interest rates: New record low last week for mortgage rates
- 11/15/12 01:10 AM
Mortgage Rates Dip To New Record Lows - for week ending Nov 9th, 2012* Minneapolis, MN. Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates dipping to new all-time record lows amid indicators of higher consumer confidence and lower wholesale prices. The previous record low for the 30-year fixed was set the week of October 4, when it averaged 3.36 percent, and the 15-year fixed was set the week of October 18, when it averaged 2.66 percent.
News Facts
30-year fixed-rate mortgages (FRM) averaged 3.34 percent with an average 0.7 point for the … (0 comments)
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interest rates: Refinance Rates hover near records lows for week ending Nov 2, 2012
- 11/07/12 11:43 PM
Mortgage Rates Settle in Near Record Lows Minneapolis, MN: Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates mixed following the monthly employment report but continuing to hover near their record lows over the past six weeks. Last year at this time, the 30-year fixed-rate mortgage averaged 3.99 percent, dropping below 4.00 percent for the first time since Freddie Mac started reporting its weekly mortgage rates survey in 1971.
News Facts
30-year fixed-rate mortgages (FRM) averaged 3.40 percent with an average 0.7 point for the week ending November 8, 2012, up from last … (0 comments)
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interest rates: Mortgage rates for week ending Oct 26th, 2012
- 11/01/12 01:11 AM
Mortgage Rates Continue To Hover Near Record Lows St Paul, MN: Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving slightly lower while continuing to remain near their all-time lows this week amid signs of a growing economy and low inflation.
News Facts
30-year fixed-rate mortgage rates (FRM) averaged 3.39 percent with an average 0.7 point for the week ending November 1, 2012, down from last week when it averaged 3.41 percent. Last year at this time, the 30-year FRM averaged 4.00 percent. 15-year fixed rates mortgage rates this week averaged 2.70 … (0 comments)
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interest rates: Little change in Mortgage Rates this week following employment report
- 10/11/12 01:18 AM
Mortgage Rates Hit All-time Record Lows For Second Consecutive Week Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling to new all-time record lows for the second consecutive week on mortgage securities purchases by the Federal Reserve and indicators of a weakening economy.
The Federal Reserve’s purchase of long-term fixed mortgage securities allowed the 15-year fixed-rate mortgage at 2.69 percent to fall below the 5-year ARM’s rate at 2.72 percent. The last time the average 15-year fixed was lower than the 5-year ARM was the week ending October 15, 2009.
News … (0 comments)
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interest rates: New Record Low for Mortgage Interest Rates
- 09/27/12 12:18 AM
All-Time Low: 30-Year Fixed-Rate Mortgage Averages 3.40 Percent Minneapolis, MN: Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates breaking their previous average record lows helping to keep homebuyer affordability high and refinancing strong to support an already improving housing market. All mortgage products, except the 5-year ARM, averaged new all-time record lows.
News Facts
30-year fixed-rate mortgages averaged 3.40 percent with an average 0.6 point for the week ending September 27, 2012, down from last week when it averaged 3.49 percent. Last year at this time, the 30-year FRM averaged 4.01 percent. … (3 comments)
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interest rates: Mortgage Rates Hold Steady as Markets wait on Further Stimulus News
- 09/13/12 12:28 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), FOR THE WEEK ENDING AUGUST 30, 2012 showing fixed mortgage rates holding steady from the previous week and remaining near their all-time lows. The average 30-year fixed-rate mortgage has been below 4.00 percent all but once this year and the average 15-year fixed, a popular choice among refinance borrowers, has been below 3.00 percent since the last week in May.
News Facts
30-year fixed-rate mortgages (FRM) averaged 3.55 percent with an average 0.6 point for the week ending September 13, 2012, the same as last week. Last year … (0 comments)
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interest rates: Avoid Mortgage Loan Tricks, Scams, and Mistakes
- 09/09/12 10:52 PM
St Paul, Minnesota: Mortgage interest rates are still great. That's great news for veteran loan hunters. But for inexperienced shoppers who don't watch their backs, the mortgage business can still be a scary place to travel.
The internet historically has make it easier for sly banks, mortgage lenders and brokers to mislead and take advantage of naïve consumers using any number of tricks, from quoting bogus rates over the telephone to slipping gratuitous costs into their loans. To avoid these problems -- as well as other trip-ups posed by the confusing mortgage process itself -- consumers have to brush up on their shopping … (4 comments)
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interest rates: How to pick a Loan Officer
- 07/30/12 01:34 AM
With today's super low mortgage rates, many people are looking to refinance or buy a home. Everyday, they call lenders and ask "What is your rate." A seeming logical question to ask - but the reality is, the #1 most important aspect of a successful mortgage transaction is the quality of the Loan Officer.
When selecting a Mortgage Loan Officer, most people mistakenly call their local bank first and assume the banks have hired qualified people. The reality is, most banks hire relatively new, and have low paid people as mortgage loan officers. Bank Loan Officers are NOT required to have any education, nor do … (1 comments)
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interest rates: Winning or losing in the mortgage interest rate game
- 10/03/11 06:32 AM
Mortgage interest rates -- just like stock prices -- change price daily and you can win big or lose big if you don't know what you are doing.
#1 Mortgage Interest Rate and Lender Shopping Tip | MN and WI Mortgage Rates | Quote, Float, or Lock? |
St Paul, MN: For the typical home buyer that is "shopping" for a mortgage, or waiting for rates to fall, or just "hasn't gotten around to it", we suggest you almost always lock, and to do it quickly. The sooner you lock your rate, the less chance you have of losing in … (1 comments)
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interest rates: Interest rates — you can win big or lose big if you don’t know what you are doing.
- 08/04/11 02:35 AM
Mortgage interest rates — just like stock prices — change price daily and you can win big or lose big if you don’t know what you are doing.
Everyday Loan Officers are ask “what do you think interest rates are going to do?” Of course none of us know that answer, so except for the most extreme cases on a purchase transaction, I suggest you always lock, and to do it as soon as you can. The sooner you lock your rate, the less chance you have of losing in the mortgage interest rate game
If you have a signed … (0 comments)
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interest rates: Rates are low. Should I be Refinancing?
- 06/29/11 03:32 AM
Mortgage Interest Rates are hovering near historic lows. Should YOU refinance?
Minnesota and Wisconsin homeowners - The first rule is that there are no rules. You should refinance if it makes sense for you. Many people still think the "Rule Of Thumb" is that that if you could lower your interest rate by 2% or more then you should refinance; Depending on your situation, it may make sense for you to refinance even if you can lower your rate by only 1/2%.
It's time to seriously think about refinancing your current mortgage, especially if your interest rate is 1.0% or higher … (1 comments)
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interest rates: You Are Entitled To A Second Opinion, Even If You Have Already Been Pre-Approved For Your Mortgage!
- 06/06/11 01:06 AM
You Are Entitled To A Second Opinion, Even If You Have Already Been Pre-Approved For Your Mortgage! Imagine you have just went to the Doctor in Minneapolis, or the Mayo Clinic in Rochester, MN and found out that you have to have surgery on your knee and the procedure will be pretty extensive! Most people just won't take the doctors word any more. They seek out another doctor for a second opinion.
That's the way it should be with your home loans and mortgage too! If you have already been pre-approved or pre-qualified for a mortgage on your next home, are … (0 comments)
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interest rates: Shopping Around For A Mortgage Lender? Four questions to ask.
- 05/26/11 05:42 AM
Shopping Around For A Mortgage Lender? Here is THE INSIDE SCOOP on how to IDENTIFY A PROFESSIONAL MORTGAGE LENDER, BROKER, and LOAN OFFICER HERE ARE FOUR SIMPLE QUESTIONS your Loan Officer absolutely MUST be able to answer CORRECTLY. IF THEY DO NOT KNOW THE ANSWERS - RUN, DON’T WALK RUN TO A LENDER THAT DOES! 1) What are mortgage interest rates based on? (The only correct answer is Mortgage Backed Securities or Mortgage Bonds, NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move … (0 comments)
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interest rates: Buying a Home in 2011 is a Good Idea
- 03/17/11 06:08 AM
Buying a Home in 2011 is a Good Idea
Minneapolis, MN: As we enter the traditional spring home buying market, many people are trying to decide if owning a home is better than renting. Renting may be preferable for some folks... but there's a reason 68% of Americans choose homeownership over rent.
Here are several very good reasons to own:
Mortgage interest and property tax deductions Appreciation Amazingly low mortgage interest rates Home Affordability is at an all time high. Ability to decorate, remodel, modify or enlarge the structure Build up of equity and ability to borrow against that equity Capital … (1 comments)
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interest rates: Top reasons to refinance your mortgage today
- 03/10/11 06:10 AM
Joe and Eric Metzler talk about why you should refinance today.
Mortgage Interest Rates are set to go up soon for many reasons. Fannie Mae and Freddie Mac are both increasing the wholesale costs of mortgage loans, the economy may be improving, and home values may continue to fall slightly, all items that will effect your mortgage interest rates.
Searching rates on home loans, or rates for refinancing your mortgage in MN or WI? Watch the Video to learn why now is the time to refinance!
Visit Mortgages Unlimited at www.MortgagesUnlimited.biz
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Mortgage Rates Dip To New Record Lows - for week ending Nov 9th, 2012* Minneapolis, MN. Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates dipping to new all-time record lows amid indicators of higher consumer confidence and lower wholesale prices. The previous record low for the 30-year fixed was set the week of October 4, when it averaged 3.36 percent, and the 15-year fixed was set the week of October 18, when it averaged 2.66 percent.
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