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CD and savings rates showed virtually no movement over the past week. Mortgage rates have decended over the past three weeks, touching lows not seen since last April when the Fed began buying up...
One of the big mortgage stories of the financial crisis is the growth of FHA loans as a replacement to conventional mortgage loans and as a replacement to sub-prime loans. According to data from...
Savings and CD Rates showed little change from a week ago even as the average 30 year mortgage rate dipped a bit. With low inflation and an economy stuck between reverse and first, there's little...
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 23, 2009. The Market Composite Index, a measure of mortgage loan...
Data through August 2009, released today by Standard & Poor’s for its Home Price Indices show that the annual rate of decline of the 10-City and 20-City Composites improved compared to last...
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week...
Good news for prospective home buyers: You can find 30-year mortgages for less than 5% again. But those rates may not last. And these days it's almost impossible to lock in a rate while you hunt...
Increases in mortgage rates typically suggest some recovery within the financial markets because as people begin to increase borrowing, mortgage rates tend to increase. However, any substantial...
Largely echoes and supports the Fed's strategy of leaving interests rates and programs to help revitalize the real estate market in place until there is some sustained growth and improvement.
This is good news and necessary to sustain the pockets of stabilization in the housing market. However, I've read another article which suggests interest rates could creep up to 6% within the next...
As mortgage lenders loosen up the credit and more homebuyers begin to take advantage of various incentives, we may see an increase in rates within the next few months. Right now is a great time to...