Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Hampton Roads home sales rise in May

Hampton Roads home sales rise in May

Home sales rose in South Hampton Roads in May and prices ticked up after months of easing foreclosures, according to a report released Tuesday. The Real Estate Information Network, a Virginia Beach-based multiple-listing service, reported that 1,208 exist

Jun 13, 2012 |

FHA Streamline Refinance To Reduce Mortgage Fees for Qualifying Borrowers

FHA Streamline Refinance To Reduce Mortgage Fees for Qualifying Borrowers

The Federal Housing Administration will significantly reduce mortgage fees for qualifying borrowers through the FHA's Streamline Refinance Program.  The lower fees will go into effect on June 11, 2012.   The FHA streamline program requires limit

Jun 11, 2012 |

30-year mortgage rate hits record low of 3.67%

30-year mortgage rate hits record low of 3.67%

 By Ruth Mantell WASHINGTON (MarketWatch) - Mortgage rates hit record lows in the week ending June 7, with the 30-year fixed-rate mortgage average declining to 3.67% from 3.75% in the prior week, Freddie Mac said Thursday in its weekly report. These

Jun 07, 2012 |

Home Buyer Q & A

We want to refinance one of our investment properties.  We own five rentals plus our home.  We own three of them outright and have mortgages on the others plus our home.  We were told we had too many properties and could

Jun 05, 2012 |

30-year mortgage rate hits record low of 3.75%

30-year mortgage rate hits record low of 3.75%

Mortgage rates hit record lows in the week ending May 31, with the 30-year fixed-rate mortgage average declining to 3.75% from 3.78% in the prior week, Freddie Mac said Thursday in its weekly report.  READ MORE HERE... * *Rate information based

May 31, 2012 |

Home Buyer Q & A

 • We are purchasing a new home.  We want to go FHA, but we do have a question.  The monthly mortgage insurance, does it adjust with the loan balance, or is it always the same?  Also, how long do we have to keep it? 

May 30, 2012 |

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