Posts Tagged ‘home loan’
Today’s Mortgage Refinance Rates, Austin Texas: Are you interested in the current record low mortgage refinance rates? Would you like to refinance your existing home mortgage loan at a lower mortgage refinance rate? We’re a local Austin mortgage refinance company that can help you today! We have successfully helped people all over Texas with their mortgage refinance needs. We can help you. Give us a call today!
Austin: 512-996-8194 Houston: 713-589-2244
Austin’s Current Rates as of 04/07/2009 
Mortgage Rate Interest Rate APR
Conforming Home Loans:
30-Year Fixed Mortgage Rate 4.875% 5.086%
20-Year Fixed Mortgage Rate 5.125% 5.416%
15-Year Fixed Mortgage Rate 4.625% 4.989%
Texas Jumbo Home Loans: Amounts that exceed $417,000)
30-Year Fixed Mortgage Rate 6.500% 6.651%
FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Texas Mortgage Refinance Home Equity Loan 
Bernanke Easing Mortgage Refinance Rates for Consumer Rebound:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBk3iO3J9Ed4
April 3 (Bloomberg) — U.S. Federal Reserve Chairman Ben S. Bernanke is delivering what he promised five months ago, record-low mortgage rates and a mortgage refinancing boom that’s putting cash in consumers’ pockets.
Fixed 30-year mortgage rates fell to a record low for the second consecutive week last week, hitting 4.78 percent, Freddie Mac said yesterday in a statement. The interest rates are the lowest in records dating to 1971, and come after Bernanke told Congress in November that helping the most creditworthy borrowers was essential to reviving the economy.
Mortgage refinance applications in the U.S. rose for the fourth straight week last week as a decline in borrowing costs spurred homeowners to refinance existing home loans, while purchases of new houses unexpectedly rose in February. The Fed’s effort to bring down fixed rates may give consumers as much as $25 billion, said Mark Zandi, chief economist of Moody’s Economy.com.
http://www.economy.com/default.asp
“It certainly gives further fuel to consumer spending,” said Nicolas Retsinas, director of Harvard University’s Joint Center for Housing Studies in Cambridge, Massachusetts. “It puts more money into circulation.”
http://www.bankrate.com/finance/mortgages/interest-rate-roundup-april-2-2009.aspx
The extra cash may help boost first-quarter consumer spending by 1 percent to 1.5 percent, said Barton Biggs, managing partner at New York-based hedge fund Traxis Partners LLC. Consumer spending accounts for about two-thirds of the U.S. economy. http://mylendingplace.com/mortgage-rates/
Give us a call TODAY! We can help you TODAY! Austin: 512-996-8194 Houston: 713-589-2244
Texas Term Life Insurance offers FREE quotes! Click here OR visit: http://www.texastermlife.com/
Today’s Low 30 year fixed mortgage rate in Austin: Mortgage refinance rates are at a record low! Are you interested in getting a much lower interest rate than your existing home mortgage loan? Give us a call! We’re a local Austin mortgage company that can help you TODAY! 512-996-8194
Austin’s Current Rates as of 03/28/2009 
Mortgage Rate Interest Rate APR
Conforming Loans:
30-Year Fixed Mortgage Rate 4.625% 4.833%
20-Year Fixed Mortgage Rate 5.000% 5.289%
15-Year Fixed Mortgage Rate 4.500% 4.862%
Texas Jumbo Home Loans: (Amounts that exceed $417,000)
30-Year Fixed Mortgage Rate 6.500% 6.651%
Texas FHA Home Loans: (loan limits vary by county)
30-Year Fixed Mortgage Rate 5.000% 5.645%
Mortgage Rates Drop To Record Low: 
http://finance.yahoo.com:80/news/Mortgage-rates-drop-to-record-apf-14754632.html
WASHINGTON (AP) — Rates on 30-year fixed mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.
Mortgage finance giant Freddie Mac said Thursday that average rates on
30-year fixed-rate mortgages dropped to 4.85 percent this week, from 4.98 percent last week. It was the lowest in the history of Freddie Mac’s survey, which dates back to 1971 and was down a full percentage point from a year ago.
The previous record low of 4.96 percent was set in the week of Jan. 15. Rates fell after the Fed last week said it will pump $1.2 trillion into the economy in an effort to lower interest rates on mortgages and loosen credit.
Rates on 30-year mortgages traditionally track yields on long-term government debt.
Though the yield on the benchmark 10-year Treasury note initially plunged by about 0.5 percentage points after the Fed’s move, lenders did not pass the entire drop on to borrowers. Bond yields rose after worries about what some saw as lackluster demand at a government debt auction Wednesday. http://mylendingplace.com:80/mortgage/rates/30-year-fixed-rates/
“There was a honeymoon effect initially” after the central bank’s announcement, said Greg McBride, senior financial analyst with Bankrate.com. “The reality of large government deficits and the need for substantial government borrowing is setting in with investors.”
Mortgage refinance applications surged last week, mostly from borrowers looking to refinance and save money on their monthly payment. The Mortgage Bankers Association said Wednesday its weekly application index climbed more than 30 percent for the week ended March 20.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_7KVrbmxVnQ
Nearly 80 percent of applications came from borrowers seeking to refinance home loans at lower rates, rather than purchase homes.
In Freddie Mac’s survey, the average rate on a 15-year fixed-rate mortgage dropped to 4.58 percent this week, down from 4.61 percent last week.
Rates on five-year, adjustable-rate mortgages fell to 4.96 percent, compared with 4.98 percent last week. Rates on one-year, adjustable-rate mortgages rose fell to 4.85 percent, from 4.91 percent.
The rates do not include add-on fees known as points. The nationwide fee averaged 0.7 point last week for all home mortgages in Freddie Mac’s survey except for one-year adjustable mortgages, which had an average fee of 0.6 point.
Call us in Austin: 512-996-8194 or in Houston: 713-589-2244 
If you would like more explanation or information, we’re a local Austin mortgage company that wants to help. Give us a call today: 512-996-8194 We have the lowest closing costs in Austin.
Austin’s Current 30-Year Fixed Mortgage 
Refinance Rates: as of 02/11/2009
Mortgage Rates Interest Rate APR
Conforming Loans
30-Year Fixed Mortgage Rates 5.000% 5.213%
20-Year Fixed Mortgage Rates 5.375% 5.669%
15-Year Fixed Mortgage Rates 4.750% 5.115%
Texas Jumbo Loans – Amounts that exceed 417,000
30-Year Fixed Mortgage Rates 6.625% 6.778%
Texas FHA – loan limits vary by county.
30-Year Fixed Mortgage Rates 5.500% 6.170
Need a Texas Mortgage Refinance Home Equity Loan, go to: http://www.mylendingplace.com/
Stimulus: Senate’s housing hopes for 30 Year Fixed Mortgage Rates 
http://money.cnn.com:80/2009/02/01/news/economy/Senate_stimulus_housing/index.htm?postversion=2009020117
Lower mortgage rates, a foreclosure moratorium and more attractive tax credits to spur home buying are among possible amendments to recovery bill.
NEW YORK (CNNMoney.com) — As the economic stimulus package moves to the Senate, the drumbeat is growing louder for new provisions that directly address the housing crisis.
Key senators from both parties said they will push for measures intended to spur sales and help homeowners at risk of foreclosure.
“We need to go right at the housing problem. That’s what started all of this,” Senate minority leader Mitch McConnell, R-Ky., told CNN.
The Senate floor debate is set to begin on Monday. Here are three ideas likely to show up in amendments:
Create a 4% mortgage: Senate Republicans are likely to introduce a provision that would encourage lenders to offer a 30-year fixed rate mortgage at 4% for a limited period of time. The loans would only be available to credit-worthy home buyers and homeowners seeking to refinance.
The government would guarantee the loan for a number of years, an aide to McConnell told CNNMoney.com.
Senate Republican Conference Chairman Lamar Alexander, R-Tenn., said on the Senate floor Friday that the measure could involve not only a government guarantee but a subsidy as well. http://www.mortgagenewsdaily.com/consumer_rates/
“If today’s prevailing rate were 5.2 or 5.3 percent … the government would make up the difference.”
The cost of such a provision hasn’t been determined yet, but the aide said Senate Republicans would seek to structure the proposal in a fiscally responsible way, without specifying exactly what that meant.
Offering government-backed low-rate mortgages “could be very popular politically as it tries to fix the banks by fixing consumers,” financial services analyst Jaret Seiberg of the Stanford Group wrote in a research note.
But using government funds to force rates lower “could be very expensive,” Seiberg said.
And as mortgage rates rise, which they have in recent weeks, such a proposal could grow even more expensive. 
Expand home buyer credit: Senate Budget Committee Chairman Kent Conrad, D-N.D., said last week he would propose an expansion of a temporary $7,500 first-time home buyer credit so that it applies to all purchases of primary residences.
Some Republican senators have called for an increase in the credit to $15,000.
On “Face the Nation,” Sen. Charles Schumer, D-N.Y., said Sunday that lawmakers “can do more for housing.” The proposal to increase the home buyer credit to $15,000 and make it available to all home buyers is “something that we look favorably upon,” he said.
http://www.mortgagenewsdaily.com/02112009_Alt_A_Resets.asp
The Senate recovery package as it stands now removes the requirement under current law that the credit be repaid by buyers over time, assuming they don’t sell their home for three years after claiming the credit.
The credit phases out for individuals making more than $75,000 ($150,000 for joint filers).
(more…)
Texas Home Equity Loan Rates| Investment Refinance Rates| Mortgage Refi Rates | Texas Mortgage Rates
In Texas you can refinance your home as well as your investment property. And with today’s low mortgage rates, lots of people are doing just that using home equity loans.
Our phone is 512-996-8194 or complete the free mortgage refinance application (click link)
Plus some are doing the two-birds-one-refinance-approach: Refinance the home and pull cash out.
When it comes to refinancing, you have two options. A “rate and term” refinance or a home equity loan “cash out” refinance. (more…)
