Could this be a turnaround in the mortgage market? The lowest mortgage rates in history coupled with an upswing in purchase applications?
Tag Archives | 30-Year Mortgages
Home mortgage rates increase – have you bought your home or refinanced your mortgage yet? Don’t miss out on historically low mortgage rates!
If you’re shopping for a new home or thinking about refinancing – it’s important to know what to look for in a home loan. We give you 5 pro tips to make sure you are able to make the most informed decision about your new mortgage.
Introducing our new weekly feature: Watch-It Wednesday! Each week we’ll bring you an informative mortgage video. This week, we take a closer look at the 30-year fixed-rate mortgage.
The 30-year fixed mortgage rate has hit another record low for the third week in a row according to Freddie Mac.
If you’re looking for a little something extra that will get that SOLD sign up quick, check out these alternative tips.
The good news is that our troubled economy is getting healthier. But the not-so-good news is that the days of historically-low mortgage rates might be coming to an end. Here’s why: For quite a while now, the Federal Reserve has been stimulating the economy by keeping interest rates artificially low. In fact, rates on 30-year mortgages dropped to a record low of 4.78% earlier this year, but have slowly moved up to above 5% since June. One of the ways the Fed has kept rates low was by buying up mortgage-backed securities. But now the money is running out, and that means that rates may be on the rise.