Almost 180,000 people who took out two year fixed rate mortgages during the second quarter of 2005 are facing an increased monthly mortgage bill of an average of £185 per month, as the fixed rate period of their loans come to an end and base rate rises hike the standard variable rate of many mainstream mortgage lenders.

Mortgage rates broke out of a narrow range, rising to the highest point since January. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage rate is now 6.42 percent and has an average of 0.26 discount and origination points.

Mortgage rates increased slightly this week, with the average 30-year fixed mortgage rate rising to 6.32 percent.

Recently I was contacted by a mortgage professional about a new program that claims "The average MMA customer will pay their 30-year mortgage off 100% within 8 to 11 years-with little change to their day-to-day spending habits and without increasing their monthly mortgage payments."

We can all use tips for buying our first home. For this reason, we will help you with some tips on what to look out for when you are a first time homebuyer.

Just about everyone takes pride in the home they bought - especially is this true when you know you have the best deal around. If you are looking to find a way to finance your new home, then there are a number of things you can do in order to save some serious money and reduce your monthly mortgage payments.

Mediamax reports that the Chairman of the Central Bank of Armenia Tigran Sarkisian said during the annual meeting of the Association of mortgage market participants of Armenia that the mortgage crediting has growin in Armenia in 2006, reaching to 25.4 billion AMD.