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Category Archives: Mortgage Rates
California home prices soar to new highs
California home prices soar to new highs By Christina Mlynski, HousingWire.com • June 17, 2013 California home prices increased by the most in 33 years as a result of strong sales growth in higher-priced markets and continued housing supply … Continue reading
What’s Ahead For Mortgage Rates This Week – June 17, 2013
Last week’s news was relatively quiet with no data significant to real estate and mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May. Continue reading
3 Critical Tips To Improve Your Credit Score And Mortgage Terms
Improving your credit score before searching around for a mortgage will ensure that you get the best rate possible. But what can you do to improve your credit score?
Here are three tips that can help you improve your credit score and your mortgage. Continue reading
What’s Ahead For Mortgage Rates This Week — June 3, 2013
This weekâs financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) released on Tuesday. Continue reading
Posted in Housing Analysis, Mortgage Rates
Tagged Financial Reports, Housing Analysis, Mortgage Rates
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Fed Meeting Minutes Expose Rising Interest Rate Risk
Minutes of the Federal Open Market Committee recently released may have a significant impact on mortgage rates going forward. One significant development from the meeting suggests that the present quantitative easing program may be modified in the near future. Continue reading
What’s Ahead For Mortgage Rates This Week – May 20, 2013
Looking ahead, economic news for this week includes the Existing Home Sales report for April with an expectation of 5.00 million homes sold on a seasonally-adjusted annual basis against the March tally of 4.93 million homes sold.
Also set for release on Wednesday are the Federal Open Market Committee (FOMC) Minutes for the meeting held April 30 and May 1. Continue reading
What’s Ahead For Mortgage Rates This Week – May 13, 2013
Mortgage rates rose last week with average rates a 30-year fixed rate mortgage rising from last week’s 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points. Continue reading
What’s Ahead For Mortgage Rates This Week – May 6, 2013
Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Continue reading
Housing Recovery Shows Up In Job Gains
Housing Recovery Shows Up In Job Gains —By CNBC’s Diana Olick, Friday, 3 May 2013 … Continue reading
What’s Ahead For Mortgage Rates This Week – April 29, 2013
Mortgage rates fell again last week and are again near record lows.
According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.
The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent. Continue reading