Posts Tagged ‘mortgage news’

Fixed or ARM rates Mortgage?

Thursday, February 11th, 2010

excuse my ignorance, what do they mean when they talk about fixed and ARM rates?
And also, we have a balance of ,000 on a Mortgage with a maturity date of 8/2014, we are planning to get a Home equity Loan, but my husband is the only one with employment, can we still qualify for a Home Equity Loan

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What must be a debt to income ratio to qualify for home equity loan? ?

Friday, November 13th, 2009

What is a debt to income ratio to qualify for Home Equity Loan / Home Equity line of credit.

What if I go to mortgage brokers who have access to "B" type lenders at higher rates?

Thanks guys!

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I am buying a new home. What is the 30 yr fixed rate mortgage forecast for the next month (May-June)?

Thursday, October 8th, 2009

What I am really asking is, does the forecast for interest rates predict a continued drop in mortgage rates for the next 30 days? Trying to decide when to lock in. Thanks

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Why aren't mortgage rates going down despite the Fed rate cut?

Sunday, October 4th, 2009

We would like to refinance our current mortgage and I was hopeful that the result of the Fed rate cut would be a drop in the mortgage rates. However, it seems like mortgage rates only dropped by about 1/4 % point (I was hoping to go down to about 5% on a 30 year fixed rate with no points with an excellent credit score). What determines whether mortgage rates fall and how much?

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Home Mortage Rates: 1% Lower – When to refinance?

Monday, September 21st, 2009

My home mortgage rate is currently 6.375%.

The mortgage rates in my state is lower then the current one I have. [Michigan]

When do I know when to refinance? Should I let it drop some more, or shold I lock in the rate now?

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