mortgage rates: HOME LOAN INTEREST RATES RISING
- 03/09/11 08:21 AM
As many of you may have heard, interest rates are creeping further up. Effective March 7, the Ohio Housing Finance Agency (OHFA) www.ohiohome.org announced it would increase its interest rate for the First Time Home Buyer Program by .25%. The interest rate for a FTHB with 2.5% down payment assistance grant will change to 4.5%; without down payment assistance, and 5.0% with down payment assistance. After checking with other lenders, I find it true across the board: Interest rates are climbing and are expected to continue to climb in 2011. What this means for buyers is that they will be able to buy … (0 comments)
mortgage rates: THE CHANGING MORTGAGE ENVIRONMENT
- 06/11/10 04:57 AM
As a real estate professional, I attempt to stay up-to-date in areas that affect my business. However, with the ongoing changes in the mortgage and other industries, it's difficult to feel confident that I'm providing the most recent information. Therefore, I have invited others professionals in related fields to be guest contributors to my blog. I owe it to anyone that reads my blog to provide fresh, relevant content. The following article was written by Mike Lang, Mortgage Loan Officer at Fifth Third Bank. Mike has over 15 years experience as a mortgage loan officer. I know you'll find his content informative … (1 comments)
mortgage rates: INTEREST RATE REDUCED FOR FIRST TIME HOME BUYERS!
- 01/26/10 03:18 PM
The Ohio Housing Finance Agency, a statewide agency that provides affordable housing to low-to-moderate income first time homebuyers, just announced an interest rate reduction for new homebuyers. http://www.ohiohome.org/homebuyer/first_time.aspx. Effective January 25th, the 30 year fixed rate mortgage for its First Time Homebuyer Programs are: 5.0% for loans without their 2.5% down payment assistance grant 5.5% for loans with the 2.5% assistance grants 4.75% for the Ohio Heroes program without 2.5% assistance grant 5.25 for Ohio Heroes with 2.5% assistance grant (firefighters, police officers, health care workers, and active duty military 5.05 for Grants for Grads 2.5% assistance grant This … (3 comments)
As many of you may have heard, interest rates are creeping further up. Effective March 7, the Ohio Housing Finance Agency (OHFA) www.ohiohome.org announced it would increase its interest rate for the First Time Home Buyer Program by .25%. The interest rate for a FTHB with 2.5% down payment assistance grant will change to 4.5%; without down payment assistance, and 5.0% with down payment assistance.
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