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If you’re thinking of buying a home or refinancing your current mortgage, you may have a once in a lifetime opportunity! 30 year fixed rate mortgages have reached shockingly new lows. Mortgage rates are so low now that they may justify your taking on mortgage debt in a strategic move to lock in today’s minuscule [...]
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Mortgage rates in the US hit historic lows this week as fears of new economic weakness and stubbornly high unemployment drove rates down again. 30-year fixed-rate mortgages averaged a staggeringly low 4.49 percent according to the newest data released Thursday by Freddie Mac. Lowest mortgage rates in over 50 years Financial commentators said Friday that [...]
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Take a second to Google “Loan Quality Initiative.” I did and found over 365,000 results on this currently hot topic in the real estate profession. Pay attention to this reform from Fannie Mae Fannie Mae recently implemented a reform that may cause trouble for home closings across the US. With so much information and commentary [...]
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Mortgage interest rates dropped to near 50 year lows this past week as institutional investors shifted assets from stocks to US Treasuries in the face of worries about continued European financial instability. If you are looking to buy a home or refinance your existing home loan, this is an excellent time to take advantage of [...]
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Back at the start of the year, there was widespread alarm in the media that mortgage interest rates were poised to rise steeply in early 2010. Despite the dire predictions from many financial experts, rates today remain near record lows. Don’t rely on the experts for your near-term plans That goes to show that it’s [...]
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Freddie Mac announced late last week that the average rate for 30 year fixed rate mortgage loans fell to 4.99%, marking the third week in a row that rates declined in the US. As tracked by Freddie Mac, 30 year fixed mortgage rates have fluctuated in a very narrow range since last September, hovering around 5%. [...]
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Low mortgage rates are causing a spurt in mortgage applications this December. 30 year fixed rate loans averaged 4.81% this week, continuing a year-long run of historically low mortgage interest rates. Freddie Mac reported on Thursday that the average interest rate for 30 year fixed rate mortgages remained below 5% for the sixth straight week. [...]
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The average interest rate charged for 30 year fixed-rate mortgages in the US slipped below 5% again in mid-November. The easy money policies adopted by the Federal Reserve are continuing to keep US interest rates abnormally low. Low rates stimulate economic growth and help home sales America’s fiscal policy makers want low interest rates to [...]
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The Massachusetts real estate market got some very good news this week. Freddie Mac announced Thursday that the average interest rate for 30-year-fixed-rate mortgage loans has fallen to near-record lows. Average interest rates for other mortgage loan products also sit at or near all-time lows according to figures released by Freddie Mac. 13% decline from [...]
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The average rate for a 30 year fixed-rate mortgage dropped a bit this week despite the release of an economic report that showed less weakness that expected in the overall US economy. Signs of economic strength usually send mortgage rates higher, but such was not the case in this instance. Freddie Mac reported that the [...]
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Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
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Franklin, MA 02038
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