Currently viewing the tag: "FHA Interest Rate"

Mortgage Rates Rally to 2009 Lows

On November 24, 2009 By

In a death blow to mortgage rate predictions, the markets continue to write history as they go.  There’s a global race between countries to devalue their currencies right now.  The U.S. is “winning.”  Big time.

The 15 Year Fixed is 4% paying one point.  The 30 Year is 4.75% no points.  The 5/1 ARM is, [...]

Continue Reading →

FHA Streamline Refinance Program–5 days remaining

On November 10, 2009 By

Refinances are changing.

Continue Reading →

October 28 – Mortgage Rates Rally

On October 28, 2009 By

Mortgage rates are rallying again.  The stock market was showing some fight this morning, but that has fizzled out.

All things being equal, a weak U.S. Dollar can make mortgage rates go higher.  Some other times, a weak U.S. Dollar can help drive rates lower.

Here’s what happened yesterday and, if you’re not locked in, [...]

Continue Reading →

October 26 – Current Mortgage Rates

On October 26, 2009 By

Last Week

Mortgage rates closed last week unchanged which ended a string of three losing weeks in a row. Rates sit about .5% higher than the lows of early October. Main reason: The U.S. dollar is weak and getting weaker. Once rates [...]

Continue Reading →

FHA Streamline Refinance Changes

On October 7, 2009 By

Beginning November 17, 2009, the will make it harder to qualify for its popular Streamline Refinance program.

Available exclusively to homeowners with existing FHA home loans, the streamline program is meant to help homeowners reduce mortgage payments as simply as possible.

As such, the program carries [...]

Continue Reading →

The Return of the Chicago 2-Flat

On September 28, 2009 By

There was a great article in the Chicago Tribune about five or six years ago. It spoke of the incredible values of the Roscoe Village 2-flat and how it had been a tried and true starter home for generations in Chicago. The rent would subsidize the mortgage and appreciation would compound on a larger home value.

Continue Reading →

Chicago Mortgage Rates – September 21, 2009

On September 21, 2009 By

Rates

Today’s daily updates covered what’s moving rates this week.  In a nutshell, expect volatility every day for different reasons.  The Federal Reserve meeting should should see the Fed Funds Rate unchanged, leaving the Prime Rate [...]

Continue Reading →

Chicago Mortgage Loan Rates – September 14, 2009

On September 14, 2009 By

Current No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. 30 Year Fixed Rate Discount Points APR 4.750% 1.09% 4.904% 4.875% 0.55% 4.983% 5.000% 0.16% 5.075% 20 Year Fixed Rate Discount Points APR 4.625% 0.91% 4.762% 4.750% [...]

Continue Reading →

September 11, 2009 – Chicago Mortgage Rates

On September 11, 2009 By

Recap from September 10th

Mortgage rates dipped again yesterday as the bond market picked up momentum as the day went on. The Treasury continues to auction off securities at a pretty quick pace, but buyers keeping buying US Dollar denominated investments.

Current

Continue Reading →

Chicago Mortgage Rates – 9/10/2009

On September 10, 2009 By

Current Rate Discount Points APR 4.750% 1.21% 4.914% 4.875% 0.65% 4.992% 5.000% 0.23% 5.082% 20 Year Fixed Rate Discount Points APR 4.625% 0.90% 4.761% 4.750% 0.03% 4.812% 4.875% 0.00% 4.925% 15 Year Fixed Rate Discount Points APR 4.250% 0.81% 4.374% 4.375% 0.32% [...]

Continue Reading →