Factors Affecting Mortgage Interest Rate Changes

October 11, 2013

in Mortgage Interest Rates | Tagged , , , , ,

There’s more to the cost of owning that dream home than the price the seller is asking for. The interest rate on your mortgage loan affects the price and how much you’ll pay every month to your mortgage company. Comparing mortgage interest rates is important because they may change daily, and different rates may be [...]

How Your Credit Score Affects Your Mortgage Rate

September 14, 2012

in Home Buying Guide, Mortgage Interest Rates | Tagged , , , , , , , , , , ,

Credit checks are a necessary part of applying for any loan, but they are especially important during two stages of the loan process: on the day you apply for a mortgage and shortly before closing on the loan. The first credit check is to ensure that you pay your bills on time and have sufficient [...]

Strict Lending Standards & Foreclosures Taking Their Toll

February 3, 2012

in Home Foreclosures, Mortgage Interest Rates, This Week in Real Estate | Tagged , , , , , , , ,

New Home Orders Rise Looks like the market for new homes is on the mend. Orders for new homes increased in the quarter ended December, bringing a much needed cheer to the home building industry.The news has made the chief executives for some of the nation’s biggest home building companies cautiously optimistic about a market [...]

End of 2011 Brings Rise in Home Sales and Continued Low Mortgage Rates

December 30, 2011

in Mortgage Interest Rates, This Week in Real Estate | Tagged , , ,

Home Sales Rise What a happy way to bid 2011 goodbye. According to the National Association of Realtors®, the number of contracts signed for future purchase of existing homes rose 7.3 percent. That’s the highest gain in 19 months. Plummeting prices and low lending costs accelerated the numbers, which economists were expecting to rise by [...]

How to Find the Lowest Home Refinance Rates in California

October 9, 2011

in Mortgage Interest Rates, Regional Real Estate Tips | Tagged , ,

The housing market depression has dealt one of its worst blows to California, a state once known as a real estate market paradise. California today leads the country with the largest number of underwater homes, according to the San Francisco Chronicle. An astounding 2 million homeowners are struggling with negative equity on their properties, and [...]

Will Mortgage Interest Rates Drop?

September 15, 2011

in Mortgage Interest Rates | Tagged ,

It’s a great time to be shopping for a home. There’s an abundant supply of products to choose from, and unbelievable mortgage interest rates that keep slipping, making potential homeowners smile. According to mortgage giant Freddie Mac, for the week ended Sept. 8, the average 30-year-fixed-rate mortgage dropped to 4.12 percent, the lowest in the [...]

Struggling Economy Drives Low Mortgage Loan Interest Rates

September 9, 2011

in Mortgage Interest Rates, This Week in Real Estate | Tagged , , ,

Despite the pall and gloom surrounding the nation’s real estate market, there are pockets across the country showing some recovery signs. A new economic index released by the National Association of Home Builders measuring improvement in areas such as housing permits, employment and housing prices for at least six months found a string of cities [...]

Can I Lower My Interest Rate for Mortgage with Bad Credit?

August 14, 2011

in Home Buying Guide, Mortgage Interest Rates | Tagged , , ,

One of the hallmarks of the American dream is home ownership, but gone are the days when banks were willing to offer low interest rates for mortgages with bad credit. At the height of the real estate bubble, it wasn’t uncommon for mortgage lenders to use creative financing to lend money to individuals with bad [...]

What is Happening to Mortgage Interest Rates?

August 11, 2011

in Home Buying Guide, Mortgage Interest Rates, Negotiating House Prices

Most people assume that mortgage interest rates move in relation to the interest rate set by the Federal Reserve. So how can mortgage interest rates go up when the Federal Reserve rates are holding steady or going down? What is happening to mortgage interest rates now? As it turns out, the Federal Reserve and mortgage [...]