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2 New Federal Programs to Help With Mortgages – NYTimes.com
The Obama administration plans to take two new steps in the next few weeks to help struggling homeowners pay their mortgages, said Shaun Donovan, the secretary of Housing and Urban Development.

Eurozone mortgage rates start to rise | Money Supply | FT.com
But it could be a sign of the times – and a reminder that housing costs are more likely to rise than fall in the future As Bloomberg reports, this could have a particular impact in Spain, where floating rate mortgages are widespread. …

Latest Mortgages Auctions
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swift mortgages essex | Home Loans and Mortgages Blog
swift mortgages essex. Posted in September 1, 2010 ¬ 23:26h.BenNo Comments » … Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. …

Rethinking Adjustable-Rate Mortgages
Adjustable-rate mortgages, or ARMs, got a bad name in the recent credit crisis, as underqualified borrowers lured by years of low fixed-interest payments fell behind when interest rates rose.

Average rates for 30-year fixed mortgages drop to 4.32 pct …
WASHINGTON (AP) — Average rates for 30-year fixed mortgages drop to 4.32 pct., lowest rate in decades. Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. …

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Posted To: Mortgage Rate Watch
What a boring day in the markets! Stocks added to yesterday’s gains and bonds added to their losses. This pushed mortgage rates marginally higher. The best 30 year fixed mortgage rates are still in the 4.125% to 4.375% range for well-qualified consumers, but less lenders are offering rates below 4.25% today. If your lender is still willing to offer a rate below 4.25%, your closing costs are about 25bps higher today (0.25% of your loan amount). AQ’s comments from yesterday still apply… We’re not panicking over this sell off. There has been no change in our fundamental economic outlook, we see no new reason to be optimistic about a rapid recovery. What we witnessed today was a technical adjustment, an adjustment that could reverse course on Friday morning if the Employment Situation Report…(read more)
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Original post by Victor Burek

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Posted To: MND NewsWire
The National Association of Realtors released the Pending Home Sales Index today. NAR’s Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once “pending” sales contracts are closed, they are considered an existing home sale. Because the Pending Home Sales index tells us how many contracts were signed, it is consider a forward indicator of existing home sales. A signed contract is not counted as an existing home sale until the transaction actually closes. Excerpts from the Release… Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed…(read more)
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Original post by Adam Quinones

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