interest rates: Interest Rates Are Coming Back Down - 07/20/09 04:56 PM
Mortgage rates fell to the lowest level since May as home-loan refinances surged. Rates had reached record lows of 4.5% for a 30yr fixed rate loan in April until the end of May where they spiked over 1½% in two days time.
Since then they've slowly edged back down - Today the average … (5 comments)
interest rates: Rates will HAVE to go up!! - 02/24/09 04:05 PM
Based on all economic indicators interest rates will HAVE to start moving upward in the relatively near future.
In the recent months/years there have been several factors that have kept interest rates low: Starting on 2001 after the Sept 11 slowdown the Fed started cutting interest rates which brought down mortgage … (3 comments)
interest rates: I just quoted 4.25%!! - 01/14/09 10:45 AM
Rates right now are the best I've ever seen them, including the drop in the last couple weeks.
I just quoted a borrower 4.25% for a 30yr fixed loan - They were paying 1.5 points to get this rate, but that is still the best it's been in decades!!
I know … (5 comments)
interest rates: Will the Fed make another cut?? - 12/11/08 01:28 PM
The Fed meets next week and is expected to make another rate cut. The Fed’s job is to promote “maximum employment, stable prices, and moderate long-term interest rates”....quite a task in these times.
This will help lower interest rates on loans tied to prime like home equity lines of credit, many … (0 comments)
interest rates: Rates may get to 4.5%!! - 12/05/08 03:07 PM
The Federal Reserve is continuing to look for ways to get the housing market back on it's feet & with the target rate already very low, Fed officials are mulling new ways to get the economy going.
One discussion is to reduce mortgage rates. Because they have a stake … (6 comments)
interest rates: Interest Rates! - 12/01/08 05:51 PM
Last week the Federal Reserve and Treasury took more action to help the frozen credit markets. The Fed decided to make direct purchases of $100 billion of Fannie Mae & Freddie Mac loans, and plans to buy another $500 billion of mortgage backed securities. The fact that they will now buy mortgage-backed … (10 comments)
Mortgage blog written by Dan Magstadt to help give some insight into the mortgage market as well as let everyone know what's going on at Meridian Financial & my personal life!
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Mortgage rates fell to the lowest level since May as home-loan refinances surged. Rates had reached record lows of 4.5% for a 30yr fixed rate loan in April until the end of May where they spiked over 1½% in two days time.
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