Tag Archives: interest rates

Mortgage rates break holding pattern and drop…

While still higher than last year, mortgage rates have broken their holding pattern and dropped, according to Freddie Mac. Click on link to read more Mortgage rates drop

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Interest rates are down but so is available credit

While we are seeing all time low interest rates, we aren’t seeing the expected increase in loan volume. The tighter rules and regulations tied around obtaining a loan is making it more difficult for a consumer to take advantage of … Continue reading

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Fannie and Freddie lower mortgage modification interest rates

Beginning May 13, Fannie Mae and Freddie Mac will lower the standard modification interest rate from 3.75% to 3.625%, the lowest it has been since the program began in 2012.  To read more click http://www.housingwire.com/articles/36987-fannie-mae-freddie-mac-mortgage-modification-interest-rate-falls-to-new-record-low

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Good news for homebuyers. Freddie Mac: Mortgage rates drop four consecutive weeks

The 30-year fixed-rate mortgage averaged 3.79% for the week ending Jan. 28, 2016, down from 3.81% last week, but up from 3.66% a year ago. Additionally, the 15-year FRM this week decreased to 3.07%, falling from 3.10% a week prior. … Continue reading

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Are ARM loans making a comeback?

Interesting article on ARM loans from the Wall Street Journal. http://online.wsj.com/news/articles/SB10001424052702303546204579439171591130740?mod=WSJ_RealEstate_RIGHTTopCarousel&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB100014240527023035462045

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Mortgage rates on the rise but still good deal for home buyers…


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