Tag Archives: 30 year fixed rate mortgage

Mortgage Interest Rates Are Expected To Stay Low For At Least A Year

That’s good news for me because I am carrying $45,000 in credit card debt. If those interest rates went up, I’d be sunk. I can barely get by as things stand. Home prices are expected to stay steady or to … Continue reading

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Record Low Mortgage Interest Rates Tantalizingly Out Of Reach For Millions

About 12 million homeowners are underwater on their mortgages and will not be able to refinance. Credit standards are higher than ever. Home prices keep falling. Report: The average rate of a 30-year fixed-rate mortgage fell to 3.94 percent, Freddie … Continue reading

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The Best Mortgage For Your Lifestyle

Mortgages can be confusing. What works for one won’t necessarily work for another. Different lifestyles require different mortgages. The 30-year fixed rate mortgage is the traditional choice but over the past 20 years, there has been an explosion of choices … Continue reading

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Economists Don’t Expect Mortgage Interest Rates To Decline Further

Notice how over the past four years, economists have kept saying that they don’t expect mortgage interest rates to decline further. And then the mortgage interest rate keeps going down. Economists are now saying that our record lows are not … Continue reading

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How To Choose Between A 15-Year And 30-Year Mortgage

If you choose a 15-year mortgage, you will pay dramatically less interest. That’s why such mortgages are more popular than ever. If the federal government keeps backing away from the mortgage market, we will likely see the end of the … Continue reading

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Taking Advantage Of Record Low Interest Rates

This looks to be the best time in decades to buy a home with fixed rate mortgages at record lows. If you have mediocre credit, however, you won’t be able to get a mortgage. And if your home is worth … Continue reading

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Mini Boom In Refinancing

Mortgage rates have dropped for six weeks in a row as the bad economic news keeps piling up. Many homeowners are now changing their mortgages to 15-year numbers. I think we’re seeing the end of the 30-year fixed rate mortgage. … Continue reading

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Mortgage Rates Stay Close To All Time Lows

With Wall Street plunging to its worst month in years in August, and the economic outlook uncertain at best, scared investors are plowing their funds into U.S. Treasury bonds, driving up prices and reducing yields. This in turns keeps mortgage … Continue reading

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Mortgage Interest Rates Go Up A Bit

Mortgage interest rates remain near record lows. Ben Bernanke and the Federal Reserve are expected to push down mortgage interest rates. Bernanke has a big speech on Friday. Mortgage applications are at their lowest point since 1996. You would think … Continue reading

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Mortgage Interest Rates Hit New Lows

The Dow Jones dropped 420 points today. Investors are pulling their money out of the stock market and into U.S. Treasury bonds. As a result, interest rates are plunging. There’s not much demand for capital to invest as America’s economy … Continue reading

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