Refi Post

What are Mortgage Rates Linked To? (0)

6/30/09 •

Many people are misinformed about how mortgage interest rates are determined. The disbelief lies in a misconception that mortgage interest rates are tied to the Treasury 10 year bond. Well… that is completely false. Mortgage interest rates are linked to the trading of mortgage backed securities. Tracking mortgage backed securities can be done by examining [...]

Mortgage Rates Lower This Week (0)

6/26/09 •

After a couple of brutal weeks, all signs now point to mortgage backed securities (MBS) rallying and mortgage rates heading lower. It means that many homeowners looking to refinance and those looking to purchase a new home will benefit from lower mortgage payments.
Changes in mortgage interest rates are attributed to the change in price of [...]

Obama’s Refinance Plan: What it Means for Your Mortgage (0)

6/25/09 •

June 25, 2009

WASHINGTON D.C. — A perfect storm for home buyers that brings with it a large decline in home values denying many homeowners the right to refinance to a lower rate. All around the United States millions of homeowners are underwater on their homes and can not refinance. Obama’s new plan, Homeowner Affordability [...]

6 Mistakes To Avoid When Refinancing Your Mortgage (0)

6/23/09 •

Mistake 1

Make sure the loan officer that you are working with is qualified to help you with mortgage refinance: The same way you ask loan officers for their rates, ask them about what experience they have, whether they are licensed or not, and do they hold any industry certifications.  It’s true that many states [...]