Posts belonging to Category Mortgage Rates

US Mortgage Rates at Rock Bottom

What is going on in the US housing market as the US Mortgage Rates hit rock bottom but is unlikely to revive the sales as the home market is flat on the floor. US Mortgage Rates at Rock Bottom Latest official report  – quote – Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.96%, down from 3.07% […]

US Mortgage Rates Hit 50 Year Low

It had to happen as the bottom has dropped out of all the financial markets, now home mortgages hit the floor. US Mortgage Rates Hit 50 Year Low Official Report – quote – That was the lowest in more than 50 years, Freddie Mac said. The average 15-year rate fell to 3.36 percent from 3.5 […]

US Mortgage Rates set for Roller Coaster Ride

The fallout from the miserable way the US government has handled the debt crisis looks likely to effect the housing market and US Mortgage Rates set for Roller Coaster Ride This is because raising the debt ceiling has created a raft of new problems, Wall Street is in free fall this last week. Analysts are […]

Mortgage Applications rise 15.5 percent in the week ended July 15

The US mortgage market unexpectedly springs back to life as Mortgage Applications rise 15.5 percent in the week ended July 15 Official reports – quote –  After dropping our consecutive weeks, the Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity rose 15.5 percent in the week ended July 15, 2011. – more – […]

Mortgage Bankers Association say mortgage applications down last week

US  mortgage applications are down last week again as they fell 5.2 percent last week Mortgage Bankers Association say mortgage applications down last week More details  MBA – quote – “Refinance activity, already constrained by a smaller pool of eligible borrowers, declined in response to the higher rates, but purchase applications picked up appreciably in […]

Current US mortgage interest rates higher

The average 30-year fixed rate mortgage  – FRM jumped two basis points to 4.506 percent Current US mortgage interest rates higher Bank of America raised their base rate eight points to 4.63 percent. Chase raised their 30-year FRM nine basis points to 4.83 percent. The average 15-year fixed rate mortgage jumped two basis points to […]

Seven consecutive weeks US Mortgage Rates Fall

How many times do we say the US house mortgage rates have fallen once again yet the US home market is still in the rank, Now after seven consecutive weeks of falling mortgage rates house sales are still virtually static. Seven consecutive weeks US Mortgage Rates Fall Moreover there is no confidence forthcoming from executives […]

$80 Billion Secretive Loans to Banks for only 0.01%

Monopoly money well not exactly but the Federal Reserve certainly never consider about the ordinary residents of the US when they process Secretive Loans to Banks for only 0.01%. Outrageous but true! $80 Billion Secretive Loans to Banks for only 0.01% Federal Reserve – quote – The $80 billion initiative, called single-tranche open- market operations, […]

Mortgage Rates Edge Higher Yet Again

Most people accept that life is often like a ‘rollercoaster’ and they get on with it, But what frustrates folks is the ups and downs of US House Mortgage Rates, seeing rates seesaw on a whim and with no prior notice often rocks the financial budgets of home buyers. Mortgage Rates Edge Higher Yet Again […]

Seller Finance back as House Mortgage Option

Owner Finance aka Seller Finance was very popular in the 1980s when up to 15 percent of all house sales were seller financed. Now in the slump of this decade owner finance is making  a comeback. Seller Finance  back as House Mortgage Option When as is the case today in 2011 when the house selling […]