Home Refinancing Information Links

The changes on FHA loans and how they will affect borrowers and sellers

Seller concessions What are they? Contributions that sellers kick in to help defray a buyer's costs. They can include closing costs, inspections, appraisals and free upgrades. What's changing? The FHA proposes slashing allowable seller concessions in half, capping them at 3 percent of the home pr... Federal Housing Administration - Business - United States - Mortgage - Financial Services

Senior Scene

Ambler Senior Activities Center, 45 Forest Ave., Ambler, presents a variety of activities daily, including fun and fitness, table games, cards, yoga, ballroom dancing, piano lessons, woodcarving, billiards, computers, knitting and crocheting, 8 a.m. to 4 p.m., with lunch served at noon. Wii games 10:30 a.m. Mondays. Call if you can offer an hour a day, weekly or monthly. New aerobic dance class ...

Mortgage Rates Hit Another Low: 4.54 Percent

Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans. Freddie Mac says the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. That's the lowest since Freddie Mac began tracking rates in 1971.

Realty Q&A: What to do with a reverse mortgage if you remarry

If a couple takes out a reverse loan, but then one spouse dies and the survivor remarries, it's time to give the lender a call. Even though reverse mortgages are nonrecourse loans, there are reasons to consider refinancing into a new loan.

Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain

Metacapital Management LP, the hedge-fund firm run by former Lehman Brothers Holdings Inc. mortgage-bond trader Deepak Narula, returned 28 percent in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing.