Mortgage Help Info

Will house prices fall further?

Posted on Thursday, 2nd September 2010 by Mortgage Helper

House prices fell further this month, leaving home owners fearful that the double dip in the property market has begun.

Canadaa s big five banks earn $4.8 billion in third quarter

Posted on Thursday, 2nd September 2010 by Mortgage Helper

Canada’s five biggest banks earned a combined $4.8 billion in third-quarter profit – nine per cent more than last year – as they cashed in on strong growth in mortgages, consumer and corporate loans and other retail operations.

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Households in arrears ‘may rise’

Posted on Thursday, 2nd September 2010 by Mortgage Helper

More than 36,000 debt-hit householders are three months behind with payments and the figure is set to worsen as mortgage interest hikes hit home, it has been revealed.

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UK house prices down again in August – Nationwide

Posted on Thursday, 2nd September 2010 by Mortgage Helper

Published by Jon Land for 24dash.com in Housing Thursday 2nd September 2010 – 9:01am UK house prices down again in August – Nationwide Property prices fell by 0.9% during August as the housing market continued to show signs of weakening, figures revealed today.

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Market Update – Positive Manufacturing Report Sends Equities Higher

Posted on Thursday, 2nd September 2010 by Mortgage Helper

The economy received some good news from the manufacturing sector on Wednesday sending equities higher and treasury and mortgage prices lower. Mortgage bonds are lower this morning after yesterday’s sell-off and subsequent reprice. Today’s July pending home sales report showed an unexpected gain in the month-over-month number. However, year-over-year home sales are down -20.1%. Finally, the July factory orders report came in as expected, showing a very small increase.

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Mortgage Rates Haven’t Been This Low Since…

Posted on Thursday, 2nd September 2010 by Mortgage Helper

There’s no doubt about it – we are living in one of the best times in history to buy a home or refinance your mortgage. Mortgage rates have hit their lowest levels since 1955. 1955!! That’s over 50 years ago and long before many first time home buyers were even born. These amazing rates really make you wonder why people are still asking themselves: Should I refinance my mortgage? In order to give those who are still wondering some perspective on what a historic time we are living in, we put together a little list:

The Last Time Mortgage Rates Were This Low:

The very first McDonalds restaurant opened
It cost 3 cents to mail a letter
Dwight Eisenhower was President and Richard Nixon was Vice President
Gasoline cost 23 cents a gallon
A new car would cost you around $1,095
Rosa Parks refused to sit at the back of the bus, becoming the Mother of the Modern Day Civil Rights Movement
Pink clothes for men became a fashion rage

No one is sure how long low mortgage rates are going to last, but there’s no denying that the time to get started on that home refinance you’ve been wondering about is right now! Don’t miss your chance to lock in the lowest mortgage rates we’ve seen since haircuts cost 50 cents.

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