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Archive | Mortgage News
Low Rates Push New Home Sales Higher
by Clayton Closson on October 26, 2006 in Home Sales
New home sales are seeing stronger numbers due to the drop in long-term interest rates. How will the Fed's decision to keep short-term rates at current levels affect the housing market?
Refi Boom Continues; Long-Term Rates Reflect Year's Lows
by Clayton Closson on October 25, 2006 in Mortgage Rates
Long-term interest rates remain at a low range for the year. The recent drop in long-term rates continues to fuel the current boom in homeowners refinancing their adjustable rate mortgages into fixed-rate mortgages. Will this refi boom hold?
Refi Boom Continues; Long-Term Rates Reflect Year’s Lows
by Clayton Closson on October 25, 2006 in Mortgage Rates
Long-term interest rates remain at a low range for the year. The recent drop in long-term rates continues to fuel the current boom in homeowners refinancing their adjustable rate mortgages into fixed-rate mortgages. Will this refi boom hold?
Fed Leaves Short-Term Interest Rates Unchanged Again
by Clayton Closson on October 25, 2006 in Mortgage Rates
Once again, the Federal Reserve has decided to leave short-term interest rates alone which means rates for ARMs and HELOCs will not be affected.
Low Long-Term Interest Rates Helping Stabilize Housing Market
by Clayton Closson on October 25, 2006 in Home Sales
Due to drops in long-term fixed rates, the housing market is seeing some stabilization after softening in the last year. Short-term rates have also remained level. Home buyers are taking advantage of these low rates. What will the housing market be like next year?
Fueled by Low Rates, Housing Starts Post Gain in September
by Clayton Closson on October 18, 2006 in Home Buying
Construction of new homes increased last month according to the housing starts report released by the U.S. Census Bureau and the Department of Housing and Urban Development. The increase was likely due to long-term interest rates being so low.
Low Long-Term Rates Stimulate Home Purchase Activity
by Clayton Closson on October 18, 2006 in Mortgage Rates
Long-term interest rates have dropped lower in recent weeks, stimulating those with adjustable rate mortgages to refinance into fixed rate mortgages. They've also spurred more people to buy new homes while rates are as low as they are.
Don’t Pay Off Your Mortgage Yet
by Clayton Closson on October 13, 2006 in Mortgage Rates
Paying off your mortgage completely is quite possibly every American homeowner's dream. But there are many other things that could prove a wiser use of your money than your mortgage
Long-Term Rates Low, But Mortgage Activity Dips
by Clayton Closson on October 11, 2006 in Mortgage Rates
Long-term interest rates have dropped dramatically in recent weeks. But last week's unemployment report caused them to tick up a bit. Mortgage activity dropped a bit after a surge of homeowners refinancing their adjustable rate mortgages into fixed rate mortgages.
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