The Manufactured Housing Forums

Hi Folks, Creation of loan programs allowing borrowers to attain 100% financing, and min. monthly payments loans, allowed many borrowers to get into a situation that reality would tell you to run for the trees. Because of the misuse of mortgage programs by both the banking industry and the borrowing...

Advantages 1) Home equity loans are easier to get because of their secured nature and are particularly good for those with a tarnished credit rating or history. 2) Home equity loans offer far lower rates of interest than unsecured loans and credit cards, and this is because they are secured loans an...

Hi Folks, Rates on 30-year mortgages spiked to 6.73 percent this week and rates on 15-year mortgages increased to 6.39 percent from 6.30 percent last week. The "5/1" ARM, set at a fixed rate for five years and adjustable each following year, averaged 6.35 percent compared to 6.29 percent l...

Hi Folks, Mortgage rates have been relatively stable since the beginning of the year with the 30-year fluctuating in a narrow range that saw it go as high as percent for the first two percent in early February and as low as 6.14 6.34 weeks in March. Rates on 15-year, fixed-rate mortgages, a well-lik...

Hi, Today’s current rate for FHA 30 Year Fixed is 6.250% (APR 6.256%). Payment per $1000 (including the low monthly mortgage insurance) is $6.58. The open mortgage insurance is 1.5% of the loan amount and is financed. The monthly mortgage insurance is 0.5% of the base loan amount divided by 12 month...

Hi, As predicted, mortgage interest rates closed their latest rise, as muted economic data trimmed the rising pressure of earlier weeks. The average 30-year fixed-rate mortgage (FRM) drops a single basis point, closing the pricing at 6.37%. For Hybrid 5/1 ARMs, a decline of five basis points was not...

Hi Folks,

Rise in mortgage rates is continued, 30 year fixed - Rate mortgage increased by .03% and ended up at 6.32% on an average. 5/1 ARM increased by 0.06% and ended up at 6.14% so folks choose loans before further rise.


Cheers
Rob Thomos
[email protected]