Friday, July 01, 2005

Quicken Loans - Mortgage News
Renting vs. Buying: Which Is Right for You?
When deciding whether you should rent or buy a home, there are several things you need to consider. Find out what the advantages and disadvantages are to renting vs. buying and see which makes the most financial sense for you.
New Home Sales Up 2.1% in May
The Commerce Department has announce stronger than predicted sales of new homes in May. Find out what has been fueling the housing sector and what's in store for the summer buying season.
May Existing Home Sales Reach Second Highest Level On Record
Despite a 0.7% decline in pre-owned home sales in May, volume remained high, making it the second highest month on record. Find out why the housing market has continued to defy earlier predictions.
Mortgage Applications Fall In Latest Survey
The MBAA reports that mortgage applications fell 11.3% nationwide last week. Despite the decline, volume remained well above normal. Find out how historically low mortgage rates are continuing to drive refinance opportunities.
Get a Home Equity Credit Card
Don't use your credit card for big purchases. Use your home's equity--it's a smarter way to finance big-ticket items and has many advantages. Find out what those advantages are and why it's better to tap into your home's equity rather than using a credit card.
Housing Starts Rise to Fastest Pace in Three Months
The Commerce Department announced that housing starts were up 0.2% in May, reaching a three month high. Find out how low fuel costs and historically low mortgage rates are keeping the housing sector strong.
Refinance Activity Surges on Historically Low Mortgage Rates
The Mortgage Bankers Association reported record-setting home buying activity and a surge in refinancing activity. Find out how historically low mortgage rates are fueling the boom.
Should You Pay Points on a Mortgage?
What are points and when does it make sense for you to pay them? How do points affect your mortgage rate? Find out if paying points on your mortgage makes sense for your situation.
Dis-ARM to a Low Fixed-Rate
An unexpected drop in long-term mortgage rates is creating tremendous opportunities for homeowners. Find out why now is the time to refinance your ARM to a fixed-rate mortgage.
Mortgage Applications Rise 6.5%
The Mortgage Bankers Association reports that refinance applications surged last week, rising to a 42.9% share of mortgage applications. Find out how the unanticipated drop in mortgage rates is fueling a new wave of refinancing.

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