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Mortgage News
Mortgage news from America's #1 online mortgage lender - Quicken Loans
Existing home sales dip - FHA may help raise sales
The National Association of Realtors announced today that total existing home sales - including singe-family, townhomes, condominiums and co-ops - decreased 2% in March when compared to the previous month's sales. Increased FHA and conforming jumbo loan limits expected to reverse the trend.
A mortgage calculator can help you find a home
Using a mortgage calculator when you begin your home search is a great idea, especially in today's buyer's market. You can use online mortgage calculators to find out a lot of great information.
FHA loans drive mortgage applications higher
This morning the Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending April 11, announced that the Market Composite Index, which measures mortgage loan application volume, jumped 2.5 percent from the week prior.
The lowdown on the new jumbo loan limits
The new loan limits from the Economic Stimulus of 2008 are broken down for the average consumer.
Pros and Cons of Reverse Mortgages
One of the most confusing mortgages to much of the general public is the reverse mortgage. Lots of folks aren't sure what a reverse mortgage is, who qualifies, how to apply, and where to go to get information.
Low rates bring increase in mortgage activity
This morning the Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending April 4, announced that the Market Composite Index, which measures mortgage loan application volume, increased 5.4 percent from one week earlier.
Top 10 skills every homeowner needs
Here are the top 10 things a homeowner should know in order to maintain and improve their home, especially if they hope to sell it in a buyer's market.
FHA loans: the what, when, why and who?
FHA will continue to make a comeback in the near future as more and more borrowers realize it's a viable and secure mortgage option.
Mortgage activity dips last week in March
The Mortgage Bankers Association announced this morning that applications for mortgage loans, on a seasonally adjusted basis, decreased 28.7 percent last week when compared to the week prior.
There is no dumb mortgage question
When you shop for a mortgage, the difference between being well informed and barely understanding your choices can be costly. For example, settling for a 30-year fixed-rate mortgage when you should have gotten a lower rate with an ARM can cost you several hundred dollars a month, on average, or several thousand over the life of your loan.
