Tag Archives: 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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Those Low Mortgage Interest Rates Look So Good!

Tempting! Nice if you can get them. Are they a fake? No, they’re real, but they only for the top tier, those with sterling credit and solid proof of income. Lenders are keeping mortgage interest rates higher than would be … 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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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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Do Lenders Have The Proper Incentives To Modify Loans?

I don’t understand why lenders would want to modify mortgage loans. For starters, most lenders do not own their mortgage loans. They’ve already sold them. The loans have been packaged as MBS (mortgage-backed securities) aka bonds and sold off on … Continue reading

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Mortgage Lending Drops Sharply In Distressed Neighborhoods

The WSJ says: Banks understandably do not want to invest in neighborhoods that are going to pot. If homes all around are going into foreclosure, the neighborhood is blighted and banks are not interested in writing new mortgage loans there. … 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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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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