All about Loan Modification

Here is a new Post at The Mortgage Reports Blog: What Mortgage Rates Will Do Over The ….

Dan Green blogs about mortgages, real estate, equity management, and other personal finance topics. Based in Chicago and Cincinnati.

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Why do mortgage rates keep going up after the Fed lowers their interest rate?

Mortgage rates are not driven by fed rates. They are driven by the bond market, which competes with mortgage backed securities for capital. Investors need to buy the mortgages from the originators, and the rates are determined by their pricing models.

As a previous poster noted, mortgage rates follow the 10 year treasury most closely. The spread between the 10 year and mortgage rates has been increasing due to increased fears of inflation (which the fed cuts make even worse) and the general perceived riskiness in the mortgage market (forclosure rate?). As such, investors are saying they'd rather invest in other securities because the rates are not paying them enough for the risk they are taking. That is why rates sometimes go up when the fed cuts.

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Mortgage rates fall to new low The Business Journal of the Greater …

“Mortgage rates followed other interest rates lower this week amid reports of slower economic growth,” says Frank Nothaft, chief economist at Freddie Mac …

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Tomas Loan Modification mortgage, rates

Here is a new Post at Student loan advise for inexperienced | Student Loan Colorado.

In addition to student loan advise offered on savings, student loan interest rates, which have made their drop to a new low, will surely be of interest to the reader. The unexpected high drops of student loan interest rates are …

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What are good indicators for future mortgage loan interest rates?

I worked in the mortgage industry for many years. Rates this week are great. The 10 year T-Bill, which the 30 year mortgage rate is at historic lows. 30 Year mortgages are not going to get much better.

Since you are quoting a 5% rate, I would think you are looking at a 1 year ARM and not a long term fix loan. The long terms loans will probably drop a bit more since they are tied to the federal funds rates (ie short term rates). The fed seems prepared to lower the rates.

With that said, you have a really rate and Im not sure it is worth the gamble for it to drop much more.

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Bulgaria's loan interest rates fall for the first time in 18 months

Loan interest rates in Bulgaria decreased for the first time in almost a year and a half, according to central Bulgarian National Bank data. …

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Tomas Loan Modification interest, loan, rates

Here is a new Post at PARADE Magazine | 30-year loan rates hit record low 4.85 percent.

30-year loan rates hit record low 4.85 percent. Interest rates on 30-year mortgages dropped to the lowest level on record this week, adding another incentive for home buyers to leap back into the market. Few in the industry, however, …

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loan rates?

The formula I found for this is:

P = Cr(1 + r)?/[(1 + r)? - 1]

where C is the amount of the loan ($9600), r is the interest rate, and n is the number of months (5 × 12 = 60).

Again with the interest rate, to make it realistic, you don't mean that it's 6.2% compounded monthtly. You mean that it's 6.2% annually, compounded monthly, which makes the actual monthly interest rate 6.2%/12 = 0.51666666667%.

P = $9,600(0.0051666666667)(1 + 0.0051666666667)^60/[(1 + 0.0051666666667)^60 - 1]

P = $186.49 per month

Which means that, after 60 months, she will have actually paid:

$186.49 × 60 = $11,189.34

on her initial loan of $9,600.

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30-year loan rates hit record low 4.85 percent

It's also nearly 2 percentage points off last year's peak of 6.63 percent, amounting to consumer savings of about $225 per month on a $200000 loan. Rates …

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Tomas Loan Modification loan, rates

Here is a new Post at Pushing Mortgage Rates To Zero Won’t Help Housing - 24/7 Wall Street.

Mortgage rates could go to zero and it would probably not help the housing market. One obvious problem is that lower rates do not improve people’s credit ratings or access to cash for down payments, but the trouble is more complex than …

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Mortgage Rates?

go to http://www.bankrate.com they have awesome guides for first-time homebuyers and you can compare rates in your area there too

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Freddie Mac sees mortgage rates near bottom

If mortgage rates go down further, it will be incremental, Koskinen said. The annual rate charged on the most common home loans has dropped significantly in …

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Tomas Loan Modification mortgage, rates