Reverse Mortgage

Brad H asked: I just saw that a 30 year fixed mortgage is 6.07% and a 5/1 ARM is 5.91%. What are the reasons why these rates differ by nearly .2%?Content – Members-Only Content for WordPress

mama bear27 asked: I have an adj mortg rate, that’s set to renew in september, and with mortg rates being low right now, could it go lower than it is now? Right now it’s high, and that’s what my mortgage started with…not a low int rate. one has a ARM(Libor index), and the other is [...]

BC asked: I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a [...]

searchingwisdom asked: I understand how APR can be more than Interest rate but I am seeing the reverse from lenders like wellsfargo ? Can somebody explain ?Content – Members-Only Content for WordPress

????? asked: What I am really asking is, does the forecast for interest rates predict a continued drop in mortgage rates for the next 30 days? Trying to decide when to lock in. ThanksCreate a video blog

cardinalfanusa asked: 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 [...]

brazilnutrhodes asked: I will be purchasing a house in one year. I believe long term mortgage rates are around their low. I am concerned about where those rates will be a year from now. Is there a way I can agree to borrow from a lender and lock in today’s mortgage rates?Create a video blog

lfcvicki asked: I’m a bit confused. I’m on a fixed rate repayment mortgage and with rates being so low at the moment is it just tough on me for paying more or am I actually paying off more off my mortgage each month?Website content

John S asked: I have an 80/15 loan for 30 years and am looking to refinance into a 15 year loan and have a %80 loan to value. Does anybody thing the rates will continue to decline? My current rate is 6.6% for the 80 and a variable for the 15 which has ranged from [...]

areusmarterthanafifthgrader asked: from regression analysis I found that there is a strong positive relationship between the unemployment rate and mortgage rates. I can’t figure out why. Any thoughts?Content – Members-Only Content for WordPress