home buying: Mortgage Bankers Association October 2018 Rate Forecast
- 10/18/18 12:38 AM
Mortgage Bankers Association October 2018 Rate Forecast The October 2018 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing a continual and gradual increase through the final quarter of 2018. Looking ahead the average interest rate is forecast to plateau at 5.1 percent by the end of June 2019 and then hold a steady average through the remainder of 2019 and even through 2020. During the prolonged plateau, we can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around 5.1 percent quarterly average. To gain some confidence in the forecast, we … (0 comments)
home buying: Should You Buy Down Your Mortgage by Paying Points
- 03/17/12 06:44 AM
When it comes to comparing interest rates for a mortgage loan, home buyers often have the option of choosing a loan with a lower interest rate by paying points. Simply put, a point is equal to 1 percent of the loan amount. For example, with a $100,000 loan, one point equals $1,000. Points are usually paid out-of-pocket by the buyer at closing. Paying points may seem attractive, because a lower interest rate means smaller monthly payments. But is paying points always a good idea? The answer generally depends on how long you plan to stay in the house. Let's look at … (1 comments)
If you visit our web site you may have noticed that we periodically refresh the sites news content and monthly reports so you can follow the market with us. For those of you who do not have the time to keep up with all the articles and reports, this blog is an opportunity for me to provide you a summary of news and industry happenings as well as present you with some of Oahu's MLS's most popular listings. Until next time, a hui ho.
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