Tag Archives: 30 year fixed rate mortgages

Dow Jones Near Record Highs, Mortgage Rates Stay At Record Lows

A lack of demand for new mortgages is keeping rates around record lows, under 4% on 30-year fixed rate mortgages for folks with great credit scores. There’s yet to be an uptick in home sales as a result of these … Continue reading

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Mortgage Interest Rates Keep Falling

They’re now below 4% for 30 year fixed rate mortgages for people with great credit. Many people will pay points to get such a mortgage so they can tell their friends that they pay less than 4%. Banks are still … Continue reading

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30-Year Fixed Rate Mortgages Hit Record Lows

Amidst worldwide economic turmoil, investors are fleeing to the safety of U.S. Treasury bonds, thus driving up the prices of these bonds and cutting their yields. Swiss bonds now have negative yields. Experts expect mortgage interest rates to drop further … Continue reading

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Mortgage Interest Rates Fall

Mortgage interest rates rose dramatically last week but have fallen about the same amount this week. Despite the lower mortgage interest rates, consumers are not making much of a demand for new mortgages. With low economic growth and high unemployment, … Continue reading

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Mortgage Rates Are Higher Than Last Year At This Time

After more than a trillion dollars worth of purchases of mortgage-backed securities by the Federal Reserve, fixed-rate mortgage interest rates are now higher than they were a year ago. I wonder how today’s unemployment numbers will effect interest rates? The … Continue reading

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The Cross-Winds In The Housing Market

Bloomberg has a great article on how the government is working at cross-purposes with the housing market. On the one hand, Fed purchases of mortgage-backed securities drove mortgage interest rates down to 4.17 on 30-year fixed rate mortgages early this … Continue reading

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The Benefit Of A Biweekly Mortgage

If you make your payments twice a month instead of once a month, all things being equal, you’ll pay off your mortgage in significantly less than half the time. Conventional 30-year fixed rate mortgages are increasingly hard to get. In … Continue reading

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Mortgage Rates Remain Steady In June

As Wall Street and oil prices gyrate, mortgage interest rates have stayed steady in June. The demand for mortgages is weak. The demand for housing is weak. I see no prospect for a significant uptick in mortgage interest rates this … Continue reading

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Are U.S. Mortgages Doomed Without Government Backing?

I don’t think so, so long as the federal government does not try to unilaterally redraw contracts so that lenders have to write off mortgage principal on the homes of millions of Americans who are underwater on their mortgages. It … Continue reading

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Mortgage Applications Tick Up Slightly

The housing market is trying to deal with the gradual removal of government subsidies. Last year at this time, there was a big fat tax subsidy to encourage home buying. Dow Jones reports: Rates on 30-year fixed-rate mortgages averaged 4.69%, … Continue reading

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