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mortgage rates: 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)

mortgage rates: Mortgage Rates Settling Above All Time Lows - 11/30/10 02:15 PM
30 year fixed mortgage rates are settling at levels significantly higher than all time lows set just weeks ago. Conforming 30 year fixed mortgage rates today are at 4.25% for well-qualified borrowers who pay a standard origination fee (points) of .07 to 1%. Current 15 year fixed mortgage rates today are at 3.75%.
FHA mortgage rates, which are driven by the same mortgage-backed securities prices as conforming fixed mortgage rates, are also up about a quarter percent higher than they were two weeks ago and are nearly identical to conforming mortgage rates today. Today's California 30 year fixed FHA loan rate is 4.125%. … (1 comments)

mortgage rates: Mortgage Rates Rise For the First Time in Eight Weeks - 11/22/10 03:21 PM
McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage (FRM) and the 15-year (FRM) rose dramatically this week, as did the 5-year ARM.  The 1-year ARM remained unchanged from the previous week.
30-year fixed-rate mortgage (FRM) averaged 4.39 percent with an average 0.9 point for the week ending November 18, 2010, up from last week when it averaged 4.17 percent.  Last year at this time, the 30-year FRM averaged 4.83 percent. 
15-year FRM this week averaged 3.76 percent with an average 0.7 point, up from last … (1 comments)

mortgage rates: Mortgage Rates Spike Quarter Percent - 11/19/10 12:15 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 … (2 comments)

mortgage rates: How Mortgage Rates Compare - 11/18/10 01:14 PM
You've heard it all across the media. Interest rates are at historic lows. If you are new to the mortgage process, these figures and statements give you little frame of reference.
Let's take a moment to look at where interest rates have been over the last few decades, and what today's rates really mean for homebuyers.
Interest rates are affected by a gamut of factors.
According to the Federal Reserve Bank of New York, "Lower interest rates make it easier for people to borrow in order to buy cars and homes. Purchases of homes, in turn, increase the demand for other … (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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