OBAMA says refinance your home. How much could you save?

APRIL 9, 2009, 8:15 P.M. ET
Obama for Change (In Your Mortgage)
By JOHN D. MCKINNON WASHINGTON — WALL STREET JOURNAL ARTICLE
President Obama called for millions of Americans to refinance their homes, in his latest turn as salesman-in-chief for the administration’s economic policies. In a White House event aimed at building on recent hopeful signs in the [...]

Mortgage Rate Forecast 2009-CNBC Interview

If you’ve been on the fence about buying a home in the Tampa Bay area; you’ll want to read this news article about interest rates.
It’s hard to believe in today’s economic environment, but the overall Bond market, including Mortgage Bonds, are contending with the “I” word this morning…inflation…thanks to Fed member Frederic “Uncle Freddy” Mishkin.
Mishkin [...]

Credit Crisis & Real Estate Markets Report

Credit Crisis & Real Estate Markets Report
Federal Reserve Board Slashes Fed Funds Rate
On December 16, 2008, the Federal Reserve slashed the target range for the federal funds rate to 0%-0.25%–a clear signal that Chairman Bernanke and other members of the Board will take all necessary steps to achieve economic recovery.
The press release announced that, [...]

Mortgage Rates Reach All Time Low-Tampa, Fl

Just a quick update on the lowest mortgage rates we’ve seen in a long time! I was sent this today:
Conforming 30 yr fixed : 5.25%
Conforming 30 yr fixed: 5.0%
30 yr FHA rates: 5.125%
30 yr VA rates: 5.375%
JUMBO 5 YR ARM: 5.5%
JUMBO 7YR ARM: 5.75%
Here is what happened that caused mortgage rates to drop:
The mortgage industry [...]

Citigroup puts foreclosure moratorium on 500,000 homeowners

Looks like there’s some good news for people who are at risk for foreclosure. If your loan is through Citigroup you may want to contact them for more information on how you can take advantage of this program.
Citigroup plans to rescue 500,000 homeowners

 
On the heels of JPMorgan Chase & Co.’s loan modification program, Citigroup Inc. [...]