Mortgage Rates & Trends

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Mortgage and Lending - Total Mortgage Services
Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage
RECENT BLOG POSTS
It's no secret the housing market continues to endure tumultuous times. Despite the Federal Reserves best efforts to keep current mortgage rates at or near historic lows, it's becoming painfully obvious we have yet to see rock bottom. With an excess of available homes amid the existing recession...
11/20/2009
Current Mortgage Rates are HOT!!     In case you haven't been noticing the current mortgage rates are threatening their all time lows. While the current mortgage rates have been at historically low levels for the most part of 2009, they are seriously threatening to break through their lows into u...
11/17/2009
Due to the lowest yields on mortgage securities in nearly six months, all indications point to current mortgage rates remaining low, at least for the interim. According to statistics assembled by Bloomberg, Fannie Mae's 30-year fixed-rate mortgage rate fell yesterday from 4.12% to 4.07%, which r...
11/17/2009
By now, first-time homebuyers interested in purchasing a home are aware of the extension of the $8,000 first-time homebuyer tax credit to June 30, 2010. However, existing homeowners may not be aware of the new legislation implementing a new $6,500 tax credit for "move up" homebuyers. What is a "...
11/12/2009
Current Mortgage Rates Remain Low It's Official: Effective for all home purchases after November 6, 2009 President Obama signs into law H.R 3548: The extension and expansion of the home buyer tax credit. Friday November 6, 2009 , as current mortgage rates still kept up their momentum of the curre...
11/10/2009
As a part of the Obama administration's economic stimulus package, first-time homebuyers have been taking advantage of tax credits up to $8,000 since January. With the expiration of the initial tax credit looming on November 30, Congress just enhanced the tax incentive for a new group of homebuy...
11/05/2009
The First-Time Home Buyer Tax Credit Extension Bill Clears The First HurdleIf you were waiting/hoping for an approval from the U.S Senate on the newest proposal for the extension and expansion of the current first-time home buyers tax credit, you're in luck,  The Senate overwhelmingly passed the ...
11/05/2009
While Treasury Bond auctions were a driver for mortgage rates last week, the current mortgage rate weekly outlook shifts to Tuesday and Wednesday's scheduled Fed Meeting and to Friday's monthly Jobs report. The Federal Open Market Committee is meeting today and tomorrow and as always everyone in ...
11/05/2009
Congress appears poised to extend the $8,000 first-time homebuyer tax credit as early as tomorrow. The Obama administration has urged Congress to extend the popular tax credit in order to allow first-time homebuyers more time to purchase a home and benefit from the $8,000 perk. In a joint statem...
11/02/2009
The Gloves come off, the battle goes on and the vote gets delayed! If you were hoping for an approval from the U.S. Senate on the newest proposal for the extension and expansion of the first-time home buyers tax credit, you are going to have to wait until at least next week and who knows if we wi...
11/02/2009
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Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage