go default on mortgage? We are going thru short sale/foreclosure situation and stopped paying mortgage for a month now. Would a car loan lender raise rates based on our mortgage default? Or is the loan rate fixed for the terms of the loan? Only credit cards have universal default clauses. If you are late paying [...]

It wont affect it, sometimes it can make it worse. Mortgages are sold like Oil, or Corn ect. They are sold on the open market. If China, Japan ect decide they dont want to buy mortgages anymore the rates go up. The Fed doesnt control mortgage rates. The people that buy mortgage backed securities do. [...]

how many points do i have to buy to bring my rate to 5% an how much would it cost me for those points thank you It shouldn’t be any more than one point if you have good credit and don’t get cash back at closing. If your loan amount is less than $200,000, there [...]

I am planning to purchase a house for $519 000. Down payment – 25 000 to 50 000 dollars Is it possible to get 0% mortgage rate? How do you make this kind of deal with the bankers? What are the chances of getting this deal? My goal is to only pay $1320 or so [...]

With the same information given between several different lenders (fico, salary, down payment, etc) there seems to be a slight difference in rates. How flexible are these rates? Can the lender actually give me a better rate to win my business without me having to pay points or are the rates non negotiable based on [...]

Will the fed rate cut bring mortgage rates down even further?Freddie Mac said the rate on a 30-year fixed-rate loan averaged 5.69 percent for the week ending Jan. 17, down from 5.87 percent last week. 10yr Treasury notes are what affect mortgage rates. Bond markets drive the mortgage business. The Fed cut will instantly impact [...]

Hi, I was shopping for the mortgage and I came across a loan officer who sends me the rate sheet every day and also ready to give .625 points as credit towards closing costs. For example, from his rate sheet yesterday the rate for 30 year fixed was "4.875 with .125 points", so he says [...]

but there hasn’t been any notable reduction in the prime rate or the fed funds rate. Why haven’t mortgage rates dropped as much. If I recall, auto loans were about 5.75%-6% this time one year ago. What is causing this? Financed cars is more expensive to insurance cause it requires full coverage. You can compare [...]

trying to figure out whens the best time to refinace or get a fixed home equity loan. Fed’s rate has no direct impact on mortgage rates. Only on short term loans like Equity lines, Car loans, Credit card rates, and Personal loans form banks addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fmortgage-loan-rates%2Fwhen-will-we-see-the-fixed-loan-mortgage-rates-come-down-as-a-result-of-the-feds-rate-cut’; addthis_title = ‘When+will+we+see+the+fixed+loan+mortgage+rates+come+down+as+a+result+of+the+fed%26%238217%3Bs+rate+cut.%3F’; addthis_pub = ”;