Adjustable-Rate Mortgages May Still Work for Those Who Know What They Can Afford

Adjustable-rate mortgages aren’t very popular these days. Thanks to the bad press ARMs have been getting, home buyers are flocking to the security of fixed rates. But that does not mean ARMs are dead. While ... More... (Mortgage Education)
Add a Comment , April 18th, 2008

Fixed Mortgage Rates Still Lower Than Adjustable Rates

NEW YORK, March 27, 2008 /PRNewswire-FirstCall via COMTEX/ -- Fixed mortgage rates inched lower over the past week, with the average conforming 30-year fixed mortgage rate now 5.95 percent. According to Bankrate.com's weekly national survey ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , March 27th, 2008

Group protests at mortgage group meeting

CHICAGO (AP) - Glarushiah Davis is afraid she'll lose her home because of an alleged predatory lending scheme. The 62-year-old retired social worker refinanced her $122,000 four-bedroom home in Minnesota four years ago, after a call ... More... (Mortgage News)
Add a Comment , , March 12th, 2008

Mortgage Defaults Reach a New High

WASHINGTON — Defaults on home mortgages touched another all-time high at the end of the last year as foreclosures surged on adjustable-rate mortgages, an industry group reported on Thursday. The latest data is expected to put ... More... (Foreclosure News, Education, and Updates, Mortgage News, Real Estate News)
Add a Comment , , , March 6th, 2008