All Entries in the "Mortgages" Category
Mortgage Rates Hit More Historic Lows
As long as they keep falling, we’re going to keep telling you about them. The economy continues to struggle and mortgage rates continue to drop. This week each mortgage option reached a new all-time low except the 1-year ARM, which actually posted an increase. Mortgage rates for the week ending February 2, according to Freddie [...]
How Low Can Mortgage Rates Go?
I refinanced the mortgage in my Chicago real estate a year ago and got an outstanding rate of just over 4.00 percent on a 30-year loan. I felt lucky, since rates at the time were closer to 5 percent than 4. Here we are a year later, and today’s mortgage rates are starting to make [...]
Mortgage Rates Hit New Lows
Mortgage rates are starting the year off with a bang and have hit new record lows. That includes the 30-year fixed-rate mortgage, which fell below 4.0 percent last year for the first time on record dating back to 1971 and has remained there for the last six weeks. Freddie Mac released its Primary Mortgage Market [...]
Cheating Foreclosure Process Hurts Other Buyers
Underwater homeowners across the country are discovering that they can stay nestled in their homes for years, without making a single payment, if they follow a few steps and don’t shy away from a fight. If you are facing foreclosure, you might be able to stay in your Chicago real estate a bit longer by [...]
New Help for Unemployed Homeowners
Some out-of-work homeowners are about to get a break from paying their mortgage payments. According to Freddie Mac, nearly 10 percent of delinquencies on Freddie Mac mortgages are tied to unemployment. As a result, the government-backed mortgage giant has announced that it is giving mortgage servicers the authority to offer unemployed borrowers a break from [...]
