Tag Archives: 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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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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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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Mortgage Applications Rise

Just as interest rates are heading higher, mortgage applications are up a tad. Overall, the outlook for American home prices is bleak, with a 5% fall forecast for the rest of 2011. The WSJ says: The volume of mortgage applications … Continue reading

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The Case For The ARM

Thirty year fixed rate mortgages are increasingly difficult to get and frankly they don’t always make sense. ARMs are often a better deal for certain people. Al Heavens writes: Fixed mortgage rates remain below 5 percent, and these days fewer … Continue reading

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Getting The Government Out Of Mortgage Home Lending

I’d like to see a system where lenders can lend money out as they see fit. They should be able to pursue profit, not delusions about “social justice”. The transition to a free-market of mortgage lending will have some bumps. … Continue reading

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Will Rising Gas Prices Hurt The Housing Market?

I was watching CNBC this morning. They speculated that rising gas prices will reduce the foot traffic as new couples seek their new homes in the Spring. Just what we needed! More bad news. Higher gas prices will mean less … Continue reading

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Mortgage Applications Boom

After three months of rising rates, mortgage interest rates have started falling for the past month. As a direct result, mortgage applications have risen 13%. Dow Jones says: Refinance activity jumped 18 percent, according to the MBA’s weekly survey, which … Continue reading

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