Tag Archives: mortgage rates
Federal Rates Impact Mortgage Rates, Stay Consistent For Now The benchmark federal funds rate—determined by the Federal Reserve—impacts the lives of every American. This rate is used to determine how much borrowed money will cost to the consumer; in other words, how much you can expect to pay when you take out a loan. In
Freddie Mac’s March 26th report on the national averages for mortgage rates brought welcome news for those hoping to buy a home in the coming weeks. For the second week in a row, mortgage rates dropped. This kept the rates on a 30-year fixed-rate mortgage under 4 percent, and dropped the rates for a 15-year fixed-rate
What Will the New Year Bring to the Real Estate Market? With the New Year almost upon us, it becomes important that we analyze 2015 real estate predictions so that we can plan our next course of action accordingly. The year 2015 is expected to bring significant changes to the real estate market as a
If you have been waiting for the spring buying season to start your search for real estate, there is some good news. There has been a recent decline in mortgage rates that could help lower your payments. Freddie Mac reported in its weekly mortgage survey that the 30-year fixed-rate mortgage (FRM) was averaging 4.34% for
Freddie Mac reports the following national averages with mortgage rates for the week ending Aug. 29: 30-year fixed-rate mortgages: averaged 4.51 percent, with an average 0.7 point, dropping from last week’s 4.58 percent average. Last year at this time, 30-year rates averaged 3.59 percent. 15-year fixed-rate mortgages: averaged 3.54 percent, with an average 0.7 point, dropping from last week’s 3.60 percent
As the economy strides steadily toward improvements, it is surprising to some that mortgage rates are still at record lows. The rates continue at historically low levels and that allows new buyers to lock in great rates and obtain better loan terms. Although the dip over the last week is not a dramatic reduction, it
On my March 20th blog post I explained why a “reverse mortgage” might be a great financial product for some senior citizens (age 62+). Seniors make up a slice of our market and may well be interested in reverses mortgages. However, the entire market is interested in “mortgage reversals”, or more completely, mortgage rate reversals.