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Loan-America Will Provide Free Disaster Relief Services to Homeowners


November 2, 2012  | News

In the wake of last week’s monstrous storm, Sandy, that demolished parts of the East Coast, Freddie Mac announced that homeowners with Freddie Mac mortgages whose homes were damaged or destroyed by the massive storm can seek disaster relief assistance from the company. 

Our staff at Loan-America were deeply concerned about the scale of damage inflicted on every-day consumers and believe Freddie Mac’s announcement is a source of pride for our industry. As a company deeply invested in the well being of its customers Loan-America would also to like extend its advisory services to anyone in need. Please call 1-888-LOAN-800 to so we can walk you through what options are available to you in the wake of the storm or to learn how you can protect yourself and your mortgage against future natural disasters. 

To take advantage of our other advisory services, such as guidance about the right products for home buyers in the California region, please call 1-888-LOAN-800 to arrange a consultation. You may also visit us at 

Loan-America: We’re a trustworthy Californian mortgage company helping ever day consumers refinance their mortgages and make smarter real estate decisions. 

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US Mortgage Rates at All Time Low – Great News for Consumers

September 14, 2012  | Insights

In today’s US real estate market, mortgage rates are hovering near record lows, some claiming these to be the lowest in nearly a century, which bode well for prospective new buyers or re-mortgaging consumers.[1] 

The mortgage rates for the week ending Sept.13, 2012 include the following:

-  30-year FRM averaged 3.55 percent this week, unchanged from last week. Last year at this time, the 30-year FRM average was 4.09 percent.[2]

-  15-year FRM this week averaged 2.85 percent, down slightly from last week's average of 2.86 percent. One year ago, the 15-year FRM averaged 3.30 percent. [3]

Mortgage Rates 30 year

Factors contributing to keeping US Treasury bond yields low and, in turn, interest rates at unprecedentedly low levels include turmoil in world economy, investor concern with the European debt and bond markets, and a shaky economic recovery back in the US.

In addition, just yesterday, the Fed announced a new policy – “quantitative easing” – meant to stimulate the economy through a round of bond purchases targeting the mortgage market. This entails the central bank purchasing $85 billion in bonds per month through the rest of the year, and then $40 billion per month indefinitely until the economy requires less support.[4] The policy is intended to continue driving interests rates even lower to help support lending, borrowing and spending.[5] The Fed also supported their policy with strong language claiming they would extend plans to maintain interest rates at ultra-low levels through into mid 2015, and continue supporting the economy “for a considerable time after the economic recovery strengthens.”[6]

What does this mean for consumers and prospective buyers? Well, consumers should look to take advantage of the low rates by getting into the market or re-mortgaging their current deal to lock in at a lower fixed rate as soon as possible.

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