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:

Low Mortgage Rates and Tax Credits Indicate Blooming Spring 2010 Housing Market
As we get ready to say are final goodbyes to the winter of 2010 as the clock strikes midnight tonight, welcoming in March 20, 2010 and the first day of spring, let hope spring 2010 holds true to the significance of what spring signifies for us. This spring, if you haven’t been paying attention to the [...]
03/19/2010 05:03 PM

Anti-Flippers: a Beneficial New Trend in Real Estate
According to an article in today’s Investor’s Business Daily, an interesting new trend is emerging in battered real estate markets – the “anti-flipper”. During the real estate run-up of the early 2000s, many people would buy an investment property, often distressed, with the intention of quickly renovating it and selling it off at a [...]
03/19/2010 03:16 PM

California Housing Market Shows Signs of Recovery
Finally, some good news for the California housing market – median home prices are on the rise. According to a report released by MDA DataQuick, a La Jolla, California housing-data provider, California’s median home price rose from $224,000 in February 2009 to $249,000 in February 2010, an increase of 11.2%. Thanks to record low current [...]
03/19/2010 02:48 PM

Loan Modification Can Harm Credit Scores
The Obama administration’s loan modification program, HAMP (Home Affordable Modification Program) has been criticized for being too confusing, taking too long to complete, not enrolling enough distressed homeowners, not making enough permanent modifications, and just generally being ineffective (the program was designed to help millions, but only 170,000 homeowners have completed the modification process as [...]
03/19/2010 02:00 PM

Foreclosure Solutions from the Chicago Fed
Regular readers of this space know that the burgeoning foreclosure trend represents a serious threat to recovery efforts in the housing market and the economy as a whole. The Chicago Fed partnered with several prominent state and local housing associations and groups at the Federal Reserve System’s Conference of Presidents Mortgage Outreach and [...]
03/19/2010 11:38 AM

Mortgage Rates Remain Steady Below 5%
As the Federal Reserve prepares to wind down its commitment to purchase $1.25 trillion in mortgage-backed securities, mortgage rates remained below 5% for the third consecutive week. As expected, Federal Reserve reiterated its stance earlier this week to end the program on March 31. Soon after, Freddie Mac reported the average mortgage rate on a [...]
03/19/2010 11:08 AM

FHA Mortgage Lending Changing - What Consumers Need to Know?
Interested in capitalizing on low current mortgage rates and obtaining a home mortgage loan backed by the Federal Housing Administration (FHA) in 2010? If so, be prepared to meet stricter lending guidelines and borrowing requirements for FHA loans. At a recent hearing by the House Subcommittee on Housing and Community Opportunity, Federal Housing Administration commissioner [...]
03/18/2010 03:51 PM