Mortgage Rates Through the Years
Here’s an overview of mortgage rates in the past four decades, as well as the approximate payment on a $200,000 mortgage and how it changes with the rise and fall of rates, according to Freddie Mac.

1970s
Average 30-year fixed-rate mortgage: 8.86%
Approximate payment on a $200,000 mortgage: $1,589
1980s
Average 30-year fixed-rate mortgage: 12.70%
Approximate payment on a $200,000 mortgage: $2,166
1990s
Average 30-year fixed-rate mortgage: 8.12%
Approximate payment on a $200,000 mortgage: $1,484
2000s
Average 30-year fixed-rate mortgage: 6.29%
Approximate payment on a $200,000 mortgage: $1,237
2014
Average 30-year fixed-rate mortgage: 4.36%
Approximate payment on a $200,000 mortgage: $997

Here is some help with HAFA Basic Eligibility
Loans in Foreclosure
Program Exiration Date
Without Offer - HAFA Short Sale Agreement (SSA)
With Offer - Submitted Using an Alternative Request for Approval of Short Sale (ARASS)
Imminent Default (Past due less than 60 days)
Establishing Property Value
Disputed Valuations
Payments During Marking Period
Relocation Assistance - Up to $3,000
Second Lien Release Incentive - Up to $8,500
Deed in Lieu
Average Timelines - Without an Offer
Average Timelines - With an Offer



 




   



     
Home Affordable Foreclosure Alternatives (HAFA) Short Sale       Update
     
HAFA Supplemental Directive 12-02, effective June 1, 2012, impacts short sales with loans from non-government-sponsored enterprises in which the homeowner is eligible for the HAFA program.
     
Key enhancements include:
     
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Save Time and Be Prepared to Make your Offer when the Time is Right!
 
 
6 THINGS YOU MUST KNOW BEFORE OBTAINING A MORTGAGE

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the
way you approach mortgage shopping, and even small differences in the structure of your mortgage, can cost or save you literally
thousands of dollars and years of expense.
Whether you are about to buy your first home, or are planning to make a move to your next home, it is critical that you inform
yourself about the factors involved.
Industry research has revealed that there are 6 common mistakes that most homebuyers make in mortgage shopping that can have a
significant impact on the outcome of this critical negotiation. If handled correctly, these issues could result in a mortgage
that will cost you less over a shorter period of time.
Before you commit your hard earned dollars to monthly mortgage p2 ...

Short Sale Relocation Assistance Program:
Your clients could receive $5,000 to $30,000 in relocation assistance 
Your financially distressed clients want to avoid foreclosure. You want to help them. So do we!
That's why Bank of America is excited to offer enhanced relocation assistance. Qualified homeowners who initiate a Preapproved Price Short Sale (without an offer) could be eligible to receive $5,000 - $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the investor involved. 
Don't miss this limited-time offer to get your distressed clients the help they need by initiating a Preapproved Price Short Sale today at agent.equator.com. 
Determining your clients' eligibility is easy:
Once you initiate the short sale at agent.equator.com, we will quickly evaluate the homeowner to determine if they qualify for the enhanced relocation assistance.
The homeowner must participate in one of the Preap. ...