Texas mortgage rates on fixed and adjustable loans are on an upward trend. The industry is being affected by the downturn in the subprime market. However, the Fed may raise interest rates to curb inflation.

Long term and short term California mortgage rates are currently on a downward trend. The California mortgage market is dominated by 30 year, 40 year and 50 year fixed rate loans and alternative products like Option ARMs and interest-only loans.

Florida mortgage current trends reflect the nationwide fall in fixed rate mortgages and 1 year ARMs. The subprime market is in trouble whereas the housing market has tried to remain steady with inflation.

As per the ammendment made on July 7, 1988 in the provisions of New York mortgage law, non-judicial foreclosure has become the alternative of judicial foreclosure.

In florida mortgage law, in case of a joint mortgage in florida, any one of the joint owners in case of default can accelerate one's share of principal and interest accrued on the mortgage.