williamson county: What's Ahead For Mortgage Rates This Week: Feb 28th
- 02/28/11 02:40 AM
Mortgage markets improved last week as Wall Street's concerns about the Middle East trumped its fears of inflation. Conforming and FHA mortgage rates in Tennessee fell to a 3-week low. Last week marked the second straight week in which mortgage rates fell, a streak that follows four straight weeks of climbing mortgage rates. It's been a bout of good fortune for rate shoppers and home buyers. In addition, according to Freddie Mac's weekly mortgage rate survey, the average spread between conforming 30-year fixed rate mortgages and 5-year ARMs has widened further. The two benchmark products are now separated by 1.15%. It's (0 comments)
This FHA Streamline information is accurate as of today, February 21, 2011. Mortgage guidelines change all the time. If you get your FHA information somewhere else, double-check the article's publish date first. The FHA Streamline Refinance Returns To Its Roots The FHA-insured mortgage market share has increased nearly 10-fold since 2006, creating a huge class of first-time FHA borrowers around the country. FHA mortgages are identical to conventional mortgages in most ways -- they're offered as fixed rate or adjustable,they're available with 15- or 30-year terms, and they don't have a prepayment penalty. But, because FHA mortgages are insured by (0 comments)