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- 1st Time Buyers (2)
- First Federal News (8)
- Programs (2)
- Rates (7)
- Ruoff Industry Insider (1)
- 24. August 2010: Mortgage Rates for the week of 8/17/2010
- 26. May 2010: Mortgage Rates for the week of 5/25/2010
- 19. May 2010: Mortgage Rates for the week of 5/19/2010
- 13. May 2010: Borrower Checklist: What's required to apply for a home loan?
- 12. May 2010: Mortgage Rates for the week of 5/11/2010
- 28. April 2010: Mortgage Rates for the week of 4/27/2010
- 22. April 2010: Mortgage Rates for the week of 4/20/2010
- 17. April 2010: Mortgage Rates for the week of 4/13/2010
- 6. March 2010: Mortgage Market News for the week ending March 5, 2010
- 5. March 2010: 1st Time Buyer Program! Community Home Buyer's Corp Community Development
Mortgage Rates for the week of 4/27/2010
28. April 2010 by admin.
From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank
906 W Edison Rd. Mishawaka, IN 46545
Mortgage Loan Interest Rates
Interest Rates and Annual Percentage Rates (APRs) are effective as of: 04/27/2010
| FIXED RATES | 0 points | APR * | 2 points | APR * |
|---|---|---|---|---|
| 30 YEAR | 5.250 | 5.288 | 4.750 | 4.965 |
| 20 YEAR | 5.125 | 5.176 | 4.625 | 4.916 |
| 15 YEAR | 4.625 | 4.690 | 4.125 | 4.494 |
| 10 YEAR | 4.500 | 4.597 | 4.000 | 4.532 |
| ARM RATES | 0 points | APR ** |
|---|---|---|
| 3/1 ARM | 4.500 | 3.472 |
| 5/1 ARM | 4.625 | 3.699 |
| 7/1 ARM | 4.875 | 3.400 |
| 10/1 ARM | 5.125 | 4.430 |
| FHA RATES | 0 points | APR ** |
|---|---|---|
| 30 Years | 5.625 | 5.661 |
| 20 Years | 5.500 | 5.548 |
| 15 Years | 4.875 | 4.939 |
FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.
Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.
Posted in First Federal News, Rates | Print | No Comments »
Mortgage Rates for the week of 4/20/2010
22. April 2010 by admin.
From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank
906 W Edison Rd. Mishawaka, IN 46545
Interest Rates and Annual Percentage Rates (APRs) are effective as of: 04/20/2010
| FIXED RATES | 0 points | APR * | 2 points | APR * |
|---|---|---|---|---|
| 30 YEAR | 5.250 | 5.288 | 4.750 | 4.965 |
| 20 YEAR | 5.125 | 5.176 | 4.625 | 4.916 |
| 15 YEAR | 4.625 | 4.690 | 4.125 | 4.494 |
| 10 YEAR | 4.500 | 4.597 | 4.000 | 4.532 |
| ARM RATES | 0 points | APR ** |
|---|---|---|
| 3/1 ARM | 4.500 | 3.472 |
| 5/1 ARM | 4.625 | 3.699 |
| 7/1 ARM | 4.875 | 3.400 |
| 10/1 ARM | 5.125 | 4.430 |
| FHA RATES | 0 points | APR ** |
|---|---|---|
| 30 Years | 5.625 | 5.661 |
| 20 Years | 5.500 | 5.548 |
| 15 Years | 4.875 | 4.939 |
FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.
Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.
Posted in First Federal News, Rates | Print | No Comments »
Mortgage Rates for the week of 4/13/2010
17. April 2010 by admin.
From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank
906 W Edison Rd. Mishawaka, IN 46545
Mortgage Loan Interest Rates
Interest Rates and Annual Percentage Rates (APRs) are effective as of: 04/13/2010
| FIXED RATES | 0 points | APR * | 2 points | APR * |
|---|---|---|---|---|
| 30 YEAR | 5.375 | 5.412 | 4.875 | 5.091 |
| 20 YEAR | 5.250 | 5.301 | 4.750 | 5.047 |
| 15 YEAR | 4.750 | 4.820 | 4.250 | 4.619 |
| 10 YEAR | 4.625 | 4.718 | 4.125 | 4.655 |
| ARM RATES | 0 points | APR ** |
|---|---|---|
| 3/1 ARM | 4.500 | 3.472 |
| 5/1 ARM | 4.625 | 3.699 |
| 7/1 ARM | 4.875 | 3.400 |
| 10/1 ARM | 5.125 | 4.430 |
| FHA RATES | 0 points | APR ** |
|---|---|---|
| 30 Years | 5.625 | 5.661 |
| 20 Years | 5.625 | 5.674 |
| 15 Years | 4.875 | 4.939 |
FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.
Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.
Posted in First Federal News, Rates | Print | No Comments »
Mortgage Market News for the week ending March 5, 2010
6. March 2010 by admin.
| From the desk of:Brent Barnhart Loan Officer Ruoff Mortgage Co. 1612 South Bend Ave. South Bend, IN 46617 Economic data was the primary force driving mortgage rates this week. Generally weaker than expected data resulted in modest improvement in rates for most of the week. This was completely offset by an increase in rates on Friday due to stronger than expected Employment data, however, leaving mortgage rates nearly unchanged from last week.Against a consensus forecast for a decline of -50K jobs, the economy lost -36K jobs in February, and the revisions from prior months showed more jobs than previously reported. The Unemployment Rate remained unchanged from January at 9.7%, which was lower than expected. The payrolls figures and the unemployment rate are calculated from two separate sets of data. The payrolls report focuses on larger companies, while the unemployment survey covers all companies. The more volatile unemployment survey surprisingly showed an increase of 308K jobs in February, indicating that smaller companies were a source of job gains.This week’s housing data was weaker than expected. January Pending Home Sales fell 7.6%, far below the consensus forecast for a small increase. They were still 12% higher than one year ago, however. The expected surge in sales from the extended homebuyer tax credit has failed to materialize so far. The chief economist of the National Association of Realtors (NAR) suggested that unusually harsh weather “hampered shopping activity” in many regions, so a pickup in sales still may happen. | **Buy a Home** | **Buy a Condo** | |
Posted in Ruoff Industry Insider | Print | No Comments »
1st Time Buyer Program! Community Home Buyer’s Corp Community Development
5. March 2010 by admin.
| This is a fabulous program for First Time Home Buyers in South Bend, Indiana! Call or email for further details or to schedule an appointment. 574-329-9587 or Tim@TimVicsik.com (subject CHC Program). Community Home Buyers CorpThe mission of Community Homebuyers Corporation (CHC) is to provide affordable mortgage opportunities to first-time homebuyers, with low and moderate income, who wish to become residents of the City of South Bend. Owning a home is a goal of almost every person, but securing the appropriate financing can be difficult. With assistance from the Community Homebuyers Corporation (CHC) you or someone you know can move one step closer to owning a home.
The CHC provides mortgage loans for clients who are income eligible and may or may not be able to obtain conventional financing. The CHC does not require a down payment, and has competitive interest rates, easier qualifying ratios, and no requirement for PMI insurance. The 80/20 Loan is used by CHC as a program tool in the form of a grant. The 80/20 Loan Program is a special mortgage for applicants who are eligible based on income. A percentage of 5% - 20% of the purchase price is in the form of a forgivable second mortgage loan that you will not be obligated to pay back if certain criteria are met. Criterion includes a term of on-time consecutive payments on the first mortgage and attending post-purchase classes that cover home maintenance and personal finance topics. The CHC serves St. Joseph County; however, the Community Homebuyers Corporation 80/20 loan program is currently available for home purchase within the City limits of South Bend only, based on available funding. 243 homes were purchased through the CHC 80/20 Program in this ten year period. Information provided by CHC: Community Development | **Buy a Home** | **Buy a Condo** | |
Posted in 1st Time Buyers, Programs | Print | No Comments »