Tag: Tax holdback
Rate Update for August 20, 2008
Rates are modestly lower this morning. Renewed credit worries have helped mortgage rates remain low in the face of hot inflation data. Here are links to the articles that were referenced in today’s rate update video: -Blog posting & link to Sunday’s Barron’s article regarding the inevitable nationalization of Fannie Mae and Freddie Mac (this [...]
Posted: August 20th, 2008 under Rate Update.
Tags: inflation, mortgage rates, Tax holdback
Comments: 1
‘Tis the season to include tax holdbacks!
It’s that time of year again in Oregon where lenders will begin collecting real estate tax holdbacks for transactions closing in September & October where the first payment of the new mortgage is in November or December. Every year tax holdbacks end up being the source of frustration for many homebuyers who end up having [...]
Posted: August 18th, 2008 under For Professionals, General Mortgage Info., Mortgage Qualification.
Tags: impounds, real estate taxes, settlement charges, Tax holdback
Comments: none