Market News
The Chase Reverse Mortgage
After months of speculation, Chase is readying the launch of their reverse mortgage product, which should in theory bring more competition to the marketplace. Chase Manhattan Bank is gearing up for a fall launch of reverse mortgages, a move that would make it one of the biggest commercial banks to get behind this new and [...]
Time to Fix Your Mortgage Rate?
Artificially low mortgage rates in the U.S. will not last, nor are they sustainable for the economy. With the economy deciding whether the future will be inflationary or deflationary mortgage rates will be a key indicator in which direction economic progress will go towards. In a series FinanciallyFit, identifies some timely issues in the debate. [...]
Ginnie Mae chief urges more mortgages
Talk about historic lows. I can guarantee that mortgage rates will never get any lower than they are today. A recent article in the Pittsburgh Gazette concluded Ginnie Mae’s president’s similar feelings. The head of Ginnie Mae yesterday urged homeowners to take advantage of mortgage rates near 60-year lows by refinancing, saying reports of rampant [...]