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interest rates: Snag a Mortgage Before Rates Rise! - 03/18/10 05:58 PM
To help keep interest rates low, the Federal Reserve has been purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac since early last year. This week, the Fed has stated that they will no longer be purchasing these loans. This was a planned move by the Fed, that has brought up fears that interest rates may rise 1-1.5% by the end of this year. One person told me, "Sorry for the sarcasm, but I've heard that one before."
True, I have heard many people "in the know" stating that rates were going up, up, up only to see a minor increase … (0 comments)
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interest rates: VA Loans Are Getting Even Better! - 03/03/09 01:47 PM
When it comes to great loan ooprtunites, VA definitely seems to be the way to go for anyone who qualifies. Well, just when I thought it couldn't get any better, it did! VA loan limits have now increased to $625,500 effective now!
Here are just a few reasons why buyers choose to go VA:
Generous loan limits (now $625,500) Zero-down loan options No private mortgage insurance payments (a BIG savings!) Fixed and Adjustable rate programs availalbe Flexible income, employment and savings requirements And just in case you are curious about monthly payments, here are a few purchase scenarios to whet your … (0 comments)
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interest rates: Mortgage Update September 22, 2008 - 09/22/08 06:00 PM
These are times that we are going to look back at and say, "Wow!" Keep in mind though, that now is just a moment in time. Things change, markets progress, some people do well, others lose out.
We saw another signiifcant drop in the 30-year fixed rate- down to 5.78% from last week's low of 5.93%. The 15-year rate also dropped from 5.54% to 5.35%. Check out current interest rate info here.
Bankruptcies, government bailout plans and the sale of Merrill Lynch sent shockwaves throughout the stockmarket last week, causing sgnificant drops and gains. All of this also … (0 comments)
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interest rates: 30-Year Rates Now Under 6%! - 09/15/08 08:38 PM
30-Year Rate Drops under 6%!
As a relief to many home buyers, the average 30-year fixed rate fell from 6.35% to 5.93%. The 15-year rate fell almost half a percent as well anf the 5- year ARM rose slightly.
Ed Kashmareck, economist for Wells Fargo & Company had this to say:
"In the most recent survey period, long-term mortgage rates plunged after the government took over Fannie Mae and Freddie Mac. Generally speaking, mortgage rates track 10-year Treasury yields quite losely. However, while 10-year Treasury yields were little changed over the past week, the government's takeover of Fannie Mae and … (0 comments)
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Peter Carlseen
Chula Vista,
CA
More about me…
RE/MAX Praecelsus
Address: 891 Kuhn Dr #204, Chula Vista, CA, 91914
Office Phone: (619) 216-1505
Cell Phone: (619) 370-6555
Email Me
News, tips and advice for homeowners and buyers in the Chula Vista and Bonita neighborhoods of San Diego County
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