All Entries in the "Mortgage News" Category
Wells Fargo mortgage presence almost doubled
The banking industry has become a topic that saw many consumers point fingers of blame for the lack of money in their pockets, although everything is not that simple and we’re sure plenty of people in the banking sector would disagree.
Notching lowest mortgage rates further
Within the last 24 hours we’ve heard directly from the U.S. President about his aim to help millions of people get some of the lowest mortgage rates yet, which is thanks to a refinance deal he’s pushing.
Lifetime tracker mortgage explained, imminent rate rise
You only need to travel back a few months and you could’ve seen people telling you they had a mortgage rate of 0.9%, which at first seems amazing but can be understood when you think about tracker mortgages
iPhone Mortgage Apps: Loan Calculator and Rates
When it comes to buying your first home or even moving to a bigger property, the first thing that you need to do is see if you will be able to afford it first.
Mortgage Broker Fees: The Maze Explained
Whenever you consider looking for a new home the first thing that you have to do is look at the mortgage rates and fees. There are two choices you have, to do all the legwork yourself,
Mortgage Rates and 2011 Forecast for UK Housing Market
With the rise of inflation comes the prospect that we could finally see mortgage rates go up; bad news for homeowners but good news for savers. So that means what the government gives me with one hand, then will take back more with the other – something that a number of you will know only [...]
Fixed Rate Mortgage: You Need To Act Now
Do you have a fixed rate mortgage, and if not how ready are you for the coming rate rise? It’s becoming common expectations that we will see mortgage payments increase in the coming months, and not just by a little with
New Mortgage Rules For 2011: Crystal Ball-Gazing
You may already know about the new mortgage rules in 2011, and how they will impact your life but incase you need a refresher, we thought a look at the effects of these new rules would be good.
Mortgage lending drops to eight month low as pound suffers
The Pound is already under continuous pressure because of the uncertainty of a general election due by June. The markets seem to be worrying whether the next government will be able to tackle the growing debt burden effectively, now Mortgage lenders have approved fewer mortgages in January than in the last eight months.
85,000 jobs lost over December in the U.S
The United States lost 85,000 jobs in December; this coincides with the Federal Reserve prediction that a labor market recovery will take time. This could keep interest rates down for the next 6 months.
This has come as a blow because in November a gain of 4,000 was shown. Economists surveyed by Bloomberg News believed there [...]
$6500 tax credit for home buyers
The new $6,500 federal tax credit in the US for move up home buyers that passed the Senate and House last week, has getting second billing to the original $8,000 credit for first-time purchasers. The $6,500 credit for current homeowners just might have your name on it.
Reduced Home Mortgage Rates: Competition Returns
The past few weeks have seen, several lenders, including Abbey ( LON:ANL_P), Halifax (AMEX:HX), Leeds Building Society ( LON:LBS) , Northern Rock (PINK:NHRKF) and Woolwich (LON:BARC) have recently moved to reduce mortgage rates, suggesting a loosening in the market and a welcome sign that competition is returning.
Fannie Mae needs another $15 billion Following More Losses
Fannie Mae (NYSE:FNM) the US mortgage finance firm has asked for another $15bn (£9bn) in state aid. This is the fourth time that the firm has requested state aid; this comes after the firm announcing losses of $19bn between July and September.
Home Buyer Tax Credit Extended and Expanded: The Details
The First-time home buyer’s tax credit of up to $8,000 should expire on December 1st, 2009 but will now be extended through April 30, 2010. The tax credit is also set to be extended for another year for military personnel, serving outside of the United States until June 30, 2011.
U.K. House Prices to Fall in 2010
Experts are predicting that U.K. home prices could fall as much as 6.6 percent next year, reversing an estimated 3.7 percent gain in 2009, the reason for this will be put down to unemployment deters buyers and more properties going on sale.