How Long After Foreclosure Can I Purchase A Home ?

Foreclosure means that the mortgage company has seized your home and out it on the market for sale because you have defaulted the payments. Any kind of foreclosure has detrimental and severe effects on your credit report for a long period of time. It can carry on for eight to eleven years, and the effects of foreclosure keep reappearing on the credit report for pretty long. Also, as long as the credit report keeps reflecting the foreclosure procedure, it becomes increasingly difficult for you to procure loans.

Relationship Between Treasury Notes And Mortgage Rates

Treasury notes play a major role in the determination of the rate of the interest on mortgages. There is a direct relationship between them. If the Treasury yields are higher, then the mortgage rates will also be higher. If an investor wants a higher rate of return, then they will look for Treasury notes that are higher.