The average interest rate for a 15-year fixed-rate mortgage hit a new historic low on Friday — 4.20 percent, down slightly from 4.21 last week. The last time the 15-year rate was that low was August 1991, when Freddie Mac began its weekly survey.
t was the third week in a row that the rate hit [...]
Posts Tagged ‘home buyers’
15-Year Mortgage Rate Falls Again: Can It Go Any Lower?
June 5th, 2010 by Mortgage Writer
Tags: borrowers, business, economic recovery, economy, federal reserve, financial, Freddie Mac, home buyers, home loans, housing market, interest rates, mortgage lenders, mortgage rates, real estate, tax credit, US Economy
more...Mortgage Rates Stay Low, But So Does Loan Demand
June 2nd, 2010 by Mortgage Writer
Can anyone say “tax-credit-induced hangover”?
Mortgage rates are still near 50 year lows, but demand for new-purchase mortgages fell for the fourth straight week to a new 13-year low, according to the Mortgage Bankers Association.
Average rates on 30-year fixed-rate loans were up slightly last week, to 4.83% from 4.8% two weeks ago. The effective rate, which [...]
Tags: borrower, debt, federal reserve, home buyers, interest rates, Mortgage Bankers Association, mortgage rates, tax credit
Use Low Rate Mortgage to Maximize Home Purchase, Says Informa Research Services
April 20th, 2010 by Mortgage Writer
According to recent reports, mortgage rates have fallen for the first time in over a month. After jumping significantly a few weeks ago, they have now retreated back to record low levels, which could benefit first time home buyers and others who are in the market to purchase. Informa Research Services, a subsidiary of Informa [...]
Tags: home buyers, homeowners, mortgage, mortgage rates, news, Obama, real estate, US Economy
Wis. agency will resume lending to home buyers
February 14th, 2010 by Mortgage Writer
Wisconsin residents seeking to buy a home for the first time got a boost Friday when the state’s affordable housing agency announced plans to resume lending after a 17-month suspension.
The Wisconsin Housing and Economic Development Authority stopped issuing mortgages to low- and middle- income home buyers in October 2008, when the economic collapse left no [...]
Tags: banking leaders, economic development, home buyers, lending, mortgages, real estate, wisconsin agency, wisconsin housing
Last Week Mortgage Applications Declined
November 26th, 2009 by Mortgage Writer
For the second week straight, mortgage applications dropped 4.5%.
According to the Mortgage Bankers Association’s index, mortgage applications dropped from 629.1, during the prior week, to 601 last week, which is a 4.5% decrease.
Government programs have been helping the housing market recover from the worst economic crisis since the 1930’s. The first time home buyer [...]
Tags: home buyers, low mortgage, mortgage, Mortgage Bankers Association, tax credit
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