Tag Archives: 30 year fixed mortgage

Mortgage Rates Hit Record Lows

I’ve been writing such headlines for about four years. It always seems like they can’t drift any lower, but with all the bad economic news piling up, the demand for U.S. Treasury bonds builds, the bond yields decline, and with … 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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What Housing Recovery?

I’m watching CNBC right now. A financial analyst said we are at least three years away from an appreciation in housing prices and a demand for new housing that causes new construction and a boost in construction jobs. Mortgage interest … Continue reading

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As Interest Rates Rise, Mortgage Applications Fall

This is an iron rule of economics. All things being equal, as the price rises, demand falls. Mortgage interest rates have nowhere to go but up and that is where they are headed. Miriam Reiner reports: “Stronger economic data towards … Continue reading

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Mortgage Interest Rates Dip

Mortgage rates keep going lower. What drives mortgage interest rates? Bond yields. When there’s a demand for bonds, yields fall. When there’s reduced demand, yields must rise to attract money. In our turbulent world, particularly with Greece verging on a … Continue reading

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What Is The Future Of Mortgage Financing?

I see no alternative to the view that mortgages in the future will be more expensive and more difficult to get. With the Obama administration and the Democrats working hard to force bank to write down mortgage principal for tens … Continue reading

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Mortgage Rates Hit Five-Month Low

This won’t make much difference for most people who want to buy a home unless they have stellar credit, secure income and at least a 20% down payment. The AP says: RATES HIT YEARLY LOWS: Freddie Mac said the average … Continue reading

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Freddie Mac Says Mortgage Rates In 2010 Were Lowest Since 1955

Mortgage rates have been rising for the past six weeks, but they are lower than they were a year ago. Fat good these low rates did the housing market! Modest increases in rates recently have slowed the refinance market, reduced … Continue reading

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Mortgage Rates Approach 5%

Quote: “A “true” -0- point, -0- lender fee refinance rate is in the mid 5’s which is wholly unappealing to consumers. Benchmark FHA 30 fixed loans are in the 4.75% rate range, also for 1.0 point origination.” I thought the … Continue reading

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Fed’s Bond Purchases

I thought they were designed to reduce interest rates? Instead rates have jumped about .5% over the past month. They were at 4.17% on a 30 year fixed rate mortgage, close to a historical low. Now they are at 4.6%. … Continue reading

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