One of the most misunderstood issues in obtaining a mortgage is why interest rates vary from one person to another or from one lender to another. I am often asked, "Why did my neighbor get a better … [Read more...]
3 Tips to Securing a Better Mortgage Rate
The best way to ensure you get a reasonable rate on your mortgage is to become an informed buyer. The more you know about mortgages, the more you’ll be able to save, and that doesn’t just mean knowing … [Read more...]
Homes Are “Cheap” With Mortgage Rates Historically Low
Home sales have been rising in recent months, and a big reason for the increase is low mortgage rates. All regions around the country have seen a rise in the number of sales, according to … [Read more...]
Millions of U.S. Homeowners are “In The Money” to Refinance as Interest Rates Approach 2 Year Lows
With mortgage rates approaching a two-year low, many Americans are "in the money" to refinance and save thousands of dollars. 1% Lower Interest Rate Saves Thousands It's amazing the amount of money … [Read more...]
Return of First-Time Homebuyers, and the Affect of Falling Mortgage Rates
2015 has been predicted to be the year of first-time homebuyers. Thus far, as we are just a few weeks into 2015, falling mortgage rates are helping to create an environment for first-time homebuyers … [Read more...]
Average Mortgage Rates Fell and FHA Lowers Mortgage Insurance Premiums
Average Mortgage Rates Fell Freddie Mac reported that average mortgage rates fell across the board. The rate for a 30-year fixed rate mortgage was 3.73 percent; the average rate for a 15-year fixed … [Read more...]
Mortgage Rates Fell, Housing Index and Housing Starts Lower
Mortgage Rates Fell Last week, Mortgage rates fell according to Freddie Mac. The average rate for a 30-year fixed rate mortgage was 3.80 percent as compared to the prior week's reading of 3.93 … [Read more...]
Mortgage Rates Rise and Analysts Offer Housing Predictions for 2015
Mortgage Rates Rise, Job Openings Increase, Retail Sales Up Freddie Mac reported that the average rate for a 30-year fixed rate mortgage was 3.93 percent, a gain of four basis points over the … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 8, 2014
Last week's economic reports related to housing and mortgages were few, but construction spending, the Fed's Beige Book report, non-farm payrolls and the national unemployment report indicated trends … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 1, 2014
Last week's scheduled economic events were packed into Tuesday and Wednesday, but several housing-related reports were released including the Case-Shiller National and 10-and 20-City Home Price … [Read more...]
