mortgage rates: Incredibly Low Mortgage Rates!
- 02/04/12 06:06 AM
Via Freddie Mac: Here’s a closer look at rates for the week ending Feb. 2: 30-year fixed-rate mortgages: averaged a new record low of 3.87 percent, with an average 0.8 point, dropping from last week’s 3.98 percent average. A year ago at this time, 30-year rates averaged 4.81 percent. 15-year fixed-rate mortgages: also reached new lows this week, averaging 3.14 percent, with an average 0.8 point. Last week, 15-year rates averaged 3.24 percent and a year ago at this time 15-year rates averaged 4.08 percent. 5-year adjustable-rate mortgages: averaged 2.80 percent, with an average 0.7 point, dropping from last week’s 2.85 percent average. Last … (2 comments)
mortgage rates: Women, YOU aren't getting the best!
- 12/06/11 12:38 PM
Women aren’t getting the best mortgage rate when getting a loan compared to men, but it’s not because of gender discrimination. It’s because women aren’t doing enough shopping when it comes to mortgage rates, a new study published in the Journal of Real Estate Finance and Economics finds. Women tend to rely on recommendations from their friends when it comes to mortgage rates, while men are more likely to shop around and talk to several lenders in finding the best rate, the researchers note. Researchers aimed to shed light on why a 2006 study found that women are 32 percent more … (5 comments)
mortgage rates: Are YOUR Clients Asking: Are Interest Rates Rising?!
- 08/09/11 01:50 PM
Despite the fact that congress managed to reach a deal on the debt ceiling in the 11th hour, the credit score of the US got downgraded. For homeowners, who deal with mortgages based on their credit scores and know that a not-so-perfect score can wreak havoc, this is a big concern. So the question remains, what will be the affects?
As explained in the Washington Post: “The impact on your wallet of the Standard & Poor's downgrade of the nation's credit rating is similar to what would happen if your own credit score declined: The cost of borrowing money is … (0 comments)
Via Freddie Mac:
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