Mortgage Loan

If you ask a loan provider for a quotation, they may check your personal credit file.

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Home Loan Rates

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Mortgage Statistics

At the end of the 3rd quarter 2006 the total U.S. outstanding mortgage debt was $10.7 trillion.

In 2007, single family home loan originations are expected to total $2.33 trillion.

In 2005, adjustable rate mortgages (ARMs) accounted for 31% of originated loans for 1-4 family units, and refinance loans accounted for 48.9% of loans originated for 1-4 family units.

An estimated $1 trillion adjustable rate mortgage debt will reset in 2007.

Those who do not refinance could see their payments increase by 25%..

Nationwide, the share of mortgages that were interest-only shot up from 1.5% in 2001 to 6% in 2002, 13% in 2003, to 31% in 2004.

The majority of consumers (53 percent) conduct their research for mortgage loans online. Twenty-seven percent indicated that they applied for their mortgage online.

77 percent of mortgage companies surveyed agreed Internet consumer is more price-sensitive than any other group of mortgage consumers. Thus, it appears most of the savings obtained by using the Internet will be passed on to consumers.

Mortgage brokers originate an estimated half of all residential mortgages, and roughly 70% of subprime loans.

The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 4.67 percent of all loans outstanding in the third quarter of 2006 on a seasonally adjusted (SA) basis, up 23 basis points from one year ago.

Households cashed out $715 billion worth of equity from homes between 2001 and 2005.