Saunders home equity loans - Compare mortgages by city in Saunders

Mortgage Rate Trends and Market Update

5-Dec-08

Last

Change

Best Rates 30 Year Fixed (50+ lenders) This marker indicates the current chart.

-0.06%

-0.15%

-0.16%

-0.09%

-0.41%

-0.44%

2.49%

-0.39%

-0.25%

0.45%

This marker indicates the current chart. Use links on left to view charts. Click to enlarge.

Week Month Year 3 Yrs

sources: informars.com, erate.com, Freddie Mac

NAMB, Equal Housing Opportunity, BBB Reliability Online, SSL Secure Server

Ashland	Ceresco	Ithaca	Mead	Morse Bluff	Valparaiso	Weston

Cedar Bluffs	Colon	Malmo	Memphis	Prague	Wahoo	Yutan

Today's Mortgage Terms starting with F Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending. Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans. Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending. FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers. First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages. Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan. Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default. View all Terms

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