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
The Federal Reserve has announced their intention to stop buying mortgage backed assets. The housing recovery is far from over, but the government believes that it is time to back off their aggressive stance to help stimulate the real estate market. Since the end of 2008, the Federal Reserve has been buying home loan securities and bundling the mortgages that are used to fund mortgage lending. In March, the Fed plans to complete its purchase of $1.25 trillion in mortgages, even though signs of a housing stability are nowhere to be found.
Most mortgage insiders have concluded that higher mortgage rates are on the horizon.But even if the Fed holds onto the mortgage loans it has already purchased, the act of no longer buying additional home mortgages is likely to increase mortgage rates in the coming weeks. Experts say a jump of at least a quarter to a half percentage point is likely. Mortgage refinancing activity continues to decline and home loan defaults have been reported at record levels.
San Francisco Federal Reserve President Janet Yellen warned of higher rates in a speech Monday. Fed Chairman Ben Bernanke is likely to take questions about the Fed’s mortgage program when he testifies about economic conditions on Capitol Hill Wednesday and Thursday.
The spread between the interest on 30-year fixed rate home loans and the benchmark 10-year Treasury note now stands at about 1.2 percentage points. Before the financial crisis, this spread was typically closer to 1.5 percentage points
To obtain the 30-year fixed-rate mortgage under 5%, borrowers would be required to pay an average 1.50 points. The 5/1 ARM looks good as borrowers can lock in at 4.25% with no points.
[...] Many homeowners are seeking debt relief. Bankruptcy is a viable option for many consumers looking to eliminate crdeit card debt and protect their home from foreclosure. We help homeowners who have bad credit, no equity and financial hardships [...]
[...] here: FHA Mortgage Rates on the Rise? | Nationwide Mortgage Posted in Uncategorized, [...]
Great insight on FHA lending and the opportunity that is presently available for new homebuyers looking to finance affordable homes across the country. Hopefull the new FHA guidelines won’t hinder first time homebuyers. Thanks for the loan news.
Great article defining the state of mortgage loans in 2010. I will definitely re-post it on my home loan blog. Please notify me when you post articles related to the Federal Reserve, FHA and first time homebuyers. Thanks.
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.
3 Comments
February 24th, 2010 at 12:35 pm
[...] Many homeowners are seeking debt relief. Bankruptcy is a viable option for many consumers looking to eliminate crdeit card debt and protect their home from foreclosure. We help homeowners who have bad credit, no equity and financial hardships [...]
February 24th, 2010 at 2:08 pm
[...] here: FHA Mortgage Rates on the Rise? | Nationwide Mortgage Posted in Uncategorized, [...]
Great insight on FHA lending and the opportunity that is presently available for new homebuyers looking to finance affordable homes across the country. Hopefull the new FHA guidelines won’t hinder first time homebuyers. Thanks for the loan news.
February 25th, 2010 at 6:34 pm
Great article defining the state of mortgage loans in 2010. I will definitely re-post it on my home loan blog. Please notify me when you post articles related to the Federal Reserve, FHA and first time homebuyers. Thanks.