Real Estate News Articles

home buying | mortgage | refinance

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Real Estate News Articles Archive April 9, 2010:

Freddie Mac released their mortgage rate update yesterday. "Once again, mortgage rates followed bond yields higher amid a positive March employment report," said Frank Nothaft, Freddie Mac vice president and chief economist.

What does this mean to homeowners and home buyers? Will rates go back down? Well, get this. 30 year fixed mortgage this time last year was at 4.87 percent. Last week, it was at 5.08 percent.

Then yesterday, it went as high as 5.21 percent.

Again, what should you be doing about this? If you need to lock a mortgage rate, if you need to refinance, if you want to buy a home, take action! Mortgage interest rates are still hot and real estate prices can't be beat!

Read this eye-opening article I wrote about Stimulus Triggers Inflation - Lock In Current Mortgage Interest Rates

Just a reminder, if you are not getting these exact quotes from your lender, you are seeing national averages here for the past week.

Real Estate News Articles Archive March 11, 2010:

Freddie Mac released their mortgage rate update today stating that the 30 year fixed rate dropped .02 percent bringing the current rate to 4.95 percent.

Not only is the 30 year fixed rate mortgage lower than last week, it is lower than 2009 for the comparable week.

What does this mean to you? If you borrow $250,000, using this mortgage loan payment calculator, your monthly house payments are $1335 plus tax and insurance.

Real Estate News Articles Archive March 4, 2010:

With current low mortgage rates and federal tax credits, right now is the affordable time to buy a house.

Home buyers will love the current 30 year fixed rate mortgage averaging 4.97 percent for the week ending March 4, 2010. Last year at this time, the 30 year fixed averaged 5.15 percent.

Monthly house payments for a typical family buying a $163,800 home were just $709 in January, the lowest amount since February 1998, according to the National Association of Realtors.

The federal tax credit for homebuyers, which expires on April 30th, can make housing even more affordable for families already in the middle of the home buying process. So, call your Realtor today for details.

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