Last week's housing-related economic news was slim, likely due to the Labor Day holiday on Monday. On Tuesday, the U.S. Commerce Department reported that construction spending for July increased by … [Read more...]
What’s Ahead For Mortgage Rates This Week – Aug 25, 2014
Mortgage Rates Fall, FOMC Minutes Indicate Economic Improvement Freddie Mac's weekly survey of mortgage rates reported that average rates fell across the board: The average rate for a 30-year fixed … [Read more...]
1% Lower Mortgage Rate Could Save Enough to Pay Cash for a New Car
Which would you rather do - pay more for your mortgage or buy a new car? It's amazing what you can save by lowering your mortgage rate by just 1%. The savings pile up so much, you could pay cash … [Read more...]
Mortgage Rates Decline While the Home Sales Outlook is at 1-Year Highs
What could be better for homebuyers and sellers than low mortgage rates in a strengthening housing market? That's the scenario we could experience over the next several months. Low Mortgage … [Read more...]
Mortgage Rates Decline to 2014 Lows
Mortgage rates for the 30-year fixed-rate mortgage are at 2014 lows, averaging 4.12 percent for the week of August 14, 2014, Freddie Mac reports. News Facts 30-year fixed-rate mortgage (FRM) … [Read more...]
Motley Fool: Low Mortgage Rates Make 2014 a Great Year to Buy a Home
The Motley Fool offers great research as to why 2014 is a great year to buy a home, based on the fact that mortgage rates are low. A chart in The Morley Fool article emphasizes the point that the … [Read more...]
May Home Prices Rise, While Mortgage Rates Remain Steady
May home prices rose in all 20 cities tracked by the S&P Case-Shiller 20 City Home Price Index. This was the second consecutive month in which all cities posted gains. On average, national home … [Read more...]
What’s Ahead For Mortgage Rates This Week?
This week's scheduled economic reporting is lean with no events set for Monday. Job Openings, the minutes from the most recent FOMC meeting, along with regularly scheduled weekly reports on mortgage … [Read more...]
Mortgage Rates Trending Upward
Mortgage rates climbed slightly as we entered into July, and are expected to continue to trend upward for the next several months. "Mortgage rates finally made a move higher today as financial markets … [Read more...]
How to Get the Best Mortgage Rate
Everyone wants the lowest possible mortgage rate to save money. But, what can you do to get the best rate? Use a Mortgage Broker A mortgage broker acts as an intermediary between you and the lending … [Read more...]
