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Investor's Business Daily - Average 30-year rates dipped to 6.67% from 6.69% from the week prior, Freddie Mac said, citing slower home sales. Average 15-year rates fell to 6.34% from 6.37%, while one-year ARMs fell to 5.65% from 6.37%. It&#39;s the second week of declines after a month of increases. Rates remain below year-ago levels.
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ALBANY, N.Y. -- A four-bedroom, 1-bath colonial for only a $450 monthly mortgage payment? How can you go wrong? Lots of ways. Fair housing advocates say the first-time buyer of that $85,000 Syracuse, N.Y., home lost out in one of the many forms of &quot;house flipping,&quot; or the fast resale of property at high profits.
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WASHINGTON -- Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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If your mortgage rate is rising, is it time to refinance?
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Investor's Business Daily - Applications rose 2.4% in the week ended Sept. 14, the 3rd straight gain, the Mortgage Bankers Association said. Applications to refinance rose 4.6% as borrowers sought to prevent rate resets from boosting their monthly payments. Home purchase applications rose 0.9%. Fixed 30-year mortgage rates rose 4 basis points to 6.29%. The 1-year adjustable rate rose to 6.39% from 6.34%.
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But Freddie Mac predicts only a slight increase in rates over the year; 30-year fixed-rate at 5.83%. NEW YORK (CNN/Money) - Mortgage rates rose in the latest week, according to a report released Thursday that
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Mortgage products aren't the problem. Borrowers are.
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Interest rates on US 30- and 15-year mortgages rose just slightly this week following a government report of more jobs in July and August and Federal Reserve testimony that the economy &quot;regained some traction,&quot; mortgage
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Scotiabank Group's mortgage business in Mexico will probably grow at a rate of 20 per cent a year with the planned purchase of 80 per cent of Mexican mortgage provider Hipotecaria Credito y Casa, said Rick ...
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Investor's Business Daily - The 30-year fixed rate averaged 5.48% for the week ended Jan. 24, down from 5.69% last week, as the Federal Reserve slashed key lending rates and the housing market weakened further, Freddie Mac said. It was the lowest rate since March 2004. The 15-year fixed rate dived 26 ticks to 4.95%. The 1-year Treasury-tied adjustable rate plunged 27 ticks to 4.99%.
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Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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The American Dream of home ownership may not be quite as dreamy as it once was. Sky-high prices, risky mortgages, and job instability have made home buying a bigger investment than it used to be. For some folks, it's an investment not worth making.
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Investor's Business Daily - The Mortgage Bankers Assoc.&#39;s mortgage applications index rose 5.5% in the week ended Sept. 7 as interest rates fell to the lowest since May. Analysts said tighter lending standards may be prompting borrowers to file more than one application. The average 30-year fixed mortgage rate fell 0.17 point 15 6.25%. The refi share of applications increased 0.7 point 15 42.1%.