The Reason For the Rise

When inflation fears recently led central banks in New Zealand and Europe to suddenly increase their short−term interest rates, the repercussions were immediate. Interest rates soared around the globe − especially in the US.

According to the Chicago Tribune, mortgage interest rates have reached their highest levels in nearly a year! In fact, Freddie Mac recently reported the fifth consecutive week of rate increases across the board since May 15th!

If you or someone you know is considering a new home purchase or refinance in the next 12 months, I urge you to investigate all available options now instead of waiting any longer.
Yes, it's true. Mortgage interest rates are currently under 7.00%, but they may not remain there for long. As history has demonstrated, a rapid rise in interest rates is sometimes a precursor to even higher rates in the coming months. In 1993, interest rates on a 30−year fixed rate mortgage jumped from 6.69% to 8.23% in just five months. With this latest surge in
interest rates, can you really afford to wait any longer?

Remember, mortgage rates are based on mortgage−backed securities, which investors buy and sell like stocks on the stock market. If returns are more attractive in other countries and other markets, investors and their capital will follow − and rates will likely increase. It's that simple. Combine this with the present turmoil of the post subprime housing market, and it really does make sense to at least consider all of your available options now. Honestly, if this sudden surge in interest rates was the only sign of a changing market, I wouldn't waste your time. But,
growing concern about inflation and how the Federal Reserve might respond, combined with increases in housing inventories, decreases in home values in many neighborhoods, and the tightening of credit standards and guidelines is just too much evidence to ignore.

While no one can predict exactly what will happen, including me, experts in the bond arena have expressed concerns that rates will continue to increase throughout the rest of the year. Some believe that the Federal Reserve will be forced to raise interest rates prior to year's end. This would increase interest rates for existing Home Equity loans, credit card loans, and potentially existing ARMs. Find out how these and other changes could affect your financial situation.

Foreclosure or fallacy?

What Foreclosure Crisis! That is the question.

National Epidemic, or segmented distraught??

Here's something to confuse you further: On Thursday, June 14, the Mortgage Bankers Assn. announced that the delinquency rate for mortgage loans on residential properties fell 11 basis points in the first quarter of 2007, to 4.84%, from 4.95% in the fourth quarter of 2006.
Read More.

Say What?

Stop the countless phone calls from Mortgage solicitors.

Over the last year the credit bureaus have been attempting to increase their bottom line. What does this have to do with all of the countless Mortgage calls?
Well in order for the bureaus to maintain profitable growth they have been selling Your Info!

If you have recently applied for a Mortgage Online or through your Current Broker, once your credit is pulled the bureaus are then selling your info as a Mortgage Lead to multiple Mortgage companies Multiple Times.

In Mortgage companies’ defense, the majority do not know they are buying second generation information.

To stop the future calls visit this website:
https://www.optoutprescreen.com/