as low as 2% for 5 years and after that the rate can be brought up gradually up to what the conforming loan rates were at the time t [Read More]

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 reduce [Read More]