Mortgage Insights

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


Will Refinancing Your Home Save You Money?

Nov 16, 2012 - As the level of mortgage applications rise during the early part of the month, more consumers may want to buy new homes.Mortgage applications increased an incredible 6% during the week ending December 7th, which is suppose to be a slow time for the housing market. According to the Mortgage...

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Five Factors that can get you a Low Mortgage Rate

Nov 16, 2012 - Seattle and San Francisco from the West Coast was acknowledged by Trulia chief economist Jed Kolko, because increased employment opportunities in Washington and California have likely played a big role in driving housing market traffic. Out of 100 of the healthiest markets surveyed by Kolko,...

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The Pros and Cons Of 15 and 30 Year Mortgages Loans

Nov 16, 2012 - There are big differences between a 15 and 30 year mortgage. The biggest difference is the 15 more years worth of interest you will be paying with a 30 year mortgage. The 30 year mortgage does have its advantages though, in the form of low monthly payments. There are other reasons to pick each...

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Third Quarter Sees Fewer Borrowers in Mortgage Trouble

Nov 16, 2012 - The Negative Equity Report showed that homeowners with a mortgage that were considered "underwater" in the third quarter was only 28.2%, this is a drop from the previous quarter's number of 30.9%. This is good news since the last time this total went below 30% was in the first quarter of...

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Mortgage Rates Lowest on Record: Continued Decline since October

Nov 16, 2012 - Freddie Mac reports the lowest rate levels in history, as of mid-November. The average 30-year fixed-rate mortgage dropped 6 basis points since last week, bringing the number to 3.34%. The average for 15-year fixed-rate mortgages also dropped four basis points to 2.65% , according to the Primary...

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