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Archive for the ‘Mortgage News’ Category


Dial A Mortgage – Is It For You?

Jul 2, 2008 Author: MortgageGuru | Filed under: Mortgage News

According to Newsweek mortgage shopping has just taken a new twist. There’s a lot of things you can dial up but I’ll bet mortgages aren’t what comes to your mind. Well now you can add it to the list of things you can dial up.
Most will agree that shopping for a mortgage is a horrible […]

Mortgage Rates Drift Up This Week – What’s It Mean?

Jun 28, 2008 Author: MortgageGuru | Filed under: Mortgage News

According to the Wall Street Journal mortgage rates drifted up this week affecting those with adjustable rate mortgages the most since these had the biggest increase. Fixed rate mortgages also increased slightly.
The 30 year fixed rate mortgage is averaging around 6.45% up slightly from last week at 6.42%. A year ago the 30 year average […]

Seattle Residential and Commercial Real Estate A Buy

Jun 27, 2008 Author: MortgageGuru | Filed under: Mortgage News

We hear a lot about the housing market in Seattle but did you know that commercial real estate has also seen a slump? According to the Seattle Times  there will be more than 2 million square feet of new office space coming available in the downtown core by next year. That’s going to impact commercial property significantly.
Right […]

Is Condo Ownership The Answer?

Jun 26, 2008 Author: MortgageGuru | Filed under: Mortgage News

Is Condo Ownership The Answer?
Pricing houses go up and then just as quickly they seem to go into a tailspin, then we see slight improvement, and the next thing we know the house you purchased is worth less than you paid. It’s enough to give you cold feet about buying anything. So what’s the answer?
Well […]

UK Mortgage Rates Up US Rates Down – The Irony

Jun 25, 2008 Author: MortgageGuru | Filed under: Mortgage News

According to the Telegraph  fixed rate mortgages in the UK have reached a 10 year high with the average mortgage rate running at 7%. When the global crisis hit UK rates were hovering around 5%. That’s a 2% increase.
In the US it’s quite another picture with the Federal Reserve holding steady at 2%. After all […]

Mortgage Crime Wave – What Does It Mean To You?

Jun 24, 2008 Author: MortgageGuru | Filed under: Mortgage News

Mortgage Crime Wave – What Does It Mean To You?
According to Alternet the FBI are arresting numerous criminals who have been involved in mortgage crime. Now you might think these are fly by night back yard mortgage lenders but you’d be wrong. It seems those being arrested for bulking investors out of not millions but […]

Thinking Of Buying A Home? Your Credit Score Is Important

Jun 21, 2008 Author: MortgageGuru | Filed under: Mortgage News

If you’ve been thinking that, it might be the right time to buy a home you should start taking a look at your credit. It’s the one most important factor, next to income verification, that will determine whether you will be able to qualify for your mortgage and buy your home.
It begins before you even […]

Be Smart – Pre-Approved For Your Mortgage

Jun 18, 2008 Author: MortgageGuru | Filed under: Mortgage News

Buying a home is stressful but there are things you can do to reduce the amount of stress. One of the those things, is to pre-approved for your mortgage.  According to the Seattle Times fewer house deals unravel when a mortgage is pre-approved.
Before you can buy a home, you need to save your down payment. […]

Whether you live in Florida, Michigan, or California and you’re thinking of buying a home you should learn as much as you can about mortgages lenders and mortgages in your state. Once you figure out the process of applying for a mortgage, there are some things you should know.
1. It’s important that you know about the […]

First Time Buyers – How To Handle Tougher Borrowing Criteria

Jun 14, 2008 Author: MortgageGuru | Filed under: Mortgage News

If you’re in the market for your first home don’t let tougher lending terms discourage you. Although it might be tougher for first time buyers than just a year ago, there is still plenty of mortgage money available.
The credit crunch has hit many, some harder than others. In fact according to  Reuters  first time buyers are […]