Tuesday, October 12, 2010

5 hot year-end home mortgage trends

about 1 day ago - 1 comment

The right of rescission is a right that homeowners have that allows them to get out of certain loans anytime within three days after the closing. As long as the homeowner notifies the lender within this three-day period, he can cancel the loan for any reason and without any questions.  The right of rescission is [...]

about 1 day ago - No comments

With mortgage rates falling to record lows this summer and the housing market showing signs of a pulse, refinancing activity is perking up. It's too bad that so many people are relying on oversimplified advice and bad numbers to decide when to pull the trigger. @import ‘http://heyzap.com/elightbox/lightbox.external.css’; var heyzap_link = new Heyzap(‘heyzap_games’, {“embed_key”: “d673fbb81e”}); Play [...]

about 2 days ago - 1 comment

The last time Robert McListerof My Virtual Mortgage Broker (blogger behind Canadian Mortgage Trends) contacted me, they offered a ground breaking deeply discounted variable rate mortgage exclusively to Million Dollar Journey readers. For the readers who are in the market for a mortgage in the near future, My Virtual Mortgage Broker is back with another [...]

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The record low interest rates should boost demand for mortgage-backed securities, as originators sell newly locked-in loans, according to Credit Suisse analysts. Mortgage rates continue to mine new depths and are now at record lows with a 30-year, fixed loan available for 4.27%. In this week's mortgage market focus report, analysts at the financial-services company [...]

about 3 days ago - No comments

Non-Farm Payrolls were down 95,000. The jobless rate was unchanged at 9.6%. The government lost 159,000 jobs. This number was split between Fed census workers and state workers. The private sector gained 64,000 jobs which was right in line with expectations. The bottom line is the jobs market is not keeping pace with growth in [...]

about 3 days ago - No comments

With current Canadian mortgage rates at record lows, it’s about time you considered refinancing your existing home mortgages. This is because it is now perfectly possible to secure some of the best deals on your home refinance loans. Nevertheless, in order to obtain the lowest mortgage refinance rates in Canada, it could be important for [...]

about 3 days ago - 2 comments

Why are we so reluctant to spend money on infrastructure projects? There are many projects where the social benefits exceed the costs — the need is high and the costs are low — and the projects would have the additional benefit of helping to lift us out of the recession: The End of the Tunnel, [...]

about 3 days ago - 1 comment

Your home is a valuable asset. You can tell the home equity people know this by the numerous ads aggressively promoting home equity loans and home equity lines of credit. They suggest you bring your home system to work. But it is a good idea for you? And if so, should consider what you choose? [...]

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$ 3 billion will be given by the Obama administration to help anyone getting foreclosed who’s unemployed. The Hardest Hit Fund would going to be doubled with another $ 2 billion was announced last week to be put to the fund. $ 1 billion was given to a program to help unemployed borrowers who have [...]

about 3 days ago - No comments

Filed under: Analyst Reports, Forecasts, Commodities, Currency Gold keeps powering to new record highs amid a battery of speculations. Mari Kooi, CEO of Wolf Asset Management International LLC, sees gold rising 64% to $2,200 per ounce, Bloomberg reported. If we look for a key reason for the gold rally, the most obvious one is the [...]


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