Nationwide Mortgage understands the growing demands of American consumers so we are always adding home loan programs so borrowers can be sure they are getting the best mortgage refinance and purchase programs.
Blogroll
FHA Refinancing
- This is a great FHA blog that provides mortgage updates for FHA lending products.
Government Mortgage
Check out the government loan programs from FHA, VA and the USDA.
Loan Modification
- Consider refinancing alternatives before foreclosure.
FHA Mortgage
FHA Mortgage
- Finance a New Home with only 3% Down
In a recent article, the MBA forecasted mortgage trends for 2010 interest rates, mortgage refinancing activities and more. According to Mortgage Banker Association’s Weekly Application Survey, thirty-year mortgage loans with fixed rates dropped through November, falling 18 basis points relative to the month prior and ending November at 4.79 %. Fifteen-year home mortgage rates reached a new record low for the survey of 4.27%. The percentage of borrowers selecting the 15-year has risen in 2009 as a result of the widened spread between 15- and 30-year home loans. MBA forecasts that 30-year mortgage rates will rise through 2010 to end the year at 5.7%. In addition to conventional loans, MBA believes that both VA and FHA mortgage rates will rise a percentage point between now and 2011.
On a seasonally adjusted basis, home purchase loans applications declined almost 20 % from October to November. Mortgage refinance applications rose by about 1% over that time. MBA projects that mortgage loan originations will decrease from almost $2.0 trillion in 2009 to about $1.5 trillion in 2010. MBA forecasts that purchase originations will increase from $718 billion in 2009 to $804 billion in 2010, while refinance loan originations are projected to fall from $1.246 trillion to $693 billion. The Federal Reserve and U.S. Treasury home loan programs continue to dominate the secondary market. In November, Federal Reserve purchases of agency MBS accounted for about 80% of new MBS issuance from Fannie Mae and Freddie Mac.
FHA Mortgage Loans for Low Rate Refinancing & Purchase
Take advantage of low FHA rates available for mortgage refinancing and homebuying opportunities. Affordable FHA mortgages are available to borrowers who meet the FHA loan requirements.
