How can you get the most accurate, real-time mortgage rate quotes available??

  Brought to you by: www.thedailymortgagegazette.com You can’t get your mortgage rates from the newspaper. Last week proved it.  Again.  Friday morning, headlines in California and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior.  A sampling of said headlines includes: US Mortgage Rates Drop For 2nd [...]

County-by-County: The 2009 “High-Cost” Conforming Loan Limits

As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country.  “High cost” is defined by a regions’ median sales price.With the temporary increase, a greater share of Americans can now qualify for Fannie Mae- and Freddie Mac-backed loans, usually the least expensive source [...]

What the Homeowner Affordability and Stabilization Plan doesn’t mean for homeowners

In Mesa, Arizona, Wednesday, the President presented the Homeowner Affordability and Stability plan, a multi-pronged effort to support the housing market.  The story made the front page of nearly every newspaper in the country.
The president’s plan is sweeping:

Incent mortgage servicers to work with at-risk homeowners before delinquency starts
Let homeowners with good credit but little equity refinance [...]