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Investor's Business Daily - Even before Tuesday's 0.75% slash in the federal funds rate by the Federal Reserve, mortgage rates had been sliding. Last week's cut pulled down home loan rates more.
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Freddie Mac of McLean, Va., said Friday long term mortgage rates inched higher during the week ending Dec. 2. Freddie Mac said the rate on the popular 30-year fixed-rate mortgage loan rose to an average 5.81
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Interest rates on US 30-year and 15-year mortgages edged higher this week amid signs the economy is improving, stoking inflation concerns, mortgage finance company Freddie Mac said on Thursday.
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YESTERDAY Close $60.07 Change -$3.18 52-WEEK High $71.92 Low $54.97 Freddie Mac, the nation's number two buyer and backer of home mortgages, set aside more than $300 million in the second quarter to account for bad loans, contributing to a 45 percent drop in profit.
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Investor's Business Daily - The Mortgage Bankers Assn. index of applications to buy or refinance a home fell 7.3% last week to 636.4 amid higher interest rates. It was the biggest drop in 4 months. The average 30-year fixed rate rose to 6.32%, the highest since Oct., from 6.23% the week before.
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Interest rates on U.S. 30-year and 15-year mortgages edged higher this week amid signs the economy is improving, stoking inflation concerns, mortgage finance company Freddie Mac said on Thursday.
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Mortgage rates rose about one-tenth of a point this week, Freddie Mac said Thursday. The 30-year fixed-rate mortgage (FRM) averaged 5.82 percent this week, with an average 0.6 points, up from last week when it averaged 5.72 percent.
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Dopo dato su disoccupazione Usa molto peggiore del previsto
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Some of you have purchased homes before, so you know a bit about how the process works: Mortgage Approval, Appraisals, Surveys, Title Searches, Purchase Agreements, Stipulation Sheets, Closing, Whining, Bickering, Signing 1,000,000 pages, Moving, blah blah blah...  Even though it's a scary thought when you first start, and you've probably heard enough horror stories to not want to go through the process, it's really not that bad. It's actually pretty easy if you take a little time and learn about it. It makes more sense than most college curricula, and it doesn't take a genius to figure it out. Literally anyone can play the game if they have a dedication to making things happen. This is an introduction to real estate investing using my 4 years of personal experience as a guide. While all of my experience has been on the U.S. side of the pond, I'm sure enough of this information will apply to everyone to make it worthwhile.
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Giving up on your mortgage might seem easy, but how smart is it?