“Persistent worries about the global economy are roiling the stock market, but they also are proving a boon for borrowers.”   If borrowers are able, now is a rare opportunity to obtain extremely low interest rates on home financing.  Per Prabha Natarajan and Matt Phillips in today’s WSJ, read more

Luck may be with borrowers wishing to purchase or refinance their home mortgages at the current time.  30 year fixed rates dipped below 5% this past week.  Read more

Avoiding foreclosure with a “deed in lieu of foreclosure” or a “short sale” may improve your future homeownership prospects, per new proposed financing rules.  Read more

If banks adhere to federal pressure to write down second mortgages, more refinances may be possible for homeowners wishing to reduce their monthly mortgage payments on their first mortgage.  Read more

Now may be a good time to refinance.  Rates are at extrememly low levels.  WSJ writer, Nick Timiraos, studied homeowner’s current hesitancy in reducing mortgage payments with current, low rates that are available.  Read more

Real estate outlook, article in Wall Street Joural by Nick Timiraos and Anton Troianovski.  Read more

Happy New Year to our wonderful clients!  We look forward to working with you for your real estate financing needs in 2010.

Article by Victor Burek (Mortgage News Daily)

Mortgage rates continued to tick higher yesterday as benchmark Treasury yields rose and prices of mortgage backed securities fell for the sixth consecutive session.   Most of the losses occurred early in the day, so price weakness was already accounted for on lender rate sheets when they were issued.  Read More