Tag Archives: Mortgage Rates

Debt Ceiling increased, Mortgage Rates Drop!

Mortgage rates plummeted last week and continue to drop this week. The 30-year fixed rate, usually the most popular choice for prospective homeowners, dropped to 4.45% from 4.57% last week, which represents its lowest point since last November, according to … Continue reading

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30-year mortgages hit 2011 low

Mortgage rates have dropped this past week. The affordability to purchase a home is at an all-time high and is in some cases CHEAPER to buy a home then rent a place. If you are interested in purchasing a home … Continue reading

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Rate on 30-year fixed mortgage falls to 4.78 pct

Fixed mortgage rates dipped this week, with the rate on the 30-year loan staying under 5 percent and the 15-year loan falling below 4 percent. Freddie Mac says the average rate on the 30-year loan fell to 4.78 percent from … Continue reading

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How Can You Beat a Cash Bidder in Real Estate Market

Cash buyers are flooding the real estate market in record numbers to take advantage of bargain housing prices. But these buyers may put consumers who need financing at a disadvantage. Sellers often prefer cash deals because it can mean faster … Continue reading

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Mortgage rates break 5%

          It’s time to say hello to 5% loans. The national average interest for a 30-year, fixed-rate mortgage surpassed 5% for the first time since May 2010, according to Freddie Mac’s Primary Mortgage Market Survey. During … Continue reading

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Considering buying a home? Now is the time to buy!

Buyers who choose to wait until prices come down more are also gambling that interest rates will hold steady or drop further. The impact interest rates can have on the real monthly costs of homeownership is very significant. Do you … Continue reading

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Markets heating up, signed contracts up 3.5%

Signed contracts are up, mortgage rates are starting to rise. If you are looking to buy a home or thinking about buying a home, now is the time to buy! Article written by AP Business Staff People are starting to … Continue reading

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Mortgage rates are on the rise!

Mortgage rates are evidence that the Federal Reserve ‘quantitative easing’ plan is failing, say critics. The Fed bought $600 billion in Treasury bonds to exert downward pressure on interest rates and help spur the economy. This surge in interest rates … Continue reading

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10 U.S. cities where renting rules

Some locales where paying a landlord rather than taking on a mortgage may surprise you Article from MSNBC.com By Claire Bradley of Investopedia We’re all aware that the housing market, well, stinks right now. With an excess of supply and … Continue reading

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Mortgage rates are on the rise

Mortgage applications tumble as rates rise Rates jump because of stronger data, doubts about Fed policies Article from MSNBC.com by Associated Press Applications for mortgages to buy homes and to refinance dropped last week as mortgage rates pulled away from … Continue reading

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