Mortgage Rates & Information

Mortgage giant, Freddie Mac collects mortgage rates, on a weekly basis, from lenders across the nation. Last weeks figures hit a high not seen in a couple months, setting the average rates at 5.05%! As mortgage rates are tied in closely with long-term government debt yields, the rates are rising al [Read More]

Mortgage rates on a fixed rate, 30 year mortgage inched up this week to 4.81% according to Mortgage giant, Freddie Mac who collects mortgage rate information weekly from lenders from around the nation. In an effort to keep the real estate market affordable, FED has been keeping the rates below 5%, [Read More]

Mortgage rates matched the lowest they were but experts are telling us not to expect ti to continue for the next 30-40 days. Some are saying there may even be an increase. Rates for 30-year mortgages averaged 4.78 percent last week, down from 4.83 percent the previous week and equaling the record [Read More]

Conventional 30 Yr. Fixed Rate: 5.00%* FHA 30 Yr. Fixed Rate: 5.125%** 100% USDA 30 Yr. Fixed Rate: 5.375%*** *Based on a sale price of 125K w/20% down and an APR of 5.241 **Based on a sale price of 130K w/ 3.5% down and an APR of 5.908 ***Based on a sale price & loan amount of 100K and an APR [Read More]

Daily Mortgage News We are almost at our $8,000.00 tax credit deadline. For those who would still like to recieve the tax credit you MUST close by November 30 2009.  It is a first time homebuyer tax credit and is being given to anyone who purchases a PRIMARY RESIDENCE and has not owned a prim [Read More]

The economy seems to have bottomed out in July 2009, and has grown at a little more than 3% in the second half of 2009. However, the supply of credit is still tight. Lenders have tightened their standards dramatically, so the best rates available are for those with solid credit and a 20% downpaymen [Read More]

Rates for a 30 yr. mortgage have have dropped for the second straight week since the recdord lows last Spring. The new avarage rate for a 30 year fixed mortgage this week is 5.07, down from 5.08 last week. Rates are supposed to stay at a low rate for the next month or two. However, these rates will [Read More]

The rates for 30 year mortgages rose to 5.29 this week after reaching a record low earlier this summer of 4.78%. Last week the same mortgage was 5.22%. Last year at this time, a 30 year fixed mortgage was 6.52%. The average rate for a 15 year fixed mortage this week is 4.68% which rose from 4.63 la [Read More]

GOOD NEWS - Rates on 30-year mortgages dipped this week after economic reports came in better than expected, Freddie Mac said Thursday. LOOK AT THE NUMBERS COMPARED TO LAST YEAR- The average rate on a 30-year fixed rate mortgage was 5.22 percent, down from last week, when it was 5.25 percent. Last [Read More]

What a great time to purchase a home! Mortgage rates have dropped once more for the third week in a row. Last year at this time, a 30 year fixed mortgage averaged 6.26 percent. This week the same mortgage is down to 5.14 percent. It's not quite down as far as the record low in April of 4.78 per [Read More]