Mortgage Rates and Trends: Mortgage Blog from Total Mortgage

Total Mortgage provides some of the lowest current mortgage rates for new purchase and refinance transactions. We offer fixed rate mortgages, adjustable rate mortgages, FHA home loans, FHA refinances, along with some of the best jumbo mortgage rates in th Provider: Total Mortgage Services Feed Type: Informational [report]

Most recent items from this feed:

Pending Home Sales Up in July
This morning the National Association of Realtors released its Pending Home Sales Index.  The index was up slightly, increasing 5.2 percent for the month of July, but still nearly 20 percent below the level it was at in July 2009 (and if you recall, homes were not exactly flying of the shelf back then, either). [...]
09/02/2010 01:51 PM

Do You Know If You Have A Fixed-Rate Or Adjustable-Rate Mortgage?
Homeowners are smarter about their mortgages than in the past. Only 8 percent said they don’t know if they had a fixed-rate mortgage, an adjustable-rate mortgage or a more unusual type of loan, reported a poll commissioned by BankRate. If that sounds bad, consider that two years ago 26 percent of borrowers said they didn’t [...]
09/02/2010 01:28 PM

Fixed Mortgage Rates in Newark, New Jersey
Total Mortgage is currently offering some of the lowest mortgage rates in Newark, New Jersey. Newark is the largest and the second most diverse city of New Jersey. With the prices of homes declining, Newark has become a buyer’s market and demand for fixed rate mortgages are rising. Total Mortgage is here to help your [...]
09/02/2010 12:36 PM

Today’s Mortgage Rates at Total Mortgage For Thursday, September 2, 2010
It’s Thursday already, and the weekend is only two days away.  Before Hurricane Earl blows your holiday plans away, take a look at the mortgage rates we are posting at Total Mortgage today. Mortgage rates continue to hit all time lows, and many people are taking advantage of this unique opportunity to lock in some [...]
09/02/2010 08:48 AM

Low Rate 15 Year Mortgages Help Pay Off Debt
More homeowners are taking advantage of low interest rates to refinance into shorter terms, such as 15 year mortgages, to pay off their mortgages sooner, sometimes even if it means higher monthly payments. During the first half of the year, 26 percent of homeowners who refinanced opted for a 15 year fixed rate mortgage, compared [...]
09/01/2010 02:42 PM

Should Fannie and Freddie Become Landlords?
In the ongoing debate over housing finance reform, people have floated a variety of proposals aimed at solving the foreclosure problem and developing an improved securitization and finance system.  Today we have another new idea, this time from Federal Reserve Governor Elizabeth Duke, via Bloomberg’s James Tyson. Duke said one of the best ways to [...]
09/01/2010 01:53 PM

Mortgage Activity Up, Mortgage Rates Hit New Lows
According to this week’s Weekly Application Survey from the Mortgage Banker’s Association, mortgage applications increased slightly from the previous week, rising 2.7 percent (seasonally adjusted).  Refinance activity increased again, and is up 2.8 percent (seasonally adjusted) from the week prior.  Refinance applications are now at their highest point since May of 2009.  Purchase applications also [...]
09/01/2010 12:48 PM