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Archive for September, 2012

Why Mortgage Refinancing Is Such A Good Idea

September 19, 2012 Leave a comment

Why Mortgage Refinancing Is Such A Good Idea

In this edition of SLS Mortgage blog, I have found a couple of interesting articles and a video describing the current mortgage and real estate markets. The first article is about how mortgage rates are still extremely affordable even though home prices are rising and sales are up. Read more below:

Mortgage rates down; home prices, sales up
HSH Financial Publishers (blog), on Wed, 19 Sep 2012 08:27:52 -0700

“The Federal Reserve has aimed their efforts squarely at the mortgage market,” said Keith Gumbinger, vice president of HSH.com. “They will be buying up to $40 billion of Mortgage-Backed Securities monthly in an effort to drive mortgage rates lower.

This video explains how taking advantage of these low rates by refinancing an existing mortgage can save a homeowner tens of thousands of dollars over the lifetime of their higher interest mortgages. This savings could be what the economy needs to get consumer spending up and therefore, stimulating the economy. Watch it here:

And finally, the following article describes how the federal government can help keep these mortgage rates low by encouraging homeowners to refinance. Find out how here:

Congress Could Help ‘Quantitative Easing’ Reach Main Street
Center For American Progress, on Wed, 19 Sep 2012 09:00:14 -0700

Most U.S. households are not in the market for a new home, so the hope is they will access low interest rates by refinancing their mortgages. Yet mortgage rates have been well below historic norms for more than a year, and most eligible homeowners who

I hope that these will shed some light on why it is so important to consider refinancing right now. Mortgage rates continue to be at historic lows but they won’t stay that way forever. When you decide that refinancing is right for you, contact us at SLS Mortgage to get the best rate available today.

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Mortgage News For September 2012

September 13, 2012 Leave a comment

Mortgage News For September 2012

It’s been a while since we added a blog post. We have been extra busy this summer and let our posting slip! We wanted to jump back in the game, though, so today we bring you some current news about the state of mortgages and the real estate market. Not much commentary here, just wanted to begin our regular posting again by pointing out some current news.

Mortgage Rates Move Lower | RISMedia
http://www.rismedia.com/

Mortgage rates were mostly lower for a second straight week, with the benchmark 30-year fixed mortgage inching down to 3.79 percent, according to Bankrate.com’s.

Home Loans | Mortgage Bankers | Refinance Applications
http://therealdeal.com/

September brings mortgage activity resurgence. September 12, 2012 08:30AM. As the calendar turned to September, mortgage activity also turned a page following a dismal August. Mortgage applications increased 11.1 percent for the week

We hope that these resources will bring you up to speed on the status of the real estate and mortgage market presently. If you have any questions about specific mortgage loans, mortgage rates, or home loan products, please feel free to contact us. It’s good to be back in action!

Categories: Uncategorized