Mortgage rates unchanged for the second straight week. What a great deal for first time home buyers.

While the Obama administration has been pushing lenders to modify loans rather than foreclose, most attention has been paid to first mortgages. But what about second mortgages? Rates on those are always higher than firsts, and it's been a popular way for homeowners to draw on equity, and thus, get in trouble.

Despite falling and all time low mortgage loan rates the mortgage applications in USA declined by 18 percent after increasing a week before. Yesterday HUD announced it's revamped Hope For Homeowners program, which aims to provide affordable mortgage refinance options for homeowners. It is hoped that these measures will help to give boost the real estate market in USA.

Monday, mortgage markets improved with news of new Swine Flu cases.

There is not as much flexibility in how you get your funds, but there are a couple of very good things that fixed rate reverse mortgages can do. For example, right now with all the increases to the margins that the adjustable rate loans have seen as of late, the fixed rate that we have offers borrowers more cash in their pocket than any of the adjustable options.

Mortgage rates are falling and home buyers can get loans at historically low levels. But there is the other end of the spectrum, the people who take advantage of the low mortgage rates and refinance their existing home loan.

The Bank of Canada just dropped their lending rate by a quarter point, which was then followed by the major banks. You can now get a mortgage in Vancouver, BC for as low as Prime +0.5% (2.75%). How will this affect your purchase decision and what does the future hold for mortgage rates?

The most recent Freddie Mac mortgage market survey, released Thursday, showed that 30-year, fixed mortgage rates slipped to 4.80 percent this week, down from 4.82 percent.

Carina Marchese gives some good advise to her clients on what to do and how to navigate in today's mortgage market due to the falling mortgage rates. "Should my clients Float? Should they lock?" asks Carina her her blog giving mortgage advice in Philadelphia region.

While the mortgage rates go up and down and it's becoming increasingly difficult to keep up with the mortgage rates in this volatile market there is one particular type of mortgage that became the focus of our attention: the Jumbo Mortgage. According to the recent survey, released by Bankrate the Jumbo mortgage rates have fallen to a two-year low of 6.52 percent, down from 6.76.

This morning Firstbank Corporation reported its 2009 first quarter results of $0.16 per share and said that sharply falling mortgage rates resulted in strong refinance activity which offset some of the losses from the real estate.

Millions of people in the United States agreed to mortgages in the early years of the 21st Century that contained 'variable rates' of interest. What this really means, as all too many people are currently learning the hard way, is that when the interest rates go up and/or the note begins to mature, the monthly payments can almost instantaneously skyrocket.