Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Sunday - March 14, 2004

More Mortgage News
• When choosing a mortgage, do the math
• Who's well mortgage endowed now?
• Consumers Strapped by Heavy Credit Obligations Face Little Options
• Low rates mean 'more home for less money'
• Protect yourself against mortgage discrimination
• Adjustable-rate mortgages often smart
• Average wage earners can't afford home
• Homeowner program attracts small crowd
• Borrower disputes disbursement of refinancing funds
• Buyer beware of dishonest mortgage companies
• Habitat puts ‘sweat equity’ into family’s new home
• Comparing the pros and cons of renting vs. buying homes
• Home mortgage foreclosures on the rise
• Little builders take up affordability incentives
• Implications of Housing Market Boom
• Surge in mortgage foreclosures jeopardize homeowners
• A debt diet for fit finances
• Arizonans recieve low score in credit management
• Homeowner's insurance even more vital as severe weather season approaches
• Bad habits at the Abbey
Mortgage News
Consumers Strapped by Heavy Credit Obligations Face Little Options - 2004-03-14
Bryan Haas, a Dallas sales executive, is worried. He's has almost $20,000 in credit card debt and about $190,000 in mortgage debt.

"I am very uncomfortable about my credit card debt," said Mr. Haas, 31. He and his wife, Natasha, make nearly $6,000 a month. "We aren't bad managers of our money. We realize what's coming in and roughly what's going out. But we just couldn't get ahead of the curve."
Read the full story at Miami Herald
 
Low rates mean 'more home for less money' - 2004-03-14
With mortgage interest rates plumetting to lows last seen in the summer, local mortgage brokers and Realtors say they expect people may soon refinance their home or start shopping for a new one.

The average fixed rate for a 30-year mortgage was 5.41 percent last week, down from 5.59 percent a week ago and 5.61 percent a year earlier, mortgage lender Freddie Mac reported Thursday. The decline brought rates close to last June's record low of 5.21 percent.
Read the full story at Newark Advocate
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER