U.S. mortgage applications jump; rates at record low

NEW YORK (Reuters) - U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, increased 32.2 percent to 1,159.4 for the week ended March 20. Refinancing accounted for 78.5 percent of all applications.

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Check out our Fort Worth Texas Real Estate blog.

Mortgage Lender Sees Future by Looking in Reverse

A longtime mortgage lender says one possible solution for older homeowners facing foreclosure is a relatively unknown product, but one whose prevalence she believes will only increase in the future.

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Fort Worth homes are best guarded from foreclosures with a well-managed home mortgage.

North Texas Can Weather Recession

On top of everything, there's the subprime mess, which nobody seems to fully understand, except that huge numbers of these mortgages were packaged and sold around the globe. With a sluggish economy and falling home prices, many of these mortgage holders are upside down, and foreclosures both nationwide and in the Dallas-Fort Worth area are at their highest since the real estate collapse of the mid-1980s. Though the Metroplex hasn't experienced the housing price bubble now bursting on the East and West Coasts, a huge amount of subprime lending has occurred locally -- $7.5 billion in 2006 alone.

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Know more about Fort Worth HUD Homes with this Texas Realtor.

Don't Expect a Bargain on Mortgage Rates

By now you've probably heard that mortgage rates are falling like a rock, which will cause everyone to run out and buy a house.

Don't buy it – this financial fiction, not the house.

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A well a guided decision will be made from consulting a Fort Worth Real Estate Agent.

15-year Fixed Mortgage rates in Fort Worth, Texas, go up Thursday

Average rates on 15-year fixed mortgages in Fort Worth rose 15 basis points to 5.35 percent on Thursday, according to Bankrate.com's daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.57 discount and origination points.

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If Your Mortgage Lender Goes Bankrupt, Don't Panic

Don't panic - the law protects you, but you must keep making payments.

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Be informed about your Dallas/FortWorth real estate transactions at North Dallas Real Estate

Fort Worth Real Estate & Mortgage Solutions

Fort Worth Real Estate & Mortgage Solutions is your one stop shop for Fort Worth, Texas real estate and home mortgage loans. Teresa Calkins, our principal broker is a licensed Realtor® and Mortgage Loan Officer in Texas. We have a team of real estate agents and mortgage loan officers to help you with all aspects of your real estate transaction.

Fort Worth Real Estate & Mortgage Solutions is a full service mortgage company. We offer conventional, FHA, VA, Jumbo and construction financing. We cater to all of our buyers and are dedicated to excellent customer service and repeat business from our customers. We thrive on making the customer happy. Our goal is to receive at least three referrals from our customers we have closed loans for.

Fort Worth Real Estate & Mortgage Solutions has a team philosophy within our office. Each of our staff members helps one another to accomplish our objectives and close loans. We are very goal and task completion oriented.

Teresa Calkins, Owner - Broker of the company, has been in the Mortgage Industry since 1996. She began her Real Estate career in 1994 as a Licensed Real Estate Agent and has grown up in the business so to speak. Over this time period she has personally built a customer data base of over 1500 repeat customers. She also is a property owner of over 30 properties and has a vast experience in working with investors on loans and financing.

Our office is located on the west side of Fort Worth at 6040 Camp Bowie Blvd., Suite 1, Fort Worth, TX 76116. Our business hours are Monday thru Friday 8:30 am to 5:00 pm. We will have a 24 hour access to our rates and on line application through our website.