interest rates: Mortgage Rates - Up or Down? - 06/27/09 11:47 AM
The Mortgage Interest Rates are still VERY low. When I think back to buying my first home in 1996; I had an 8.75% interest rate. Everyone congratulated me for such a great rate.
Now rates are hovering in the low 5%'s. Pretty damn good if you ask me!
Everyday the rates change … (3 comments)
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interest rates: Interest Rates - Near Record Lows - 01/09/09 09:47 PM
A few weeks ago I was so proud of myself for doing a Refinance on my Primary home. I wasn't sure the rates would stay where they were (that was at 5.5%). Now the rates are even lower!
This may be a sign of a bad Real Estate market; but only … (0 comments)
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interest rates: Interest Rates - What are they doing ? - 12/28/08 08:58 PM
With the recent news of lower Interest Rates; I am gettng calls every couple of days with folks asking; "What have they done today?"
While every bank differs slightly; the averages are below. Source: BankRate.com
30 Year Fixed 5.36% Up from 5.27% Last week
15 Year Fixed 5.23% Same as Last … (1 comments)
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interest rates: FED keeps the rate the same... What does that mean for Buyers? - 06/26/08 07:52 PM
The FED (Federal Reserve Bank), has taken a break from its aggressive rate-cutting policy. After cutting the rate 7 times since last fall; they chose not to change the FED funds rate, leaving it at 2.00%. Everyone is wondering where interest rates are headed next.
The FED has indicated an increased concern over inflation. This means the Fed could … (2 comments)
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interest rates: Fed cuts Interest Rate : But does it help Mortgage Interest rates? - 01/22/08 12:23 PM
The Fed cut the FED fundsrate by a huge .75% this morning. News reports say that the "Federal Reserve Chairman Ben Bernanke approved the large rate cut after an emergency video conference on Monday night, a day when global markets had been pounded by rising concerns that weakness in the world's largest economy was spreading … (3 comments)
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interest rates: The Rates are dropping the Rates are dropping! - 01/04/08 10:29 AM
Better to have Falling Mortgage Interest Rates than the sky - that's for sure!
I was just speaking with one of MY Preferred Lenders at Country Wide and she told me rates on many products have dropped again this morning.
Currently she was quoting 5.75% on a 30-Yr Fixed with No Points!
For those of … (5 comments)
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interest rates: Should I refinance now? - 12/20/07 08:26 PM
Should I refinance now? Is a question that many Home Owners are asking themselves. Especially those with ARM's that will reset and head UP in the coming months.
Currently Mortgage rates have climbed for the past 2 weeks. This week the 30-year fixed averaged 6.14% an increase from last week when it was 6.11% average. This … (1 comments)
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interest rates: Mortgage Interest Rates in 2007 - 12/16/07 09:56 PM
Mortgage Interest Rates in 2007 - went UP; DOWN; and every where in-between. What will happen next year in 2008 is anyones guess.
The Fed recently cut their Fed Funds rate by .25%. While this does not directly impact the Mortgage Interest Rate; it does tend to have a ripple effect on the economy. … (1 comments)
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interest rates: Fed cuts Interest Rate (again!) - 11/01/07 09:22 AM
The Fed has announced another decrease this fall, cutting another 1/4% from the Fed Funds Rate to 4.5%. This change could directly impact a great many borrowers.Are you one of them?
Well contrary to popular belief: The Fed Funds Rates does not DIRECTLY AFFECT mortgage Interest rates. Some folks say they they do not … (0 comments)
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interest rates: Does a Lower Fed Rate Mean Opportunities are on the Rise? - 09/19/07 06:41 AM
For the first time in over 4 years, the Fed has cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications, there's still some debate among experts about what this means to the economy as a whole.
A change in the FED Funds Rate DOES … (6 comments)
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interest rates: How much does that Interest Rate drop save me? - 09/18/07 11:04 PM
I remember last spring when I had a buyer that had waited just over a year to buy his home. He had been pre-approved and ready to go; but then stories of the "BUBBLE" scared him away.
He felt that the market outlook in Northern Virginia looked better; so he was ready to buy. What … (5 comments)
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interest rates: Will Interest Rates Drop? Now may be the time to buy! - 09/15/07 10:11 PM
There has been much talk lately that the FED's cut next week will be from 1/2 to as much as 1 percent. While the FED'd rate does not equate to mortgage rates; it does sometime help boost mortgage back securities which may in fact help Interest rates.
This could mean a slight drop in mortgage interest … (3 comments)
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interest rates: What is a JUMBO Loan? - 09/08/07 03:35 PM
Many folks ask me - What is a Jumbo Loan? For many 300,000 seems like a JUMBO loan - but it's not (just a whole lot of money!).
A Jumbo Loan is : A mortgage for an amount that exceeds conventional conforming loan limits. These determine which loans can be bought by Fannie … (1 comments)
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interest rates: Interest Rates Update... - 09/08/07 03:25 PM
When talking about Interest Rates; BAD News is GOOD News.
HUH? Basically when the economy gets bad news - Interest Rates tend to decline. When the economy get good news - rates generally climb.
This week the August job report came out and showed a 4,000 job loss. The Dow Jones dropped 250 … (1 comments)
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