Many lenders are holding back on releasing new loan products because of the uncertainty with the Dodd-Frank mortgage reform fiasco. So even as FHA mortgage rates fell to the most affordable level of all-time, very few borrowers can meet the lending requirements needed to realize these historic interest rates.
The yield on the benchmark 10-year Treasury fell once again to a record low at 1.75%. Reuters reported that stocks were sold off because of more fears on a double-dip recession. Mortgage companies like Lenders Nationwide began running ads online featuring fixed 30-year mortgages with rates as low as 3.875%. Several leading mortgage lenders began running radio and television advertisements promoting 3.25% for fixed 15-year loans.
According to new Freddie Mac reports interest rates broke additional records for the 2nd consecutive week. National bank stocks fell sharply just a day after Moody's lowered debt ratings for large home loan lenders. Shares of Citigroup and Morgan Stanley plummeted to new lows when the market opened this morning.
Most Requested Loan Articles: Low Credit Score Mortgage | Subprime Mortgage Lenders | Buy a Home with Bad Credit | Get a Home Loan with Bad Credit | Mortgages for People with Bad Credit | Home Loans for Bad Credit
Popular Loan Pages: No Money Down Home Purchase Loans | Bad Credit Mortgage Lender | Jumbo Home Loans | Bad Credit Lending | Bad Credit 2nd Mortgage Loans | Bad Credit Debt Consolidation Loans | Bad Credit Home Equity Loans | Bad Credit Consolidation | VA Refinancing Mortgage | Bad Credit Second Mortgage | Bad Credit Home Purchase
Copyright - 2014 and Beyond - Bad Credit Loans & Mortgages Loan.com. All Rights Reserved.
Any duplication of this site including content and graphics is strictly prohibited.
Nothing on this site contains a promise for credit or to guarantee a specific loan option that any participating loan company will offer with any specific terms. Completing the form above puts you under no obligation. By clicking "Submit" I am consenting to have my information shared with up to four brokers or lenders and other business partners and for them to contact you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS) and/or email, even if your telephone number is currently listed on any state, federal or corporate Do Not Call list. Site Disclaimers | Privacy/Legal | Opt-Out
Bad-Credit-Loans-Mortgages-Loan.com is not a broker, bank or mortgage lender, rather an online resource for home mortgage related material. BCLML does not qualify, advise or guarantee in any way, either directly or indirectly, the quality of any of the bad credit mortgage lenders or any of the information provided by them. This website offers multiple home loan services but does not endorse, warrant or guarantee loan programs of any lender or broker. We cannot guarantee any rates, points and home loan products posted by lending companies that advertise with our company. We do not take applications, make loans or facilitate mortgage payments. All information is subject to change without notice.
BCLM - 8391 Beverly Blvd., Los Angeles, California 90048