First Time Home Buyers

30 Year v. 15 Year – Today’s Rates

Freddie Mac’s Weekly Primary Mortgage Market Survey (PMMS) was released this morning.

As we were talking about last week, we have an unprecedented spread between the 30 Year and 15 Year mortgages. In the past week, the 30 [...]

Mortgage rates are up. And down.

Freddie Mac’s PMMS survey for this week hit and the results are interesting.

After finding 50-year lows last week, mortgage rates ticked up .07% to 4.22% this [...]

Interest Rate Predictions | Week of March 28, 2011

What an interesting couple of weeks. After a massive rally just two weeks ago accounting for a 109 basis point (1.09 discount points), last week saw a sell-off of 97 basis points (.97 discount points).

Volatility everywhere and nary a leader in sight. Not so fast, [...]

Interest Rate Predictions | Week of March 21, 2011

Like the past few weeks, this week’s mortgage rates will be driven by things that are simply not very mortgage related.

Libya and Japan continue to dominate headlines, but the issues in Bahrain and Yemen are rapidly closing in as most important. In the spirit of [...]

Today's Mortgage Rates And Armchair Meteorology

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.

Today's Mortgage Rates

Interest rate predictions this week were pretty simple: Expect wild, wild swings. We're getting them.

Interest Rate Predictions | Week of March 14, 2011

Mortgage rates may dip a little more this week, but they'll need to go down at least another .25% to offset the increases in mortgage costs that hit later this spring.

First Time Home Buyer Rates Dropping

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.

"What are Current Mortgage Rates?"

"What are current mortgage rates?" It's probably one of the most common questions asked by home buyers and home owners.

Home Affordability Drops as Mortgage Rates Increase

Home affordability hit an all-time high during the end of 2010. It's been a completely different story since. Home affordability is a function of really only three things: home values, mortgage rates and the median income.