| Permalink 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 [...] 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 [...] 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,[...] 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%. • [...] Rates Jump Higher Freddie Mac reports a jump in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent during the week ended June 4,up from 4.91 percent the prior week. The 15-year fixed rate also increased,rising to 4.79 percent from 4.53 percent,with Freddie Mac chief economist Frank Nothaft indicating [...] Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended April 16 from 4.87 percent the prior week,while interest on 15-year fixed loans fell to an average of 4.48 percent from 4.54 percent. The five-year hybrid adjustable mortgage rate slipped to 4.88 percent from 4.93 percent,[...] Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.87 percent during the week ended April 9 from record lows posted during the last couple of weeks. The 15-year fixed mortgage rate climbed to 4.54 percent from 4.52 percent. Meanwhile,the five-year hybrid adjustable rate bumped up to 4.93 percent from [...] With the Federal Reserve planning to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries,Freddie Mac reports a drop in long-term mortgage rates. The average interest on a 30-year loan fell to a 38-YEAR LOW OF 4.85 PERCENT during the week ended March 26 from 4.98 percent the prior [...] | |