Securing a mortgage loan today for a purchase or refinance is looking very attractive with interest rates near 4% on long-term 30 year fixed rates. Over the last couple of months, mortgage rates have hit record lows three times what the last one being last week with a 30 year fixed rate mortgage hit 3.94%.…
Read More
Mortgages rates across the board improved today on the news of the unemployment rate falling to 8.6% from 9%. The unemployment rate has not been this low for 2 1/2 years. Initially, the stock market improved on the news on .4 % change in the unemployment rate with a liquidation of bonds. During trading this…
Read More
The Federal Reserve’s minutes of the last meeting came out yesterday and it was revealed the Federal Reserve will continue to inject money into the economy to spur economic growth in the form of quantitative easing. The Fed meeting minutes also revealed they are positioning themselves to be in lockstep coordination with the financial markets.…
Read More
Newspapers, the Internet, television and media sources are not the best places to research accurate mortgage interest rates. Advertised mortgage rates are just that, they’re advertised. Real mortgage rates are something else entirely and can change multiple times daily. The reason why you need to be aware of advertised mortgage rates is because the information…
Read More
The media has been going haywire talking about the great 4% mortgage rate. While rates are extremely low, actually getting a 4% mortgage rate is something else entirely. The average interest rate people are locking in on 30 year fixed-rate money is between 4.25-4.375%. Why the disparity? Well the interest rates advertised by Fannie Mae…
Read More
People purchasing and refinancing homes always are asking the question is it best to get the lowest APR or the lowest interest rate and what’s the difference? You need to make sure you are actually comparing apples to apples. If you are refinancing a home or purchasing a home you’re going to receive Truth In…
Read More
The Federal Open Market Committee announced on Wednesday of this week to leave the Federal Funds Rate unchanged within its target range of .25%. The Fed maintained an outlook for the US economy that since last month economic growth remains slow, unemployment rates remain elevated, and the housing sector remains depressed. Obviously, this is not…
Read More
Mortgage rates and the financial markets move all day long. On any given day you can expect that mortgage rates have the ability to change several times. It is because of this when you are shopping for a home loan, you should compare a few different lenders looking at a combination of rates and costs.…
Read More