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James Kimmons

Real Estate News 2/7/2013

By February 7, 2013

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Check these posts: SCB to avoid zero-interest mortgages to reduce risk - The Nation on Feb 6, 2013 at Mortgage News:

SCB to avoid zero-interest mortgages to reduce risk
The Nation
The biggest mortgage lender among the country's commercial banks believes that speculation can result from banks' campaigns such as first-year zero-interest packages or free housing registration, said Pikun Srimahunt, head of SCB's mortgage business ...
SCB scraps zero-rate mortgage interestBangkok Post

all 2 news articles »

The Fixer: Interest-only mortgage trap - Aol Money on Feb 6, 2013 at Mortgage News:

The Fixer: Interest-only mortgage trap
Aol Money
Certain rival lenders may also consider letting you borrow more via an interest-only deal, while there may even be the option of switching to a repayment mortgage altogether - although you must be prepared for higher monthly payments if you do this ...


Mortgage interest deduction must go - Baltimore Sun on Feb 6, 2013 at Mortgage News:

Mortgage interest deduction must go
Baltimore Sun
Would you support a tax reform measure that could help reduce the federal deficit, remove a needless distortion in the economy and make the system fairer? Me too, which is why I'm taking aim at a sacred cow: the home interest mortgage deduction.

and more »

Mortgage Applications Increase Despite Rising Interest Rates - Personal Liberty Digest on Feb 6, 2013 at Mortgage News:

Mortgage Introducer

Mortgage Applications Increase Despite Rising Interest Rates
Personal Liberty Digest
Although a weekly survey does not show long-term trends, rising mortgage activity in a week of rising interest rates indicates a stronger housing market, with demand increasing despite higher costs. Interest rates for 30-year, fixed-rate conforming ...
Mortgage application volume rises 3.4 percentAGBeat
Interest rates held at 0.5pcMortgage Introducer
Mortgage Applications Increase in Latest MBA Weekly SurveyRealEstateRama (press release)
CNBC.com -MarketWatch
all 31 news articles »

Mortgage Interest Rates Rise: How Will This Affect Real Estate Transactions In ... - PR Web (press release) on Feb 7, 2013 at Mortgage News:

PR Web (press release)

Mortgage Interest Rates Rise: How Will This Affect Real Estate Transactions In ...
PR Web (press release)
The LA Times reports that interest rates on fixed mortgages rose this week, with lenders offering 30-year home loans at an average 3.42%, up from 3.38% a week ago. The rate for a 15-year fixed mortgage, a popular option for people refinancing home ...

and more »

US Bankcorp Mortgage Interest Rates Down - Press Blue on Feb 7, 2013 at Mortgage News:

Press Blue

US Bankcorp Mortgage Interest Rates Down
Press Blue
US Bankcorp Mortgage Interest Rates Down 30 year fixed rate mortgages at US Bankcorp (NYSE:USB) have been quoted at 3.500% carrying an APR of 3.725% today. The best 30 year FHA loan interest rates are on the books at 3.500% at the bank and an ...
Wells Fargo Mortgage Refinance Rates for February 7, 2013Eastern Morning Herald
30 and 15 Year Mortgage Rates at Wells FargoEagle's Rant
Wells Fargo Interest Rates Move Up TodayWorld News Resource

all 14 news articles »

Quicken Loans Mortgage Interest Rates Move Down - Press Blue on Feb 7, 2013 at Mortgage News:

Press Blue

Quicken Loans Mortgage Interest Rates Move Down
Press Blue
Quicken Loans Mortgage Interest Rates Move Down Standard 30 year fixed rate loan interest rates have been listed at 3.500% at Quicken Loans yielding an APR of 3.723% today. Popular 15 year fixed rate loans at the bank are 2.750% and an APR of ...


Mortgage Applications Increase in Latest MBA Weekly Survey - RealEstateRama (press release) on Feb 6, 2013 at Mortgage News:

CNBC.com

Mortgage Applications Increase in Latest MBA Weekly Survey
RealEstateRama (press release)
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) increased to 3.73 percent from 3.67 percent, with points increasing to 0.43 from 0.42 (including the origination fee) for 80 percent ...
US Mortgage Applications Rose Last Week, Despite Rate Hike: MBACNBC.com
U.S. Mortgage Applications Up 16%NASDAQ
Refinancing Share of Mortgage Applications Drops to 6-Month LoweCreditDaily.com
Financial Reporter
all 13 news articles »

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