First Time Home Buyers
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"Mortgage Rates"
The first Freddie Mac PMMS survey of the year put rates at 3.91%, matching the all-time low.
This compares to the 30 year fixed at the same time last year sitting at 4.77%.
Over the course of 10 years, that materializes into a mortgage wtih a total cost that is $8,300 less than a mortgage [...]
Continue Reading →The 30-year fixed-rate fell below 4% for the first time in history on the report ending October 6.
While that’s down 0.33% since October of last year, that’s a staggering drop when looking back at just 5 years ago.
In October of 2006, rates were at 6.36%. Last week we saw 3.94%.
On a monthly [...]
Continue Reading →This week’s mortgage rates from Freddie Mac put the 30 Year Fixed at a national average of 4.76%, down from 4.88% the week prior.
Continue Reading →Interest rate predictions this week were pretty simple: Expect wild, wild swings. We’re getting them.
Continue Reading →It’s been a great few days for buyers in terms of home affordability.
On the most common choice of loan for first time home buyers is the 30 year fixed. Freddie Mac’s PMMS came out yesterday showing rates were at 4.88%, virtually unchanged from the week prior.
That’s good news. We’re about 0.65% higher than [...]
Continue Reading →“What are current mortgage rates?”
It’s probably one of the most common questions asked by home buyers and home owners.
Continue Reading →Since the beginning of November and the Fed’s QE2 policy announcement, mortgage rates have shot up 0.875%. To put it in perspective, that change in rates pushed down home buyer purchasing power by more than 10%.
Continue Reading →Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.
Continue Reading →We’ve retraced the highest mortgage rates since April 2010. According to Freddie Mac, last week saw the largest single week increase in more than a year. Last Thursday’s PMMS report showed rates higher by .24% and a national average of 5.05%.
Continue Reading →As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.
Continue Reading →