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Important News: FHA Reduces Mortgage Insurance on FHA loans after January 26th, 2015!

This means that anyone with an FHA loan is paying almost 60% more for mortgage insurance than they need to.  Consumers with FHA mortgages should consider refinancing with a FREE Streamline Refinance.





 

 

 

 

 

 

  

FHA Disclaimer: Cornerstone Mortgage is not acting on behalf of or at the direction of HUD/FHA or the Federal government.


Attention Homebuyers

 

 

If you are in the market to purchase a home, stop by our office at 1500 Standiford Ave., Building A for your Free Homebuyers Guide Monday-Friday 8:00 - 5:00.  This guide will give you valuable information that will help you navigate the home buying process and avoid critical mistakes. 






 


Here is the Latest Mortgage News:

































Mortgage News:
 
Case for Fed to Hold Off on Raising Rates
8/29/2015 4:16 AM
A Nobel laureate in economics who is a professor at Columbia University makes a case for the Federal Reserve to hold off on raising rates.....As Fed officials congregate this weekend in Jackson Hole, Wyoming, many are wondering whether the nation"s central bank will raise interest rates next month.....Over the past six years, price gro...Read More
 
Jumbos, ARMs Lead Surge in Weekly Mortgage Business
8/29/2015 4:16 AM
As mortgage rates plunged this past week, jumbo loan and adjustable-rate mortgage activity shot up -- helping to drive up overall business.....The U.S. Mortgage Market Index from OpenClose and Mortgage Daily for the week ended Aug. 28 landed at 144.....Compared to the previous week the index, a reflection of average p...Read More
 
Nationstar Giving $30 Mil to Distressed Borrowers
8/29/2015 4:16 AM
Nationstar Mortgage is providing $30 million to borrowers on distressed home loans in an agreement tied to financing for a new $500 million basketball arena.....Wes Edens is co-founder, principal and co-chairman of Fortress Investment Group, which holds a majority stake in Dallas-based Nationstar.....Edens is also co-owner of the Milwa...Read More
 
Mortgage Rates Tumble But Set to Surge
8/29/2015 4:16 AM
As financial markets were in turmoil this past week, fixed mortgage rates sank. But all indications are that rates will bounce back up in the next report.....The Primary Mortgage Market Survey from Freddie Mac for the week ended Aug. 27 indicated that 30-year fixed rates averaged 3.84 percent.....Thirty-year rates sank from the p...Read More
 
Monthly HARP Volume Off Despite Up Tick in Refis
8/29/2015 4:16 AM
Although the monthly volume of government-sponsored enterprise refinances moved higher, the same can"t be said of government-supported refinances.....Primary lenders refinanced 198,503 home loans that are owned or managed by Fannie Mae and Freddie Mac during June.....The findings are based on a Mortgage Daily analysis of da...Read More