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 [...]

With 30-Year Mortgage Interest Rates Low, Is it a Buyer’s Market?

August 12, 2011

in This Week in Real Estate | Tagged , , , ,

S&P Downgrades Ratings of Fannie Mae and Freddie Mac Exactly a week ago, Standard & Poor deemed the U.S. a not-so-lucrative investment by lowering the country’s credit rating. Wall Street hated the news. If that wasn’t bad enough, S&P added more salt to the wounds on Monday by downgrading its rating of mortgage behemoths Fannie [...]