Home mortgage rates continue to climb, although some banks did announce newly lower rates this week. A recent study found that home mortgage rates were at their highest in years and a result, many consumers are simply waiting to take out a home mortgage until the market improves.
The Director of FairInvestment.co.uk, James Caldwell stated, “Mortgage […]
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Home Mortgage Rates Still on the Rise
Posted on July 18th, 2008 by Bright Light
Fixed Rate Mortgages Needed in Greater Volume
Posted on July 18th, 2008 by Bright Light
The CML is pushing for new methods to be used to allow more homeowners the chance to refinance to a fixed rate mortgage. The body announced several plans that they drew up that would assist those seeking a fixed rate mortgage. Also in the news today was the new first time buyer mortgage scheme that […]
Home buyers Finding it Difficult to Get a Fixed Rate Mortgage
Posted on July 10th, 2008 by Bright Light
Although new home buyers are seeking a fixed rate mortgage for more security, most are finding that it is very difficult to get an approval. The rates for fixed rate mortgages are going up and extra fees are making these loans cost prohibitive for many. First time buyers are truly being affected by changes in […]
Home Mortgage Holders May End up Suddenly Subprime
Posted on July 10th, 2008 by Bright Light
Despite having good credit, thousands of home mortgage holders may suddenly find themselves thrown into the subprime category as their loans switch over to variable rates. If home mortgage holders have not put aside extra money to handle higher payments right now, many homes may be going into foreclosure over the next few months. Without […]
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