Tag Archives: year fixed mortgage

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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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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Mortgage Rates Move Lower

For most of the last five months, mortgage interest rates have edged up nearly a full percentage points from record lows. Now rates are dropping again. Report: Today‚Äôs 15 year fixed mortgage rates are at 4.000% which is a decrease … 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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Refinance Mortgage Now!

Interest rates have been heading up for a month from record lows. As a result, refinance applications are down. Mortgage applications are down. Sales are down. Home prices are down. Should you wait for rates to go lower? Kenneth R. … Continue reading

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Mortgage Rates Edge Above 5%

This rise does not surprise me. What surprises me is that interest rates remain so low with the U.S. dollar so weak, and U.S. deficits so high. The LAT says: The Primary Mortgage Market Survey from the government-controlled mortgage company … Continue reading

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Mortgages Applications Hit Low

From Bloomberg: The number of applications for both fixed- and adjustable- rate mortgages fell. The share of applicants seeking to refinance loans fell to 42.6 percent from 46.4 percent the prior week. Today’s report also showed the average rate on … Continue reading

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Mortgage Applications Rise 5.1%

CHICAGO (MarketWatch) — Mortgage applications filed last week increased a seasonally adjusted 5.1% compared with the week before, reflecting an increase in refinancing activity, the Mortgage Bankers Association reported on Wednesday. But while lower interest rates charged on mortgages initially … Continue reading

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