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Alabama Mortgage Rates and LendersCompare rates online from local and national mortgage lenders for the entire state of Alabama. Shopping for a mortgage loan can be a difficult and overwhelming task. The best way to get a low rate mortgage and the best mortgage deal is to compare multiple banks and lenders. If you are a consumer with good or bad credit you may be eligible to qualify for a mortgage loan from Fannie Mae, Freddie Mac or the department of HUD through and FHA mortgage loan. Home owners can apply for both first and second mortgage loans. Alabama home owners have often chose fixed rate mortgage loan programs over some of the more exotic interest only or variable rate loan programs that were at one time very popular in other regions. Consumers who are shopping for the best mortgage rates and loan terms should compare good faith estimates from both local and national lenders to get the best loan terms. Consumers who are purchasing a second home in Alabama may want to compare local lenders in the area as well as national lenders as guidelines for second homes and investment properties will vary by mortgage lender. We can help you compare Alabama mortgage rates and loan terms for: Auburn, Birmingham, Decatur, Mobile, Montgomery , Troy and the entire state of Alabama
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Rates, News & Advice Articles
June 13, 2011
The stock market tried to mount a rally on Monday, but finished the day relatively flat, a growing signal that the pessimism in the market may be around to stay for the summer. The DOW was up almost 100 points in early trading action as investors were looking to buy into some bargains from the sell...
QRM Yet Another Federal Blunder In Fixing The Housing Market
QRM – Qualified Residential Mortgages is probably the dumbest idea the government has rolled out in the past 24 hours. An idea whose origination stems from the colossal collapse of the economy and U.S. housing markets would ensure the collapse of the American Real Estate Market. The simple economics...
June 4, 2011
The continued decline in stock prices, weakness in housing and the employment markets over the past sixty days has very few silver linings. The one area that has benefitted from the market changes is the mortgage market, where fixed home mortgage rates have continued to improve. Loan rates dropped to...
May 26, 2011
May has been a great month for the mortgage market as long term interest rates have moves substantially lower this month following a dip in bond yields. The ten year treasury bond move below 3.1 this week, over seventy basis points off of its high levels of the year. The correlation to fixed mortgage...