Tag Archives: fixed rate loans

Why Aren’t Cheap Mortgages Helping The Housing Market?

Before I even read the following article, but just the headline, I could tick off some answers. * Lower mortgage rates are helping the housing market. It would be much worse without the lower rates. * With the prospects for … Continue reading

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Record Low Mortgage Interest Rates Boost Housing Industry

More people are refinancing their mortgages than was expected. This despite banks keeping their rates a little higher than necessary because the banks are short-staffed and are not prepared to deal with a deluge of refinance applications. A smaller response … 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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70% of all home-loan applications in the first half of this year were for refinancings

Most home loan apps this year are not for new home purchases. The housing market remains sluggish despite these record low interest rates. If you pay discount points upfront, you can get even lower rates. This only makes sense if … 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 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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Fixed Rate Mortgage Interest Rates Increase

We’re still near record lows for mortgage interest rates, but the heading is up. Fed chairman Ben Bernanke said the Fed is going to hold steady. There will be no third round of monetary stimulus. So the US dollar is … Continue reading

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ARMs Looking Better Than Ever

Fixed rate 30-year mortgage loans are increasingly hard to get. With the federal government reducing its role in subsidizing home mortgages, they should be even more difficult to get in the future. ARMs are more popular and more available these … Continue reading

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Mortgage Rates Tick Up

Two weeks ago, mortgage rates were at their lowest point in 2011. Now they’re heading up along with demand for mortgage applications and refinancings. This uptick is very tiny and could reverse at any time. NASDAQ says: Mortgage interest rates … Continue reading

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Refinancing Your Mortgage Loan To A Shorter Term

Shorter-term mortgages are increasingly popular. Now people are even refinancing into a shorter-term mortgage. Such mortgages come with lower rates than the traditional 30-year mortgage. From LATimes.com: Freddie Mac chief economist Frank Nothaft calls the shift to shorter terms “a … Continue reading

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