Mack's Blog

Thankfully, Rates Drop
The first decline in five weeks drove mortgage interest to near historically low levels once again as the 30-year fixed rate averaged 5.07 percent for the week ended April 15, down from 5.21 percent a week earlier. Freddie Mac also reports that the 15-year fixed rate averaged 4.40 percent, down from 4.52 [...]

Thankfully, Rates Drop
The first decline in five weeks drove mortgage interest to near historically low levels once again as the 30-year fixed rate averaged 5.07 percent for the week ended April 15, down from 5.21 percent a week earlier. Freddie Mac also reports that the 15-year fixed rate averaged 4.40 percent, down from 4.52 [...]

Mortgage rates rose to 5.08 percent last week from 4.99 percent a week earlier, pushing the average interest rate offered on 30-year fixed-rate mortgages to its highest level since the first week of 2010, according to Freddie Mac. The increase in mortgage rates occurred as long-term interest rates rose higher due to concerns about [...]

Freddie Mac reported slightly higher mortgage rates last week, with the average interest on a 30-year fixed loan topping off at 4.99 percent from the previous week’s 4.96 percent and from 4.85 percent a year ago. Rates on 15-year fixed loans, meanwhile, bumped up to 4.34 percent from 4.33 percent a week earlier but [...]

Long-term mortgage rates climbed above 5 percent this past week, as 30-year, fixed loans averaged 5.01 percent compared to 4.98 percent the previous week, according to Freddie Mac. Average interest on 15-year, fixed loans rose to 4.40 percent from 4.39 percent; and five-year, adjustable-rate mortgages climbed to 4.27 percent from 4.25 percent. One-year [...]

Rates Still Low, Nearly Flat
Mortgage interest for the past week held fairly close to the previous week’s rates, reports Freddie Mac. Average interest on 30-year fixed loans slipped a notch to 4.98 percent from 4.99 percent and was down from 5.10 percent a year ago. While still higher than the historic lower of 4.71 [...]

A Poem Worth Reading

He was getting old and paunchy And his hair was falling fast, And he sat around the Legion, Telling stories of the past. Of a war that he once fought in And the deeds that he had done, In his exploits with his buddies; They were heroes, every one. [...]

Long-term mortgage rates bumped up slightly this past
week, but
they remain near record lows. Freddie Mac reported that average
interest on a 30-year fixed loan was 5.14
percent, up from 5.12 percent a week ago. Rates for
15-year home loans, meanwhile, rose to 4.58 percent from 4.56
percent last week.
[SOURCES: Freddie Mac; Information, Inc.]

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.22 percent during the week ended Aug. 6 from 5.25 percent the prior week. Over the same period, the 15-year fixed-mortgage rate slipped to 4.63 percent from 4.69 percent. As for adjustable-mortgage rates, the five-year fell to 4.73 percent from 4.75 percent, and [...]

Several changes are making the Homeownership Choices offered by Tennessee Housing Development Agency (THDA) even more affordable today.
The mortgage interest rates have been lowered on Great Rate/Save, Great Advantage and Great Start, and THDA is making the federal tax credit useful at time of closing.
• The Great Rate interest rate is 5.20%.
• [...]