Factors Affecting Mortgage Interest Rate Changes
October 11, 2013
in Mortgage Interest Rates Tagged bank, Federal Reserve, investors, loans, mortgage, mortgage interest ratesThere’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 […]
Strict Lending Standards & Foreclosures Taking Their Toll
February 3, 2012
in Home Foreclosures, Mortgage Interest Rates, This Week in Real Estate Tagged foreclosure, home building, home sales, housing market, lending, mortgage rates, new home construction, real estate market, real estate newsNew 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 prices, home sales, los angeles, mortgage ratesHome 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 california, mortgage interest rate, refinanceThe 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?
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 housing market, mortgage interest rate, real estate market, refinanceDespite 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 […]