Currently viewing the tag: "Mortgage Rates"

Home Builders Report Higher Sales

On February 17, 2011 By

Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.

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Mortgage Rate Update for February

On February 17, 2011 By

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%.

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Comparing a Chicago Mortgage to an Atlanta Mortgage

On February 10, 2011 By

Just a fun comparison for this week’s PMMS results. We’ll call them Chicago mortgage and Atlanta mortgage to make this easy.

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ARM's Adjusting To 3.00% Right Now

On February 8, 2011 By

Current ARM’s are adjusting lower, much lower. It’s because of how mortgage rates are calculated.

An ARM has a initial rate. This is that fixed period for some duration, it’s the 5 years in a 5/1 ARM.

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30 Year Fixed v. 5/1 ARM

On February 7, 2011 By

The gap between the 30 Year Fixed and the 5/1 continues to widen.  In the most recent survey, it shows that we’re now a full 1.12% apart on the starting rates.  The fees are comparable–only [...]

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Interest Rate Predictions | Week of February 7, 2011

On February 7, 2011 By

Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.

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First Time Home Buyer Loans Less Expensive

On January 31, 2011 By

The most recent survey was released on January 27th.  The 30 Year Fixed was at 4.74% versus 4.98% one year ago.

The most common is [...]

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Interest Rate Predictions | Week of January 31, 2011

On January 31, 2011 By

Mortgage rates fell last week as the geopolitical mess in Egypt trumped a week of otherwise positive economic data.

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The Fed Meets Today. What It Means To Mortgage Rates.

On January 25, 2011 By

The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It’s the group’s first meeting of 2011 — one of 8 scheduled for the year.

The Fed meets every 45 days, on average. Its last meeting was December 14, 2010.

Rate shoppers and home buyers should [...]

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Interest Rate Predictions | Week of January 24, 2011

On January 24, 2011 By

Mortgage rates worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.

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