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loan rate: Mortgage Rates Spike Quarter Percent - 12/02/10 03:30 PM
 
30 year fixed mortgage rates have risen a quarter point this week to 4.25% on plummeting mortgage-backed securities prices. MBS prices drive mortgage rates in the opposite direction. Conventional 15 year fixed interest rates are also up a quarter of a percent and are at 3.75% currently for well-qualified borrowers who pay a standard .07 to 1 point origination. Both fixed mortgage rates are up substantially from last week and at an immediate risk to rise further.
FHA loan rates move with conforming mortgage rates and are also up this week. Today's 30 year fixed FHA loan rate is at … (0 comments)

loan rate: Higher Conforming Loan Limits for Another Year - 11/12/10 02:05 PM
In what's at least a year-long reprieve from some higher housing costs, President Obama recently signed legislation that comes with a provision to extend the current high-cost-area conforming loan limit through 2011.
The provision means homebuyers and homeowners in expensive housing markets will continue to get a break on interest rates when they buy or refinance.
Conforming loans come with cheaper rates than non-conforming or so called "jumbo" mortgages, because they are backed by the government.
On October 26, Erate.com reported the average rate for 30-year, non-conformingjumbo loans came in at an average 5.14 percent. Meanwhile, conforming loan rates averaged 4.45 … (0 comments)

 

Miro Fitkova

Boston, MA

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Fitkova Realty Group

Address: 1318 Beacon St., Suite 16, Brookline, MA, 02446

Office Phone: (617) 232-3220 x 101

Cell Phone: (617) 921-9952

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