mortgage rates: Mortgage Rates--What to Expect - 04/30/13 06:55 AM
 
Mortgage Interest Rates: What to Expect Moving Forward
Unprecedentedly low mortgage interest rates have been with us for some time now. Currently at about
3.3 percent, conventional mortgage interest rates are half of the recent historical average of seven
Percent. (Source: U.S. Federal Housing Finance Agency).  The difference between seven percent and 3.3
percent in interest rates has a significant impact on the loan amount for which a household can qualify.
For example, the minimum income required for a $350,000 home at a seven percent interest rate and a
20 percent down payment, would be $90,614. If the mortgage rate … (0 comments)

mortgage rates: Fence Sitters - Now is THE Time! - 03/19/09 04:50 AM
Did you see the news? 
Here read it for yourself:
"Mortgage rates expected to slide with Fed's new moves" was the headline of the L.A. Times late in the afternoon on March 18th. Then, this morning on Good Morning America, the possibility of interest rates as low as 4% were discussed . Finally, Bloomberg reported today that U.S. mortgage rates may fall to the lowest since World War II..." Indeed, rates are already moving lower. The L.A. Times reported that "some mortgage brokers were already quoting rates in the 4.5% to 4.75% range today, not including upfront fees..."
If you have … (0 comments)