Skip to main content

Fixed Home Loans Jump

Fixed Home Loans Jump - Each and every time that the 30 year fixed mortgage rate has moved up drastically it is the case that the Federal Reserve has taken the necessary steps to keep interest rates low. In the last several weeks the federal reserve continues to sit on the sidelines while the 10 year treasury rate yield moves to the upside.

This could mean that the overall economy is improving greatly and the Federal Reserve feels that there is no reason to keep interest rates low. It could also mean that the Federal Reserve is waiting until the new year to take the necessary steps to push interest rates back to lower levels. Even though rates have moved up they are still very low when looking at historical charts.

Fixed Home Loans Jump

For those looking to refinance a home loan or car loan in the current economic environment is very important to remember that it takes an impressive credit score and a very low debt to income ratio to have any opportunity at these low rates. With a credit score that is in excess of 740 and the debt to income ratios this sub 40% homeowners will have positioned themselves very well with the good financial decisions they have made in the past.

If the opposite is true of homeowners have seen a huge drop in their credit score is going to be nearly impossible to take advantage of the fixed home loan interest rates that are below 5% at the present time. Homeowners with a poor credit score will probably find that they receive interest rate quotes that are much higher than the advertised rates on the television and Internet.

Fixed Home Loans Jump
Labels:

Comments

Post a Comment

Popular posts from this blog

Contactless Debit Cards

Contactless Debit Cards - Contactless debit cards will make their formal debut in Canada next year with the launch of Interac Flash from Acxsys Corp.’s Interac Association, Canada’s national debit network. Interac’s first two Flash issuers are Scotiabank and RBC Royal Bank, which will roll out their first contactless cards next summer. The first acquirer is TD Merchant Services, a unit of Toronto-Dominion Bank. More issuers and acquirers are on the way, an Interac spokesperson tells Digital Transactions News, though no announcements have been made yet. Interac and the banks tested Flash this summer at some high-volume, small-ticket merchants in downtown Toronto. The spokesperson expects national merchants will be making formal announcements about acceptance. “There’s a lot of excitement in the merchant community,” she says. “Merchants are looking for that faster throughput.” In a statement, the Retail Council of Canada endorsed the new card. “Interac Flash is a welcome and needed ...
Post a Comment
Read more

Homes Losing Value Fastest

Homes Losing Value Fastest - Homeowners with Citigroup loans in foreclosure-rich Virginia Beach, Va., and Orlando, Fla., are in luck. The mortgage giant announced today that it will impose a moratorium on most foreclosures and modify $20 billion in mortgages to enable homeowners who are not behind on their loans, but in danger of falling behind, to avoid foreclosure. Those that don't fall under the plan? They're in hot water. Well, underwater. Virginia Beach homeowners who bought homes this year possess a paltry 5.2% of home equity, and 34.5% owe more on their property than it's worth, according to Zillow.com, a real estate research group. That's the worst rate in the country. Even in Orlando and Miami, two cities hammered by bad loans and home-equity dips, only 30% and 29% of homeowners are underwater, respectively. It's a similar story in El Centro, Calif., Bakersfield, Calif., and Cumberland, Md. What's certain to follow? Foreclosures. "Negative...
1 comment
Read more

'Ferris Bueller's Day Off' Home on the Market for $1.65M

'Ferris Bueller's Day Off' Home on the Market for $1.65M - "Ferris Bueller's Day Off" fans listen up! A home from the iconic '80's film is on the market for $1.65 million, reports the Huffington Post. Starring as the modern digs of character Cameron Frye in the movie, the glassy house is located in Highland Park, Illinois and has been on the market for a little over a year. More photos reveal the glass-wrapped home features floor-to-ceiling windows overlooking a spacious tree-filled lot, according to the listing on Realtor.com. 'Ferris Bueller's Day Off' Home on the Market for $1.65M With four bedrooms, three bathrooms and 5,300 square feet of living space, the home served as the setting for the oddball hijinks in the 1986 film. Architects A. James Speyer and David Haid designed the house, built in 1953, with a specialty glass-enclosed garage to store Ben Rose's collection of vintage cars, reported Luxist.com when the home or...
Post a Comment
Read more