Twin Cities Mortgage Refinancing

Mortgage Refinancing Expected to Jump as Mortgage Rates Fall

November 5th, 2007 at 12:30pm Under mortgage rates+ mortgage refinancing

Quicken, the manufacturer of both Quicken and Quickbooks, the well-known software accounting package, released this statement just today:

Mortgage Rates Fall, Refinancing Expected to Jump

11/6/2007 - Quicken Loans

Interest rates on 30-year fixed rate home loans fell to their lowest point in nearly six months today as investors, concerned with continuing turbulence in the housing and credit markets, moved their money into high quality bonds, like U.S. Treasuries, helping move long-term interest rates lower.

According to online mortgage lender Quicken Loans, nearly $100 billion in adjustable rate mortgages will reset through the remainder of 2007. The drop in long-term interest rates should benefit homeowners hoping to refinance an adjustable rate mortgage into a fixed-rate loan prior to the interest rate reset…

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Now is the Time for Mortgage Refinancing!

November 2nd, 2007 at 11:18am Under 30 year mortgage+ fixed rate mortgage+ foreclosure+ mortgage refinancing

This is such welcome news, regarding mortgage refinancing, that we decided to publish the article in full. Here it is:

30-Year Mortgage Rates Fall Sharply
By MARTIN CRUTSINGER

WASHINGTON (AP) — Rates on 30-year mortgages fell to the lowest level in five months as evidence mounted that the economy is slowing down.

Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.26 percent this week, down from 6.33 percent last week. It was the lowest level since 30-year mortgages were at 6.21 percent the week of May 17.

Analysts attributed this week’s decline to further evidence that the steep slump in housing is getting worse and other parts of the economy are slowing as well.

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Minnesota Mortgage Refinancing

November 1st, 2007 at 04:55am Under minnesota+ mortgage refinancing+ twin cities

Here is one of our ads that we are running;

Mortgage Refinancing(612) 685-0813 - Serving the entire Twin Cities metro

Get a Quote for a Better MORTGAGE

Here are just a few of the many reasons to work with the mortgage refi pros at EDR Mortgage:

• Efficient - Because we have helped process so many mortgages we know what is needed and who needs what. Only the necessary documents will be asked for and we do our best to ask for ONLY what’s needed from you.
• Thorough - With all the “i”s dotted and the “t”s crossed, there is usually no surprises.

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