Archive for June 29th, 2008

what is the latest status of freezing ARM mortgage rates?

Sunday, June 29th, 2008
J.David S asked:


I had heard a few weeks ago that the government was trying to implement a program to temporarily freeze adjusting mortgage rates to help home owners from potential foreclosures. Any news on that, and what is the process to apply for this freeze if applicable

Steven
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Posted in mortgages | 1 Comment »

Are the mortgage rates going to go down the weeks after Feb 23rd?

Sunday, June 29th, 2008
John S asked:


I have an 80/15 loan for 30 years and am looking to refinance into a 15 year loan and have a %80 loan to value. Does anybody thing the rates will continue to decline?
My current rate is 6.6% for the 80 and a variable for the 15 which has ranged from 8-10%.

Ryan
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Posted in mortgages | 2 Comments »