Mortgage rates?

I keep hearing that mortgage rates will probably hold steady until mid-2008. They’ve already increased from 6.15 to 6.75 in the past 6 weeks. I’m building a house, and won’t be able to lock in a mortgage rate until probably mid-August. Should I “buy” my mortgage rate at 6.75% now for $750, or should I hold off?

What are the odds that rates will top 7.25% within the next three months?

mortgage rates?

i was thinking of refi my mortgage but i hear that the mortgage rates are going to drop ever lower. any experts think thats going to happen?

Mortgage Rates?

Which mortgage companies have the best rates right now? I am trying to get preapproved for a mortgage and buy my first home. I have been preapproved through BB&T but the rate they quoted me was 6.25%. I felt this is high. I have good credit (score in the mid-to-high 700s) and no credit card debt.
Are there any other lenders I should check with?

What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?

The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?

Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.

Big businesses then had to cut back on expenses and began to lay people off the the thousands.

So what caused the mortgage rates to go up so high that started this financial mess in the first place?

What are mortgage interest rates based on and how do I estimate what my ARM rate will be when it adjusts?

My 5-1 ARM adjusted last year and went to 6.25%. It will adjust again this November. Are mortgage rates based on the feds fund rate? Or something else? How can I estimate what my new rate will be?

Where can I find the formula & lookup table for a reverse mortgage? I want to build/code a reverse mtg calc.?

I find plenty of calculators, but I want to actually build my own so I can make it fancy with sliders to balance between lump-sum payout and monthly payments and equity line. Anyone know? Thanks much!

without using a mortgage calc. but with a regular calc. how do u calc arm rates?

FOR INSTANCE DO I TAKE THE AMOUNT OF THE LOAN (150,000)AND DIVIDE BY THE INTEREST SAY 6%. AND THEN MULTIPLY BY THE TERM OF THE LOAN SAY 30 YEARS. iS THAT THE WAY TO DO IT WITHOUT USING A MORGAGE CACULATORAND HAVING TO USE A REAL ONE?

How accurate are online mortgage calculators?

How accurate are those online mortgage calculators like this one: http://www.mortgage-calc.com/mortgage/simple_results.html? I know this one is pretty basic, but can i expect to pay pretty close to what the calculator spits out?

how to round up 0.125 to say 7.4250% on a calc mortgage rate adjusting soon need help?

I am buying a house, I uses mtg calc, but does anyone know the p[ayment on a 120k mortgage?

I have a 30 yr lined up, don’t know the interest rate off top of my head. I was curious if anyone was a mortgage broker and could give advice. Its a 100% loan with seller concession included.

bankruptcy rules?

I am looking to declare bankruptcy, I have a lot of unpaid medical bills, credit card bills, single, do not have a lot of money (income), not a home owner, own my car, I am wondering what the process is and how long it takes and will I be eligible? Thank you.
I own my car (it’s nearly 10 years old) and haven’t used my credit cards for nearly a year… the only ‘new’ debt I have is payday loans (which are about 9 months old), and medical bills.
I own my car (it’s nearly 10 years old) and haven’t used my credit cards for nearly a year… the only ‘new’ debt I have is payday loans (which are about 9 months old), and medical bills.

Bankruptcy rules and foreclosing on a house?

I live in Nevada. My husband and I are talking about foreclosing on our house. It is approximately $150,000 upside down. It will never recover. The neighbors are moving and soon we feel that our little neighborhood will be gone. So, we are considering jumping ship too. I heard that in Nevada, the banks have 7 years to come after you for the difference of your loan versus what they get at auction. Is that true? Do we need to claim bankruptcy to avoid this? How long after can we buy another house?

Why are democrats changing the bankruptcy rules for Chrysler?

?

What are the qualifications on applying chapter 13 bankruptcy rules?

What is the difference between OLD CHAPTER 7 BANKRUPTCY rules and the new ones in Arizona?

especially regarding child support and homestead accounts.

How would fixed mortgage interest rates affect the UK if brought in?

Here in the Uk…..we have flucuating mortgage interest rates.

However in the US interest rates tend to be fixed for the entire life of the loan.

Any ideas of how the US system would afffect the UK if brought in?

How come 30 year mortgage interest rates aren’t rising?

I’ve been expecting 30 year mortgage interest rates to be increasing because of increased risk. I figure investors would want a risk premium for the risk of not being paid, and the risk that the value of the dollar will decline. Why would an investor want to invest in real estate mortgages right now? Therefore rates would have to rise in order to provide incentive.

So what’s going on with the 30 year mortgages? Are there any good website to explain what’s going on?

How to check as what banks are giving good mortgage interest rates ?

1) Is there a website where we can check as what banks are giving good mortgage interest rates ?

2) Do we have to look only local banks where I live ? If I live in ILLINOIS , do I have look for a lender or bank in IL only ?

3) Any suggestions as which bank is good ?

How do I find out what the current VA mortgage interest rates are? Is there a web site i can check?

I’ve just been pre approved for a VA mortgage. I’m only in the looking phase and don’t plan to close til June. How do I find out the average interest rates on VA home loans. I don’t want to find out the last minute my interest rate would be high. I heard you can find them on the VA’s website, does anyone know the exact link to find it?

When will the mortgage interest rates sky rocket into the double digits?

My bf, who has an ARM mortgage, says that interest rates are going to go back into the double digits as they were back in the 1980s… I’ve never heard of this! I’m in the process of obtaining a mortgage of my own, so this has me petrified.

Bankruptcy Court?

Hi, we have bankruptcy court this Friday. Our lawyer is doing nothing to help us prepare. For one he has only talked to us 2 times, when i call to try and discuss re-affirming with creditors, he is never “available”. What are we going to be up against in court? Are we going to be ambushed by our creditors? And how long does court usually last? And do you do all the re-affrimation papers there, or do you do them with the creditors at a later date? We paid the lawyer 1500.00 to do this, and he hasnt helped us at all. At first he told us that we would have no problem with collateral on a personal loan, 3 weeks ago we were told that we either reaffirm, or loose the stuff. When i went and asked him about it, i reminded him that he told us that this wouldnt be a problem, and his comment was “Well it’s a problem now” So what do we have to look foward to, and any advise on the lawyer?

Bankruptcy court?

How do I get info on a bankruptcy that happened in 1986.

What is the bankruptcy court admissibility of a loan application if there is no date on the application?

I may have to file Ch7/13 and my loan application has an overstatement of assets. There was no fraud intended. However, there is no date on the application. Can it be thrown out in bankruptcy court?

How much jurisdiction does bankruptcy court have? Can a court order the sell of a primary house?

The house is in two people’s name. One of the two is the one filling bankruptcy. The person filling bankruptcy lives in Arizona. The house in question is in New Mexico and is the mother’s primary house. The court is saying that the bankruptor must come up with a specific amount of money otherwise the house will be sold. Any input is appreciated. Thanks

Will bankruptcy court take our stimulus check?

We just filed ch.7 bankruptcy and I was wondering if anyone knows if the trustees can take our tax rebate check in May? The lawyer didn’t mention anything about it; will the court just take it out of our bank without asking? I thought the tax rebate was a free handout and would be exempt.

Where can I find U.S. monthly home foreclosure statistics by state on the web?

specifically from January 2006 until October 2006.

Where can I find national statistics on increases in home ownership and default/foreclosure rates?

With all the recent publicity about the number of defaults hitting new highs, very little information is conveyed about the percentages. Subprime lending has taken a beating to their reputations, when I feel like this increase has to have something to do with an increase in home ownership. Subprime allowed many people to get into homes that would not have otherwise qualified that are doing fine, but we only hear about the ones in trouble. I am just curious to see statistics on whether there is a correlation with an increase in new owners vs. defaults and how that stacks up against previous averages… not just raw numbers.

Are you or is someone you know presently in home foreclosure?

I met someone Friday night who is in foreclosure. They have a job and simply decided to stop making payments because their loan amount now exceeds the value of the home. They’re living rent free while awaiting eviction.
I have an acquaintance who is living in a home he had formerly rented from the former owner. He moved out, the new buyer never made a payment so he moved back in and is living rent free.
I realize there are a great number of people who are losing homes through misfortune or because of the use of risky financing but I’m curious how many unscrupulous people there are skewing the home foreclosure statistics that could make their payments but choose not to.
Do you personally know anyone in either category first hand?
Brown9488, I hear you! The first person was the mother of my friend’s flight instructor. I commented to him about how she seemed to be a hard worker and that she’s been successful since moving here from Russia. That’s when he told me about the foreclosure.
The second person is someone I ride bikes with occasionally. He probably hasn’t had a real job in many years but I wonder if he expects the government to take care of him when he gets old and is destitute.

U.S. statistics for foreclosure homes 1998-2008, where can i find this?

Comparing economic declines in the US over time?

How can we compare recessions/depressions throughout US history–i.e., how can we say if the Great Depression was worse than the Panic of 1837 or 1893? Did the US keep unemployment statistics in the 19th century? home foreclosure statistics? Any links would be appreciated.

What is foreclosure fraud and what causes it?

I just heard the term “fraudclosure” and wasn’t exactly sure what it meants. Is it really true that all 50 states have launched a joint investigation into mortgage fraud?

What’s up with all this sudden foreclosure fraud probes? 40 States have now signed on to the investigation?

It seems to have all happened in just a few days.

It really smells.

Quick! What is the story with Bank of America and the foreclosure fraud investigations?

I know about ALLY and about the law firms being investigated here in Florida. But I can’t find the article related to Bank of America.

Any other information about other banks is appreciated.

Where to Report Mortgage Lending and Foreclosure Fraud?

I know a loan broker and Realtor in California (Bay Area) who is running the “I buy your foreclosure and you rent it back from me, and you can buy it back when you’re on your feet” scam. He is also looking for someone to alter bank documents to help him qualify people for loans. I know the second issue is illegal, but can’t prove he’s defrauding people on the first. I have a “Dear Homeowner I can help you” letter from him. Do not want to testify because of safety concerns for my family. Who I can I or should I report this to in confidence, or will anyone care? Thanks in advance for any solid advice.

When President Obama chose to pocket veto the stealth fraud foreclosure bill and leave it?

to Congress to veto his veto, thus passing a fraud forclosure bill after elections, did he forsake any human decency toward middle class Americans?
Baby spit: No. How you could take that assumption from my question is not grounded in reality.