Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.


Obama’s Plan for the Housing Market

Nov 19, 2012 - Although Obama has been pushing efforts to help borrowers refinance their mortgages and benefit from record low interest rates, fewer Americans have actually been helped than originally expected.The main fight is with Edward DeMarco, the regulator of Fannie and Freddie Mac. Obama failed to...

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Homeowners Could Win with Obama’s Second Term

Nov 19, 2012 - The Obama administration has succeeded in getting a second term and is poised to move forward with their plans and policies. This is a promising statement for those looking to buy or sell homes.Homeowners and homebuyers are most likely winners of Obama's 2nd term because presidential elections...

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What Obama’s Win May Mean for the Housing Market

Nov 19, 2012 - Obama's win on Tuesday may mean that another kind of "stimulus" is in store for the housing market. The "secret weapon", the words used by Bank of America analyst Ralph Axel in a report before the election, is a plan to permit more borrowers to refinance their mortgages and have more access to...

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Mortgage Rates Come Close to Record Lows Again

Nov 19, 2012 - Fixed-rate mortgages for a 30-year term were being offered at an average of 3.34% as of November 15th. This was the latest in a series of record low mortgage rates. Rates are down all across the board and are either close to, or barely passing, the record lows set in the month of October.The...

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Stock Sell Off Causes Fall in Mortgage Rates

Nov 19, 2012 - The week ending November 16th saw another drop in mortgages rates, now approaching the record low set in early October. According to national survey of large lenders, the 30-year FRMs dropped from 3.57% to 3.54%. Just one year ago, the mortgage index was 4.24%. It was 3.62% last...

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