Archive for the ‘News’ Category

Mortgage Refinancing Drops in Minority Communities

Statistics show that in Charlotte, North Carolina access to mortgage refinancing declined in minority communities from 2008 to 2009, while actually increasing in mostly white neighborhoods, even in th…

 

Fees for Home Loans on the Rise in America

Mortgage fees are rising for all home loan borrowers in the US, including even those with good credit ratings. Fannie and Freedie are raising risk fees for the first time since 2009. To avoid a fee or…

 

Mortgage Rates Low, But Not Benefiting First Time Home buyers

Mortgage rates are historically low right now, but are still not proving beneficial to several first-time home-buyers. Only those home-buyers who can pay 20% to 30% of a home's value upfront are b…

 

Economy shows strength With Falling Mortgage Rate

Fall in the 30 year fixed rate mortgage is affirmed by Freddie Mac's recent report of its primary mortgage market survey. The mortgage rate has dropped to 4.87% from last week's 4.95%. Also th…