Posted on June 26th, 2008 by Bright Light
Those seeking a new home mortgage may be better served by waiting until the housing crisis is over according to the experts. Approvals for new home mortgages are down while the rates continue to go up. Until this changes, it may be very difficult for anyone to get a new home mortgage.
British Bankers Association statistics […]
Posted on June 26th, 2008 by Bright Light
As consumers watch the aftermath of the flexible rate mortgage debacle, more are beginning to seek fixed rate mortgages. Although they may be more expensive at first, those with a fixed rate mortgage usually feel more secure that their payments will not go up. As more homeowners face rising payments they are also switching over […]
Posted on June 19th, 2008 by Bright Light
Although much of the news on the home mortgage front is doom and gloom, Chancellor Alistair Darling is hoping that things will soon turn around. The UK is not the only country dealing with a home mortgage crisis, and although things are not good right now, there is hope that the light is at the […]
Posted on June 19th, 2008 by Bright Light
In order to get a fixed rate mortgage right now, consumers are finding that they will have to pay significant signing fees. The rates for fixed rate mortgages have also gone up, making them now one of the most expensive loans to get. For those that need to get a fixed rate mortgage, this news […]
Posted on June 13th, 2008 by Bright Light
Although many had held their breath hoping that home mortgage rates would finally drop, they were left disappointed with the latest announcements. In fact, two of the biggest UK banks did the opposite and announced that they were actually raising the interest rates for home mortgages. This left many home owners shaken, and they are […]
Posted on June 13th, 2008 by Bright Light
Although many had hoped that falling home values would help new buyers, they are quickly finding that it is nearly impossible to get a fixed rate mortgage. With all the bad news about variable mortgages, fixed rate mortgages have become newly popular, but they are now quite difficult to get. Those that can get an […]
Posted on June 4th, 2008 by Bright Light
Over the past few years, the home mortgage market was definitely focused on sellers as property values continued to rise and loans were widely available. Fast forward to now and the home mortgage market has changed significantly. Gone is the easy availability of loans and property prices have plummeted. The home mortgage market has now […]
Posted on June 4th, 2008 by Bright Light
According to financial experts, the swap rates for fixed rate mortgages are going up as well as the regular interest rates. Although consumers are far more interested in fixed rate mortgages right now, few are getting the approvals they need. Those that do are finding that their fixed rate mortgages are coming with premium interest […]