Welcome to Home Mortgages
Historical Mortgage Rates Article
This is a selection made from among articles on Historical Mortgage Rates. For a permanent link to this article, or to bookmark it for future reading, click here.
from:
The New Mortgage
By Jason Holter
Thanks to Federal Regulators there is once again good and bad news. The bad news is more paperwork and tougher standards when applying for and ultimately purchasing your home. Creating tightened guidelines for stated income and piggy back loans and stricter rules for option arms and interest only is meant to create security for the lenders.
Good news for home buyers? YES! Ever since the days of School House Rock we have known that "Knowledge is Power!" nothing has changed. If the borrower knows the rules, they can be prepared to meet the lending institution requirements and come out ahead or no worse for the wear.
Here are the basic steps to survive and flourish under the new "Rules"
1. Be prepared to have payroll stubs and or tax returns available. Instead of using stated income, using actual income will ensure that you get the right size payment and decrease the chances of default later on.
2. Keep your credit report up to date. Check for errors in information. If you find errors contact the reporting credit bureau in writing in order to get the error corrected.
3. Keep credit card payments current. Pay off your credit cards as often as possible in order to help lower your debt to income ration. This will aid you in getting a loan and improve your credit.
4. Once you have applied for a loan, it is important that you do not make any major purchases as it may stop your loan from being approved. Make all purchase after the closing and funding of the loan.
Although initially the new rules may seem insurmountable, the reality is preparation is the key. The new rules will stabilize the demand for real estate and slow the price increases on property. With real estate becoming more affordable, there will be less default and increased access for potential home buyers. Welcome Home!
Jason Holter is an experienced and ethical Mortgage Lender from the Houston area. Jason works closely with the most respected realtors. Jason is so confident about his services, he offers a "2 Day Doc Guarantee". He guarantees that if your closing documents aren't at the title company two days before you are scheduled to close, he will waive his origination fee. To date, he has not had to return the fee to anyone. Jason's website is http://www.yourclearlakemortgage.com
Article Source: http://EzineArticles.com/?expert=Jason_Holter
http://EzineArticles.com/?The-New-Mortgage&id=891561
Historical Mortgage Rates Specific links
New Rap Music
- Search Emerging Artists & Help Vote Them Into Stardom. Join Today
-- http://www.ourstage.com/
Get Hired
- Earn more money with a better job now
-- http://www.hotjobs.com/
Ripe Tv
- Hottest Video portal on the internet. Every Kind of Video - Supermodels, Martial arts, Cool shows, Pick Miss Ripe and More!
-- http://www.ripetv.com/
EBAUMS World
- Cippi, the farting chipmunk - A snake gets iced in Cippi's latest adventure!
-- http://www.ebaumsworld.com/
Free Online Kids Games
- Hundreds of fun free online games for kids.
-- http://www.alfy.com/
Historical Mortgage Rates News
Australia cuts rates to 6-½ year low, may cut again - guardian.co.uk
 Property News | Australia cuts rates to 6-½ year low, may cut again guardian.co.uk, UK - The central bank's task was aided by most of the main commercial banks which hurried to cut their variable mortgage rates -- which are the most commonly ... Real estate's temple of doom Business backlash over 'dangerous' union era Economists predict more rate cuts |
TransUnion: 3Q credit card delinquency rate rises - The Associated Press
TransUnion: 3Q credit card delinquency rate rises The Associated Press - "But really, we haven't seen delinquencies on the card side reach the historic highs that we've seen on the mortgage side." He noted that card issuers have ... |
TALF-abet soup and the new Fed bid for MBS - Structured Credit Investor (subscription)
TALF-abet soup and the new Fed bid for MBS Structured Credit Investor (subscription), UK - Although mortgage rates are near historical lows, negative HPA, tighter underwriting standards and risk-based pricing have severely curtailed borrowers' ... |
Grim data crush 5-day stock rally - Los Angeles Times
 Reuters | Grim data crush 5-day stock rally Los Angeles Times, CA - Given that mortgage rates are normally pegged to the 10-year T-note, the development could lower the cost of buying a home. But such a result is not certain ... Video: Stocks Drop Nearly 700 on Recession Confirmation UPI NewsTrack Business |
Central Bankers Open the Floodgates to Fight Deflation - Gold Seek
 ABC News | Central Bankers Open the Floodgates to Fight Deflation Gold Seek - The Fed succeeded in driving the 30-year mortgage rate a half-point lower to 5.50% last week, enabling millions of homeowners to re-finance their monthly ... Bernanke: Interest rate cuts won't be enough Bernanke’s Remarks on Fed Policies and the Financial Crisis US Treasury and the Fed: too close for comfort? |
Treasury Yields Hit Record Lows, But Will it Last? - Housing Wire
 Reuters | Treasury Yields Hit Record Lows, But Will it Last? Housing Wire - Mortgage rates historically tend to move in tandem with 10-year Treasury yields, although spreads in this area have been well outside historical averages ... Bernanke's quantitative policy remarks flatten curve |
Treasurys rally on economic weakness - CNNMoney.com
Treasurys rally on economic weakness CNNMoney.com - Bank lending: Lending rates were mixed Monday. The 3-month Libor rate was unchanged at 2.22%, according to Bloomberg. The overnight Libor eased to 1.09% ... |
Monday Morning Outlook: Will Historic Returns Give Way to ... - Schaeffers Research
Monday Morning Outlook: Will Historic Returns Give Way to ... Schaeffers Research, OH - The latter action pushed mortgage rates down, with the benchmark 30-year fixed rate at 5.76% heading into Friday, down from 6.77% only 4 weeks ago. ... |
California Infrastructure Investment to Result in Thousands of New ... - MarketWatch
California Infrastructure Investment to Result in Thousands of New ... MarketWatch - ... investment component and the Sacramento region copes with an unemployment rate of 7.9% and one of the worst mortgage foreclosure rates in the nation. ... |
European stocks stage late rally ahead of rate cuts - Reuters
European stocks stage late rally ahead of rate cuts Reuters - "With the current valuation levels and volatility gauges, it would be a surprise to see stocks revisiting the historic lows reached recently. ... |