Mortgage Rates & Information

This is a great time for buyers, Direct Lending Group is offering a low interest rate of 4.50 on mortgages. Do not wait till they go up.

For the second time in 3 months, mortgage rates saw a slight rise last week to 4.35%, according to Freddie Mac. Since the European Debt Crisis in the spring, mortgage rates have continued to decline as investors have been shifting their funds to safer US Treasury Bonds. As long-term treasury bonds a [Read More]

If you are looking to purchase a home, now is the time to do it. I wouldn’t put it off much longer. Mortgage rates went up slightly last week to 4.35%. That means they are off the decades low of 4.32% that was tracked in 1971 by Freddie Mac. Fears about the economy are starting to ease. I hav [Read More]

Mortgage giant, Freddie Mac announced this week that mortgage rates have hit an all time low for the 9th time in 10 weeks. Mortgage rates on 30 year fixed rate mortgages have continued to decline since the spring of this year. Although the rates have continued to fall, home sales don't seem to be mo [Read More]

If you're a veteran who served at least 90 days of active duty during a declared war, or over 181 days of peace time service, you are eligible for a VA loan to help purchase a home. Note that only active veterans or those honorably discharged qualify. First things first, go online to the Department [Read More]

Sometimes called a reverse annuity mortgage, a reverse mortgage is one in which the homeowner receives a lump sum or periodic payments from the bank based on the houses equity. This mortgage may or may not have a line of credit attached to it as well. When the property on the mortgage sells, or the [Read More]

ARM (or adjustable rate mortgages) as the name implies are loans where your interest rate varies. There are some instances were having an adjustable rate mortgage is very useful, and other times when its very risky for home-buying apes. If youre considering an ARM, here are some basics you should kn [Read More]

According to mortgage giant, Freddie Mac, mortgage rates for a 30 year fixed rate mortgage fell to the lowest point so far this year. After economic concerns regarding the expiration of the FED program that was pumping 1.25 billion into mortgage backed securities keeping the rates at or around 5%, [Read More]

Although the average rate on a 30-year fixed rate mortgage remains above 5%, the rates dropped this week from 5.21% to 5.07%, according to mortgage giant Freddie Mac. Freddie Mac collects mortgage rates from lenders around the nation Monday through Wednesday, as the rates are closely tied in with [Read More]

A free five day mortgage modification seminar will take place on Feb 25 through March 1, 2010 at the Palm Beach County Convention Center in West Palm Beach, Palm Beach County, Florida.  The seminar will be held by the Neighborhood Assistance Corporation of America (NACA) in an effort to reach [Read More]