Welcome to 2nd Mortgage News

Mortgage Second

 
  Mortgage Second
Loan Mortgage Second
Second Mortgage Loan
Mortgage Refinance Second
Refinance Second Mortgage
Second Mortgage Bad Credit
Second Mortgage Rate
Second Mortgage Home Loan
Second Mortgage Lender
Lender Mortgage Second
Commercial Second Mortgage
Commercial Mortgage Second
Second Home Mortgage
California Second Mortgage
Second Mortgage Loan Bad Credit
125 Second Mortgage


30-Year Mortgage Rates Dip Again, to 6.63%

Mortgage rates around the country dipped for the second week in a row, a dose of encouraging news for people thinking about buying a home.

Mortgage company Freddie Mac, in its weekly survey released Thursday, said that rates on 30-year fixed-rate mortgages dropped to a nationwide average of 6.63 percent for the week ended Aug. 2. That was down from the previous week's rate of 6.72 percent and was the lowest since mid-June.

.

Related Mortgage Second links



Piggyback Loans Are Risky Business

What do you call a loan to help someone scrape together enough money to make a down payment on a home just so that person can then qualify to take out a mortgage on that home?

Wall Street's answer: an opportunity to create new securities, of course.

So-called second-lien mortgage loans have found a new home in the portfolios of some of the same money managers and pension funds that have been buying bonds created from mortgage loans made to "subprime" borrowers with less-than-stellar finances.

The creation of all sorts of newfangled mortgages, many of which delay principal payments, has ...

.

Related Mortgage Second links



Copyright © Mortgage Second All rights reserved 2006