NLIC.org

Jane Said:

How can I moniter the home mortgage interest rates? I do not want a rate quote.?

We Answered:

My website has current rates updated daily. Scroll to the bottom of the page.

http://www.lenderhomepage.com/content/te…

Antonio Said:

what are the fannie mae and freddie mac mortgage home rates at this time Fixed?

We Answered:

The question can be answered by looking in your local newspaper. Looking in the newspaper will tell you what a person with perfect credit will be able to get it they applied for a mortgage loan with the lenders, bankers or brokers listed there.

This in all probability will not be the interest rate you will be able to get.

Your rate will be based on your credit score and how you have paid your credit that is currently on your credit report as well as the number of debts you have and the amount of money you earn per month to pay your debts on your credit report.

So knowing the fixed rates of Fannie Mae and Freddie Mac would not do you any good unless you just want to know the going rate for today as they change each day and sometimes 2 or 3 times per day.

I hope this has been of some use to you,good luck.

"FIGHT ON"

Brenda Said:

Tracking home Mortgage rates.?

We Answered:

bankrate.com

This is not a typical election year. Rates are all moving with the availability of capital, and there's not much out there. So, even though the Fed may be lowering rates, the rates for mortgages are rising slightly.

You need to get your construction loan lined up right now. And make sure you have a commitment for the permanent financing.

Salvador Said:

Can anyone tell me why in America the home mortgage rates are very low between 2% and 3%, whereas......?

We Answered:

No, the rates are not that low in America. Someone is giving you bad information. Fixed rate mortages may be around 6% or 7%, but this is only to people with the best credit and who can verify everything. If you see rates for 4% or 5%, these are adjustable rates for the first month only, and then they jump up.

"Inflation" is NOT an increase in prices. Inflation is an excessive increase in the money supply, and the money supply is controlled by the government, usually though the printing press. Mortgage rates in the US are not tied to the inflating of the money supply by the Federal Reserve, but by such things as 30-year Treasury bills.

Mortgages in the US are funded by Fannie Mae and Freddie Mac, which sell mortgage backed securites, and this is where the money for the mortgages comes from. This has nothing to do with Australia. Your government is lying to you.

Naomi Said:

Will the home mortgage rates go up or down when the "bailout" is enacted?

We Answered:

It's hard to say what is going to happen when this is done. The whole plan is so cluttered and confusing that mortgage rates could go up, taxes could go up. Not really sure at this point, but I don't think the bailout should happen at all. It isn't our fault that CEOs got rich while their companies went into the ground.

Ramon Said:

Are home mortgage interest rates expected to drop even lower?

We Answered:

Mortgage loan rates on a 30 year fixed rate loan fell as low as 5.5% today based upon the market's anticipation of the Federal Reserve lowering the prime rate of interest again at their next meeting. The market usually acts in advance of Fed action, and today was no exception.

How low rates will drop is anybody's guess but I am advising my clients not to be too greedy. Unless you're doing a huge loan it takes .375% - .500% in rate drop to see a large enough drop in a payment to risk losing a great rate like 5.5%.

Remember, rates creep down but they scream up!