The FHA has played a major role in helping home buyers purchase home since the collapse of the mortgage industry. Over the years the FHA has increased and decreased the mortgage insurance premiums it has charged to borrowers. However, the recent decrease in mortgage insurance premiums by the FHA and FHA mortgage rates makes the FHA Streamline Refinance an attractive home loan.
Getting a mortgage in today's real estate environment takes planning, preparation and patience on the part of the home buyer. If the home buyer is working with an experienced loan officer who knows what documents to ask for up front and how to guide ones loan application through the underwriting process the mortgage process can be much easier for the home buyer.
European Banks are in uncharted waters…only these waters are inverted...up is down and down is up. Who has ever heard of negative interest rates? That just seems messed up! As the European Central Bank has begun its version of Quantitative Easing, that’s exactly what has happened. Mortgage rates on some mortgage products have gone below zero. What kind of affect could that have on U.S. mortgage holders?
Mortgage rates improved slightly on Friday after an unexpectedly weak jobs report was released by the Labor Department. Economists predicted the strength seen in the labor market the past several months would continue when the March numbers were released. But the numbers came out and disappointed to the downside causing mortgage rates to improve by a small margin.
A year ago the news was that the mortgage rates were going to go up but it never happened in 2014 and the folks buying homes could get really good rates on their mortgages. Now in 2015 we are hearing again an even more solid information that Mortgage rates will begin to rise in 2015.