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Mortgage rates have dropped again officially hitting the lowest levels in one year which is near historic lows. According to the Freddie Mac weekly mortgage survey, rates are as low as 3.72% for a 30 year fixed rate mortgage and as low as 3.01% for a 15 year fixed rate mortgage. If you have been considering… Read more »
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Tag: mortgage rates
How Mortgage Lenders Choose Your Mortgage Rate
Mortgage loans are detailed products and it is fair to say that one size does not fit all when it homes to home loans. The interest rate that you may qualify for on a mortgage may be different than what others qualify for based on their situation. This short video from MSNBC explains how mortgages… Read more »
Mortgage Rates Higher After Stronger Then Expected Jobs Report
The all important Jobs report just recently came out and beat Wall Street’s expectations by a large margin. There were 195,000 new jobs last month and also more positive revisions to the last two months of reports. This has caused the bond markets to react negatively which in turn has raised interest rates. Some experts… Read more »
Affect on Mortgage Rates from Bernanke Announcement
Federal Reserve chairman Ben Bernanke announced today that they may be easing the quantitative easing programs as early as this year. This program includes the purchases of mortgage backed securities (MBS) which are the packaged residential mortgages sold by banks and mortgage companies. The slowing of these purchases would take affect if the unemployment rates… Read more »
How to get a Low Rate Mortgage: April Mortgage Rates
April Showers Low Mortgage Rates Another month has passed by as we enter the month of April. For those buying a home or in the process of refinancing their mortgage you may be wondering what is in store for mortgage rates in April. While quantitative easing continues with the Fed purchasing 85 billion dollars in… Read more »
JOBS REPORT AND MORTGAGE RATES
One important financial which really helps shape the interest rate mortgage market is the jobs report. This is a report that comes out once per month and is considered by most to be the main economic report for the economy. Since 2010 the general trend in this job report has been a slow and steady… Read more »
THE FISCAL CLIFF AND MORTGAGE RATES
EXPERTS CONCERNED ON WHAT FISCAL CLIFF MEANS FOR MORTGAGR RATES We can’t get through the end of the year without more drama coming from Washington and there more financial market drama. The talk of the Fiscal Cliff has put shock waves in the markets and caused much uncertainty. Whenever there is financial uncertainty rates start… Read more »
Home Prices to Rise in 2012
Some more great news has just been released in regards to the housing market. No longer are the days of dark clouds looming overhead. We now have a clear-cut indication that things are improving (all be it slowly, but still improving). Overall home values are expected to begin rising as early as the end of… Read more »
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