Sentences with phrase «mortgages during the past year»

HUD is out with new statistics explaining that 400,000 «families» (not just homeowners, of course) have refinanced with FHA mortgages during the past year.

Not exact matches

If you sit back and ponder this situation for a minute, this helps to understand why mortgage interest rates aren't still shooting to the moon and why Treasury yields have cooled during the past week or two, with the 10 - year yield closing below 2.75 % last week.

If you look at interest rates during the past 50 years you will see that mortgage costs have rarely been lower.

Since a reverse mortgage is a negatively amortizing loan, in time the size of the mortgage debt would likely pass the value of the home — especially during the past few years as home values have generally fallen.

Unlike inquiries from mortgage, auto and student loan applications, where multiple inquiries for the same loan are considered as just one by the scoring formula, all card inquiries incurred during the past year can count in your current score.

More than 75 % of FHA purchase money mortgages were made to first time buyers during the past year, while nearly half of all first time buyers received FHA mortgage loans during the second quarter of 2009.

At the same time, the average interest rate on a 30 - year, fixed - rate mortgage (the type of mortgage most commonly used by U.S. home buyers) was 4 percent, according to Freddie Mac — roughly half the prevailing rate from the past 45 years during periods of full employment.

Survey data further indicates that roughly 10 % of mortgage borrowers took equity out of their home during the past year.

Over the past 45 years, 30 - year fixed mortgage rates have averaged around 7.8 percent during periods of full employment — almost twice the current prevailing rate.

During the past fifty years, long - term mortgages with large balances became more common until now they're the standard.

During the past few years, record numbers of Americans have refinanced their home mortgages as a result of historically low interest rates.

«During the past year, mortgage rates went up for the first time since the Great Recession,» Richard Barrington, MoneyRates.com senior financial analyst and author of the forecast, told the Daily News.

During the past couple of years the term «collateral mortgage» has gained a bit of a negative reputation, especially since TV shows like CBC ’s

During the past couple of years the term «collateral mortgage» has gained a bit of a negative reputation, especially since TV shows like CBC's Marketplace have taken notice.

During the past 15 years, residential mortgage credit has expanded at a rate of 6.4 per cent, which is slightly faster than the growth rate of total household and business credit (5.8 per cent), CIMBL says.

The Justice Department has secured settlements worth tens of billions of dollars during the past two years from mortgage lenders and banks it blamed for the 2008 financial crisis.

My primary mortgage has a balance of $ 35,000 left of my original $ 182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and was able to pay off my house debt rapidly.

«Combined with consistent, positive reports on housing starts, permits, prices and builder confidence in recent months, today's data provides further confirmation that a gradual but steady housing recovery is underway across much of the nation,» says Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. «Consumers who have been on the sidelines during the past few years are deciding now is the time to go forward with a new - home purchase, assuming they can qualify for a good mortgage under today's exceedingly stringent guidelines.»

CAAMP says that during the past nine months, the dollar value of housing resale activity was 8.3 per cent lower than during the year prior to the 2012 tightening of mortgage requirements.

* Twenty - two per cent of mortgage borrowers increased their payments during the past year, 18 per cent made a lump sum payment, nine per cent did both and 27 per cent who renewed increased their payments;

During the past year, 15 per cent of mortgage holders took equity out of their homes, representing a national total of $ 34 billion.

This view is accentuated by the fact that among mortgages transacted during the past year, 65 per cent are fixed rate, 29 per cent are variable or adjustable, and six per cent are combination mortgages.

For a five - year, fixed - rate mortgage, the average discount has been 1.46 per cent during the past year.

Ninety - three per cent of mortgage holders have never missed a payment and of the seven per cent who have, four per cent did so during the past year.