Mortgage Interest Rates Down At Phh Mortgage Saturday Jan 11

The benchmark 30 year refinance loan interest rateshave been offered at 3.50% at PHH Mortgagewith an APR of 3.723% .Shorter term 15 year refi fixed rate loan interest ratesare available starting at 2.75%today carrying an APR of 3.239% .The 7/1 Adjustable Rate Mortgagesare 2.625% currentlywith a starting APR of 3.141% . The bigger picture Ratessometimes change because of MBSs traded on finance marketsthat sometimes move with the stock market.Stock marketsloweredby close of day todaywith the DJIA at 15,337.70 down -0.73%. Mortgages atPHH Mortgageblindly followedthe market direction.Independent of mortgage rates,this particular banks stock pricelost groundto 21.89 down -0.11. For the original version including any supplementary images or video, visit http://www.eaglesrant.com/mortgage-interest-rates-down-at-phh-mortgage-saturday-jan-11/25745/michael-dorn





Higher mortgage rates sparks home buying





"The government decided mortgages were the reason for the financial meltdown," said John Walsh , president of Total Mortgage, a direct-to-consumer lender in Milford that is licensed in 30 states. "It's a slippery slope. It's one of those things that will make it more difficult to find a mortgage in 2014." And those new restrictions put into effect by the Consumer Financial Protection Bureau are sure to put a crimp in housing purchases, he said, adding that as of Friday, mortgage applicants will have to meet stringent debt-to-income guidelines set forth by the new federal regulations. For the original version including any supplementary images or video, visit http://www.ctpost.com/realestate/article/Higher-mortgage-rates-sparks-home-buying-5126220.php