New Haven Mortgage Rates and Information Online from competing Lenders

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TREASURIES-Borrowing binge exacerbates selling in bonds - Reuters
NEW YORK, Jan 7 (Reuters) - U.S. Treasury debt prices eased on Wednesday as spotty auction results confirmed fears about the market's ability to absorb a growing need for new issuance, offsetting any safety bid from careening stocks. The downturn ...

Setting the Bull Trap - Safe Haven
Yesterday I sent you an Outside the Box from Paul McCulley who supports the government and Fed activity (in general) in the current economic crisis. Today we look at an opposing view from Bennet Sedacca of Atlantic Advisors. He asks some very ...

Pre-purchase help for home buyers lessens risk - San Francisco Gate
Saturday, January 3, 2009 The mortgage meltdown has claimed the financial stability of countless other first-time home buyers, but Azucena, 30, is not worried about losing her home, even though she recently lost her job as a Genentech manufacturing ...

When it comes to success, Devils top the list - New York Daily News
You keep hearing how the Jets are clueless and how the Yankees are willing to spend money. But here are my rankings of the local men's pro sports organizations, top to bottom: 1. Devils - Lou Lamoriello gets all the credit in the world here. The ...

Refinancing for less - CNN Money
(Money Magazine) -- Question: I'm refinancing my mortgage, and my lender tells me that I need to get a new title insurance policy, which will cost more than a thousand dollars. We haven't made any changes to our home, and there aren't any outstanding ...

President Bush Tried to Rein In Fan and Fred - Wall Street Journal
Mythmaking is in full swing as the Bush administration prepares to leave town. Among the more prominent is the assertion that the housing meltdown resulted from unbridled capitalism under a president opposed to all regulation. Like most myths, this ...

Don't miss the refinance window - HometownAnnapolis.com
CHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5 ...

Mortgage-Bond Yields Hit Lows on Speculation of More Fed Buying - Bloomberg
Jan. 6 (Bloomberg) -- Yields on Fannie Mae , Freddie Mac and Ginnie Mae mortgage bonds fell to record lows, dragged down by their declining spreads relative to government notes after the Federal Reserve began a $500 billion program to buy the bonds ...

Six Lessons for Investors - Wall Street Journal
1) Beware of market forecasts, even by experts. As 2008 began, strategists from Wall Street's 12 major firms forecast the end-of-the-year closing level and earnings of the Standard and Poor's 500 Stock Index. On average, the forecast was for a year ...

Year-end Facts - Safe Haven
For the holiday week, the S&P500 jumped 6.8% ('08 decline 38.5%) and the Dow gained 6.1% (down 33.8%). The broader market also rallied sharply into year-end. The small cap Russell 2000 jumped 6.1% (down 34.8%) and the S&P400 Mid-Caps rose 7.1% (down ...

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Today's Mortgage Terms starting with M

  • Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
  • Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
  • Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
  • Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
  • Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
  • Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
  • Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
  • Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
  • Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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