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
HUD announced that the Upfront Mortgage Insurance Premium on FHA loans would increase effective April 1, 2012 by as much as .75% of the loan amount. The UMIP is financed over the life of the loan. HUD also stated that … 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 Starting in 2012, the deduction is no longer valid.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
It is nothing new that Credit Unions have dominated the auto-finance business, at least for those folks with good or excellent credit. According to Callahan & Associates, there was a 10% increase in consumer auto loan originations in the first … Continue Reading
Capital One continues offer savings rates that are far more aggressive than the average. Current rates are as follows. InterestPlus Online Savings .85% APY + 10% quarterly bonus on interest earned! $1000 minimum deposit. High Yield Money Market .65% APY … Continue Reading
With Unemployment figures down, CD rates are headed in the wrong direction. Fed Chair Bernanke said in testimony to congress that the economy was up against strong “headwinds”, and the Fed would keep rates low for an “extended period” of … Continue Reading
