Archive for Current Mortgage Rates
Home Mortgage Rates Fall Again
Home mortgage rates dropped to the lowest level on record for the fifth time in six weeks. With home loan rates this low it makes buying a home and mortgage refinancing more appealing as the housing affordability increases. Get approved for a home refinance can be challenging as refinance guidelines have been modified to reduce [...]
With Record Low Home Mortgage Rates Why Are Consumers Waiting
Home mortgage rates have not been this low in nearly fifty years, yet the volume for home loan applications has been declining over the last few months. Home prices are affordable again for thousands of families. Freddie Mac, said in a recent statement that “too many qualified borrowers are sitting on the sidelines because of [...]
Home Refinancing Opportunities Fading?
2010 has been a great year for mortgage refinancing because the rates are at record lows. However, the writing is on the wall, Refinance now because home mortgage rates are going up soon. Most qualified borrowers have converted their home loan to a fixed rate mortgage, but there are quite a few homeowners that would like [...]
What Causes Home Loan Rates to Change?
Conventional, VA and FHA mortgage rates are fluctuating unless you lock into a fixed interest rate mortgage. When shopping for a home refinancing solution, it is important that you lock the rate at an optimal time. Most consumers believe that whenever the Federal Reserve changes their interest rates, their home loan rates also change. This [...]
Mortgage Rates Lower with fifteen-Year Fixed Home Loans At 4.36%
According to mortgage economist, Josh Emmons, “Home refinance opportunities always arise when interest rates for mortgage loans fall below 5%.” Home loan rates dropped this week and the average mortgage rate on thirty-year fixed-rate home loans declined below 5% to a four-month low, according to Freddie Mac’s report of mortgage rates surveyed from lenders nationwide. [...]
Mortgage Rates Fall Again for 30 Year Home Loans
Home mortgage rates on 30-year home loans plunged this week to the lowest level since January, and are poised to fall further after the Federal Reserve launched a new effort to prop up the flailing housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed rate mortgages dropped to 4.98 [...]