When buying a home, what is the best lender to use for a mortgage?

Home Mortgage 4 Comments »
galactic129 asked:


…a lender that would give the best possible mortgage rate.

I realize that this is a rather vague question, but please make at least a general input.

Thanks.

Ryan

How come Fed rate is down and mortgage rate are up?

Mortgage 8 Comments »
elmho01 asked:


Hi
How come Fed rate is down and mortgage rate are up to the roof?
Thanks

Clyde

Does my mortgage rate go down if interest rates are cut?

Mortgage 6 Comments »
STARYDYNAMO asked:


Sorry to ask the shocking stupid question! I am coming to the end of my mortgage term ( end of September) and am wandering if the mortgage rates will go down (currently for at 6.99%). Do you think it will go down by this time? I am in the UK.

Bradley

Is it possible to negotiate my mortgage rate like a credit card rate?

Mortgage 3 Comments »
negotiate_mortgage asked:


My wife and I have a 30 yr. fixed @ 5.75% w/Citimortgage. We not only pay on time, but typically make 3 additional payments/ year. With the loan market being as it is….can you negotiate with your mortgage rate?

Philip

Is this a good or bad mortgage rate to have these days?

Mortgage 8 Comments »
Me asked:


I’ve got a 7.125% fixed rate on a 40 year mortgage through BankofAmerica. Home value is about 125,000. I bought it for 109. The mortgage is for 90. Is there anything better out there that I could actually get?

Reginald

what is the difference between mortgage rate and apr?

Mortgage 2 Comments »
jsoosik58 asked:


I am considering refinancing and I see a mortgage rate of 5.75% and an apr of 6%

Lewis

Is there such a thing as a government mortgage rate?

Mortgage 2 Comments »
swtsarina asked:


Countrywide told us that for a 30 year fixed rate for a $417k loan it would be 6% because we work for the government and any mortgage company will offer the same exact rate because it is the “government rate”. Is this correct? I never heard of such a thing.

Ray

Why would someone pick an adjustable rate mortgage over a fixed rate one?

Mortgage 6 Comments »
Kiwi asked:


I just read that foreclosures are up 78% in my state, and a lot of them were because people could not afford to pay on their skyrocketing adjustable rate mortgage. I have never bought a home before, but I would like to know why anyone would choose such a mortgage. Are fixed rate mortgages so much harder to obtain?

Christine