Timing the market to land a mortgage with the lowest rate possible is like trying to hit a moving target. It’s not impossible, but it takes patience and a keen eye, particularly in today’s volatile market.
US Treasury statistics for the government’s programme to modify delinquent mortgages show that JPMorgan Chase and Citigroup are renegotiating mortgages at a higher rate than Bank of America or Wells Fargo.
Effective July 30, 2009, consumers have another level of protection in choosing their mortgage plan. The Mortgage Disclosure Improvement Act is now in force. http://www.tehachapinews.com/home/ViewPost/107980