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Mortgage rates for the day starting October 29 headed south rather than up as hoped for the week earlier. The unexpected closure of the markets due to Hurricane Sandy on the east coast as well as a lack of movement … Continue Reading
While there may have been some hope for a slight increase in mortgage rates at the end of the week of October 26, in fact the rates dropped down again. On the other hand, lenders are started to diversify across … Continue Reading
Mortgage lending rates for home financing continue to stay at historical lows, with increased activity and loan execution occurring as the industry finds ways to lend even with tighter credit restrictions. The mid-October average 30-year fixed rate performance hasn’t … Continue Reading
The Federal Housing Adminstration announced today that they will reduce insurance premium costs. The FHA also announced that mortgage companies must also provide help to military personnel who were wrongfully foreclosed upon. The program was also detailed by President Barack … Continue Reading
Mortgage Insurance premiums have long been tax deductible on your Federal taxes. Starting in 2012, the deduction is no longer valid. This deduction expired on Jan 1, and could effectively increase the costs of homeownership –on top of the … Continue Reading