A home equity line of credit is the cheapest way to borrow money right now — if you can get one.
And Nationwide Bank has about the best deal around on HELOCs — if you can get one.
The Columbus, Ohio, bank is offering 3.25% APR to homeowners with good credit (a FICO score above 720) and [...]

With the Federal Reserve flooding the mortgage market with money, interest rates have plunged to record lows.
What’s the best deal out there?
We searched the extensive database of mortgage rates on Bankrate.com and Interest.com and found a growing number of lenders offering 30-year, fixed-rate loans for 4.875%, with no points and fees of less [...]

With millions of borrowers defaulting on deceptive adjustable-rate mortgages, we certainly understand why no one wants an ARM right now.
But ING Direct has an intriguing offer that’s worth considering — a 5/1 adjustable-rate mortgage with an introductory rate of 4.5%.
Although you’ll find lenders advertising 4.5% fixed-rate mortgages, you can only get that rate by paying [...]

An old but important chart to be aware of… The 2008 subprime ARM resets brought the USA into recession, but it will be the tidal-wave of ALT-A + option ARM resets coming soon that will crush the markets.

If you are on the sidelines looking to buy a house, time is on your side. With [...]

The credit crunch won’t be over until home values stop tanking, and that won’t happen until mortgage rates are low enough to attract new buyers.
Considering that mortgage rates are at their yearly highs since the early 2000s (according to Bankrate data), and that the Fed has nearly exhausted it’s toolbox of financial instruments to [...]

The Fed’s attempts at thawing the frozen mortgage lending industry have not yet showed any signs of hope. In fact, during the last few months while the Fed has been cutting interest rates from 5% to 2.50%, mortgage rates have actually inched up over 10% from their monthly lows!
There are a lot of news [...]