June 4, 2010
Mortgage rates recently fell to 4.84% according to the Phoenix Business Journal likely in response to the continuing downward spiral of the European financial market and the U.S. shifting of stocks. This concludes 6 weeks of lowering rates on mortgages. In the week ending May 20, rates were down as indicated by Freddie Mac: 30-year [...]
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May 20, 2010
According to the Arizona Republic, the federal mortgage aid program called the Home Affordable Modification Program (HAMP) has not provided as much help to homeowners as it originally promised. This program, originally implemented 15 months ago, has been a disappointment to many phoenix area homeowners. To even qualify for the program, homeowners must endure excessive amounts of paperwork, and [...]
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