mortage rates: What is a mortgage Broker? How can I benefit from One?
- 02/09/10 07:51 AM
Have you been browsing the Central Florida real estate listings? Are you interested in buying a home in the Orlando area, but unsure of the steps necessary to do so? Well, step one in buying your first home is to find out what type of home you will financially qualified to purchase. There are several ways to figure out what you are qualified for. Visiting your local bank branch, talking with a real estate agent or finding a mortgage broker are just some ways to see if your dream home is within reach. If you do not know what a … (3 comments)
mortage rates: Mortage rates are going up!
- 09/14/09 01:54 PM
According to Freddie Mac, mortgage rates went up this week again over 5 percent. The change was on the 30-year mortgage; this summer marks the first time rates have risen this high after the record low of 4.78 percent earlier this year. Last week, the rate was 5.22 percent and this week it went to 5.29 percent, a stark contrast to the fixed-rate mortgage rate from last year: 6.52 percent. Despite the housing market beginning to show signs of a recovery, the raised rates could potentially hinder its stabilization. The increase translates to homebuyers being qualified for less financing, therefore deterring … (0 comments)
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