• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Freddie Mac: 27% of Borrowers Refinanced into Shorter Term

Freddie Mac borrowers who refinanced in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM) and 27 percent of them chose to shorten their loan term.  Freddie Mac‘s Quarterly Product Transition Report released Tuesday said 69 percent of borrowers kept the same term as the loan that they had paid off; 4 percent chose to lengthen their loan term, primarily those with 20 year terms, 22 percent

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Mortgage Rates Sharply Higher, Erasing Most Of The Recent Recovery

  Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January.  Although rates didn’t make it quite as high in absolute terms, much of the recent recovery was erased.  In other words, we’re now closer to early January’s levels than we are to yesterday’s levels.  The move was more than sufficient to bump Best-Execution for Conventional 30yr Fixed Loans up to 3.5%

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HARP 3 : Changes We’d Like To See In The #MyRefi Program – HARP mortgage rates

HARP mortgage rates: A Brief Introduction HARP mortgage rates The Home Affordable Refinance Program (HARP) was first launched in 2009 as an economic stimulus program; a way to boost consumer spending. At the time, mortgage rates were falling to new lows, but at the same time, home values were in retreat. Falling home values pushed a plethora of U.S. homeowners over the 80% loan-to-value threshold which meant that refinancing was impossible without

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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