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13 January 2012
Mortgage Rates drop to record lows...track the yield on the 10 year treasury note
Record Rates: Rate on 30-year mortgage drops to record 3.89 pct.--Average rate on 30-year fixed loan dips to 3.89 pct., 15-year drops to 3.16 pct. >Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below Read More...
27 June 2011
Mortgage Loans rates move lower after weak job report
Freddie Mac recently released the results of its Mortgage Market Survey, which showed weaker than expected job growth in May 2011 pushing both fixed and adjustable-rate mortgages to new lows for the year. The 30-year fixed averaged 4.49% and the 15-year Read More...
23 February 2010
Jumping into the Housing Market?..consider this:
If you have a good job and good credit, the next few months might be a good time to go house hunting. Fence-sitters take the risk that Congress may let a rich tax credit expire, and that interest rates may rise. Buyers and sellers should consider the Read More...
13 November 2009
Rates Will Inch Up in 6 months...Watch!
The latest monthly outlook suggests no change in short rates for the next six months and only a slight increase in yield for the benchmark 10-year Treasury rate. For the time being the risks remain on the upside, however, for long rates as volatility Read More...
25 September 2009
Interest Rate Update & Search the MLS like an Agent
Interest Rate Update: Current Trend Direction:Moving Sideways Risks Favor: Locking on the Dips Mortgage rates started off this week slightly lower , despite the fact that stocks continued their climb, spurred on by some positive economic data from retail Read More...