Real Estate Consumer News » Financing

Mortgage Interest Rates Fall Again to Yet Another New Record Low

Dennis Norman — Thu, 02 Feb 2012 20:43:33 +0000

Today Freddie Mac released the results of its Primary Mortgage Market Survey, showing average mortgage rates have dropped to new all-time record lows! [...] Related posts:

Mortgage Rate Update; Should you Rent or Buy a Home?

Robert Fishel — Fri, 27 Jan 2012 22:31:11 +0000

Until recently, home ownership was no bargain compared to renting, according to Paul Diggle, a housing economist at Capital Economics. Recent data from the U.S. Census Bureau and published statistics from Thomson Datastream indicate that rising rents and falling mortgages are tipping the scales towards home ownership. The median monthly mortgage payment has fallen to about the same as a median monthly rent check. [...] Related posts:

St. Louis Mortgage Rate Update; What income is required for a mortgage?

Robert Fishel — Wed, 18 Jan 2012 23:26:28 +0000

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.(click here)

Mortgage interest rates have fallen this [...] Related posts:

Mortgage Delinquences Increase in December but are Down over 25 percent from a year ago

Dennis Norman — Tue, 17 Jan 2012 17:07:37 +0000

Mortgage delinquencies in December increased to 2.24 percent of all mortgages, a slight increase from the month before when delinquencies were at 2.22 percent but a decrease of over 25 percent from a year ago when the rate was 3.01 percent. The mortgage delinquency rate is something I pay close attention to because it is the "leading indicator" of foreclosures and foreclosures and REO's are one of the major hurdles to a recovery in the housing market. Declining delinquency rates are our first clue that the housing market is headed to a recovery. [...] Related posts:

Mortgage interest rates fall to match all time low!

Dennis Norman — Thu, 05 Jan 2012 17:33:59 +0000

This morning, Freddie Mac released the results of it's Primary Mortgage Market Survey revealing that the interest rate on a 30-year fixed rate mortgage averaged 3.91 percent, matching the all-time low! Makes me want to go out and borrow some money! :) At this time last year, the interest rate on a 30-year fixed-rate mortgage averaged 4.77 percent. [...] Related posts:

Mortgage Rate Update; Trends that will affect the housing market in 2012

Robert Fishel — Wed, 04 Jan 2012 21:02:39 +0000

The National Association of Realtors' research staff recently released its comprehensive annual report: Profile of Home Buyers and Sellers for 2011. Market researcher, Paul C. Bishop, Ph. D., Vice President and Jessica Lautz, Manager of Consumer Survey Research state that they've identified "trends that have not been seen in the last 10 years," which will affect the housing market as we enter 2012. [...] Related posts:

Mortgage Rates Finish 2011 Near Historic Lows

Dennis Norman — Fri, 30 Dec 2011 17:04:41 +0000

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS), showing average fixed mortgage rates finishing the year near their all-time historic lows. Thirty-year fixed rate mortgages averaged 3.95 percent and have been at or below 4.0 percent for the past nine consecutive weeks keeping homebuyer affordability at a near all-time high. [...] Related posts:

Hawaii homeowners have highest mortgage amounts in U.S.

Dennis Norman — Fri, 30 Dec 2011 16:08:50 +0000

Ah the beauty and splendor of Hawaii! Living in paradise comes at a price though as Hawaii, by far, leads the nation in average loan amount on a home, coming at $677,299 according to a report just released by LendingTree.com. Coming in a rather distant second is Washington D.C. at $393,453, followed by New Jersey at $344,240 and New York at $340,124. At the other end of the spectrum, Mississippi has the lowest average home loan at $137,182. The national average is $222,261. [...] Related posts:

Credit Score FAQ’s

Robert Fishel — Thu, 22 Dec 2011 21:39:28 +0000

An extraordinary 18 percent of Realtors have experienced contract failures in the last few months according to the National Association of Realtors (NAR). This is double the levels of a year earlier. One of the top reasons that cause these contract cancellations is credit issues. In many cases, understanding how the credit system works [...] Related posts:

30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent

Dennis Norman — Thu, 15 Dec 2011 16:18:47 +0000

This morning Freddie Mac released its Primary Mortgage Market Survey (PMMS) which showed average 30-year fixed-rate mortgages matched an all time record low of 3.94 percent, and there was an all-time record low rate for 15-year fixed rate mortgages. [...] Related posts: