mortgage rates: Mortgage Rates Rise Off of Historic Lows - 12/15/09 12:55 AM
Two weeks ago mortgage rates hit historic lows with the 30 year falling to 4.78. The next week they fell even further to 4.71. This week they rose back up to 4.81. Although they rose a tenth of a point the mortgage rates are still near historical lows. Below are the … (0 comments)
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mortgage rates: Mortgage Rates Reach New All Time Lows - 12/06/09 02:14 AM
Last week mortgage rates matched their all time low of 4.78. This week rates fell even further reaching a new low of 4.71. To put this in some context in terms of historical mortgage rates before the last 12 months the all time low was 5.24 which was reached in the … (0 comments)
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mortgage rates: Mortgage Lenders Bailed Out By the U.S. Government - 11/28/09 06:10 AM
Beginning October 2008 through October 2009, the U.S. Treasury Department has been bailing out U.S. banks. In efforts to undergird the economy, and stabilize the struggling institutions, over $200 billion has been paid out to over 600 mortgage lenders through the Treasury's Capital Purchase Program.
Surprisingly, almost $71 billion has … (2 comments)
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mortgage rates: Mortgage Rates Hit Historic Low - 11/28/09 05:28 AM
Mortgage rates fell this week with three of the 4 major mortgage products hitting all time lows. The most important of the four mortgage products the 30 year rate fell to 4.78 from 4.83 equaling the previous low. The 15 year mortgage product hit 4.29 beating the previous low of 4.32 … (3 comments)
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mortgage rates: Mortgage Rates Plummet: 6th Lowest of All Time - 11/23/09 01:04 AM
Rates fell for the third straight week. They hit the lowest point since May 21st and they reached the 6th lowest point in history. It will come as no shock to those that have been following rates that the 5 lower rates all occurred this year. Below are the 6 lowest … (0 comments)
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mortgage rates: Preparing to Buy a Home - 11/16/09 01:06 AM
Are you preparing to buy a home for the first time? Or have you closed on a number of homes in the past and are preparing to buy your next home? Regardless, you'll want to keep in mind the steps necessary to successfully navigate the preparations for buying that next home.
… (4 comments)
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mortgage rates: Mortgage Rates Continue to Fall - 11/16/09 12:51 AM
While the expectation has been that mortgage rates would start to rise they have fallen for the last 2 weeks. This week the 30 year rate fell from 4.98 to 4.91 (last week it fell from 5.03 to 4.98). Besides October 8th its the lowest rate we have seen since the … (0 comments)
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mortgage rates: Mortgage Rates Fall Back Below 5.00 - 11/06/09 03:06 AM
After rising steadily for the last 3 weeks mortgage rates fell back down this week. The 30 year rate fell from 5.03 to 4.98. The 15 year rate fell from 4.46 to 4.40. The 5 and 1 year arm fell from 4.42 to 4.35 and 4.57 to 4.47 respectively. This looks … (0 comments)
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mortgage rates: Mortgage Rates Continue To Rise: Are Sub 5 Rates Gone Forever? - 11/02/09 12:57 AM
So are sub 5.0 rates gone forever? The short answer is probably yes. While rates might briefly fall below 5 in the next month for the most part the era of sub 5.0 rates is over. Mortgage rates rose for the third straight week. The thirty year rate rose from 5.00 … (1 comments)
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mortgage rates: Mortgage Rates Continue to Fall - 10/07/09 01:18 AM
Mortgage Rates Fell yet again this week. The 30 year fell from 5.04 to 4.94. This marks the 5th week in a row where mortgage rates have either fallen or held steady. For the most part rates have been slowly falling. In fact this week accounts for half of the total … (0 comments)
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mortgage rates: Mortgage Rates Remain at Summer Lows - 09/30/09 12:52 AM
Mortgage rates remained steady this week. The 30 year again was at 5.04 which is a low for the summer. The other mortgage products remained relatively stable this week except for the 1 year arm which fell from 4.58 to 4.52. Below are rates for the last few weeks. As we … (0 comments)
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mortgage rates: Mortgage Rates Continue to Drop - 09/22/09 02:51 AM
Mortgage rates have now dropped for 3 weeks in a row. We are not seeing a lot of movement. 30 year rates have only dropped from 5.14 to 5.04 in the last 3 weeks. What is interesting is that rates are dropping at all. Most of the news have focused on … (1 comments)
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mortgage rates: Mortgage Rates Stay Down - 09/14/09 11:28 PM
There were some expectations that mortgage rates would fall this week. Instead rates not only did not rise but fell slightly this week. The 30 year rate fell from 5.08 to 5.07 hitting a new low for the summer. The 15 year rate fell from 4.54 to 4.50. The 5 year … (0 comments)
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mortgage rates: Mortgage Rates Fall Again : Lowest Point Since May - 09/07/09 03:02 AM
Mortgage rates fell again this week reaching a 3 month low. The 30 year mortgage rate is now lower than it was 6 months ago. It's interesting to note that rates are lower than they were ago months ago. Six months ago the rates were more newsworthy because at the time … (3 comments)
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mortgage rates: Mortgage Rates and the Economy - 08/25/09 01:58 AM
Mortgage rates fell this week to the lowest point since May 28, 2009. Whether May 28, 2009 is the summer is open to some debate. The summer solstice usually is considered the technical beginning of summer which occurred on June 21st this year. Some consider Memorial Day the beginning of summer … (0 comments)
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mortgage rates: Is 2009 The Year of Real Estate Bargains? - 08/25/09 01:49 AM
Everyone has felt some of the impact of slumping real estate prices over the past two and a half years, from homeowners trying to tap into shrinking equity to commercial property investors seeing smaller returns and greater vacancies. As 2009 reaches the halfway mark, however, the case for real estate's turnaround … (1 comments)
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mortgage rates: U.S. Bankruptcy Judge's Ruling Could Change Foreclosure Laws Nationwide - 08/14/09 03:42 AM
Mortgage Electronic Registration System (MERS) has been used by lenders nationwide to track mortgages via the system's database. Lenders who are members of the program are represented in the enforcement of a promissory note secured by a mortgage. A U.S. Bankruptcy Judge in Nevada ruled earlier this year that MERS could … (1 comments)
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mortgage rates: Are Mortgage Rates Primed To Rise - 08/14/09 03:38 AM
Mortgage rates rose again this week. This is the third time in the last 4 weeks that mortgage rates have risen. Why are mortgage rates rising? There are numerous factors at play but generally once the economy recovers it's expected that inflation, and mortgage rates, should rise. The last month of … (0 comments)
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mortgage rates: Mortgage Rates Stay Even - 08/10/09 11:23 PM
The saying "No news is good news" might be applicable with the recent trend with mortgage rates. For the last 2 or 3 weeks for the most part rates have stayed pretty much unchanged. The reason why this could be considered good news is that the economy and stock market seem … (1 comments)
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mortgage rates: Is It a Good Time to Buy a Home? - 08/03/09 09:29 PM
Austin area home sales are down from a year ago, but prices are holding steady. There are many factors making now a good time to buy: low interest rates, tax incentives for first time buyers and cooperative sellers. As consumers change their spending habits, houses are once again being seen as … (0 comments)
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