Categories

Event Calander

February 2012
MTWTFSS
«Nov  
 12345
6789101112
13141516171819
20212223242526
272829 
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

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 [...]

Rates Bumped Up Slightly

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,[...]

Rates Ease Up Slightly

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 [...]

Changes in THDA Mortgage Program Announced

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

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 [...]

A Small Drop in Rates

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,[...]

Rates Rise,But Still Under 5

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 [...]

30-Year Rates Hit Record Low!

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 [...]