Posted on August 29th, 2008 by Bright Light
Even though things in the home mortgage market look rough right now, experts are stating that we may just turn the corner very soon. Although rates for home mortgages are starting to come down, the complete turnaround could take several months. Still, experts hold out hope that the home mortgage market has weathered the worst […]
Posted on August 29th, 2008 by Bright Light
Although rates on fixed rate mortgages are starting to go lower, experts are advising waiting a little bit longer since this trend will continue. Although fixed rate mortgages are cheaper now than they were a few weeks ago, it will still take a few more months for the rates to truly get to the point […]
Posted on August 22nd, 2008 by Bright Light
The cost of the home mortgage crisis may be more than expected, as homeowners struggle to keep up on their payments, often going into more debt in the process. The overall amount of home mortgage defaults is on the rise and the problem may get worse as the year goes on. No relief for the […]
Posted on August 22nd, 2008 by Bright Light
As questions remain on the stamp duty, many home buyers are choosing to wait before getting a fixed rate mortgage. There is a lot of uncertainty at this time and few know when the changes will occur. Many are preferring to err on the side of caution and wait for the final declaration before committing […]
Posted on August 15th, 2008 by Bright Light
The housing crisis does not appear to sparing many home mortgage companies, particularly those that were up to their balance books in subprime mortgages. Although there have been a few signs on hope in the home mortgage market, it is clear that it may take years to undo all the damage that has been done […]
Posted on August 15th, 2008 by Bright Light
Experts are encouraging consumers seeking fixed rate mortgages to carefully consider their options before jumping in. Although a fixed rate mortgage will offer more security, right now with rates as high as they are, they can also be very expensive. In order to get the best deal, consumers are urged to do their homework on […]
Posted on August 8th, 2008 by Bright Light
Despite the troubles in the home mortgage market, experts are encouraging young people to think about buying their first home instead of renting. Low property values have made it a good time for those that can get a home mortgage, but rates do remain high, at least for now.
“Now is a good time to buy […]
Posted on August 8th, 2008 by Bright Light
Mortgage advisors continue to debate over whether long term fixed rate mortgages are best for consumers. Although there is more security in this type of fixed rate mortgage, there is concern that homebuyers that get one now may be paying too much over the long term.
Louise Cuming, head of mortgages at Moneysupermarket.com, says: “My argument […]
Posted on August 1st, 2008 by Bright Light
Experts are concerned that problems with the home mortgage industry could spread to several other sectors, making it very difficult for the economy to experience any real growth. The home mortgage forecast continues to be bad, despite small glimmers of hope in some areas. Housing values are down and rates seem to be holding steady, […]
Posted on August 1st, 2008 by Bright Light
Experts are warning that not all fixed rate mortgages are safe for consumers and that it is best to research options fully before jumping in. Although fixed rate mortgages are safer over the long term, today’s rates are quite high. Consumers are seeking security in fixed rate mortgages and many are willing to get stuck […]