Tuesday, January 3, 2012

FSA: new rules on deposit protection publicity

The Financial Services Authority (FSA) is planning to make it obligatory for all banks, building societies and credit unions in the UK to prominently display how much compensation savers could claim in the event of an institution failing, and where from.

Wednesday, December 28, 2011

Since the early this week's mortgage rates unchanged!

After getting pushed higher in low volume trading late last week, Mortgage Rates are roughly unchanged today, although market volume remains exceedingly light.  This leaves Best-Execution 30yr Fixed rates at the prevailing 3.875%, although some lenders are closer to 4.0% after last week's weakness.

Tuesday, December 20, 2011

Act Soon on New HARP Refinance

Hoping to qualify for a government-backed refinance of an underwater mortgage under the new rules for the Home Affordable Refinance Program (HARP)? Better act fast.
A surge in refinance demand is expected once the new HARP guidelines