interest rates: Rates Drop to 5.47% - 12/15/08 08:57 AM
Mortgage rates hit 4 1/2 year low.
Freddie says 30-year mortgage rates dropped to 5.47% this week, continuing to fall since the Nov. 25 Fed decision to buy $500B in mortgage-backed securities. … (0 comments)
interest rates: Real Estate Potentially Set to Rally - 12/01/08 11:40 AM
The Nov. 25 announcement of a Federal Reserve commitment to purchase $600 billion of mortgage-related debt from Fannie Mae, Freddie Mac and the Federal Home Loan Banks put immediate downward pressure on U.S. mortgage rates. Bankrate Inc. reports that average interest on 30-year fixed loans dropped to about 5.5 percent on … (0 comments)
interest rates: FHA to Move to Risk-Based Pricing - 05/22/08 09:18 AM
FHA announced today that it will begin using a risk-based pricing model. Meaning, applicants with lower FICO scores and down payments will pay a higher interst rate and insurance premium. However, applicants with higher FICO scores and down payments will pay a lower interest rate and insurance premium than they are … (1 comments)
interest rates: Best Time To Buy In Past 4 Years - 03/04/08 03:59 PM
CNN Money says that now is the best time in the past four years to buy a home. Prices have dropped and interest rates remain at record lows. http://money.cnn.com/2008/03/04/real_estate/markets_less_overvalued/index.htm?postversion=2008030413 … (5 comments)
interest rates: Why Now is the Best Time in Years to Purchase a Home - 10/31/07 01:03 PM
Failure to act now could be the most costly mistake you make. Here are the top 5 reasons why: 1.) Leveraged investment power: With most investments, such as stocks and bonds, the money (and risk) you put into the investment is entirely your own. With real estate, while you may only put … (3 comments)
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Mortgage rates hit 4 1/2 year low.
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