Mortgage Rates: 30-Year Fixed Rate Slips To 3.54%
By Dan Green | Reposted from themortgagereports.com Conforming mortgage rates slipped this week as the Refinance Boom continues. According to Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS), a poll of more than 100 banks nationwide, the average 30-year fixed rate mortgage rate fell 3 basis point to 3.54% this week. The rate is available [...]
WEDNESDAY UPDATE: 03/20th
Today’s FOMC adjournment and economic projections yielded little surprises. The meeting adjourned with no change to key short-term interest rates and the Fed outlook on the economy is slightly weaker than previously estimated. Their prediction for Gross Domestic Product (GPD) growth is now between 2.3% and 2.8% while they believe that the U.S. unemployment rate [...]
New Homeowners Guide: How to Buy a House and Get a Mortgage
By Dan Green | Reposted from themortgagereports.com The U.S. housing market is in recovery, and home sales are expected to rise through 2013 and into next year. If you’re among the many people planning to buy a home this year, be sure to understand the actual process of it all — especially with respect to your [...]
What’s New in the Mortgage Market in 2013
By Ilyce R. Glink | Reposted from Yahoo! Homes The new year has brought even more changes to the mortgage market. New and evolving lending standards mean borrowers need to pay more attention to debt and credit when shopping for a loan. And even lower interest rates mean homeowners and new home buyers alike should [...]
Mortgage Rates: The Last Breath Of The 2009-2013 Refinance Boom?
By Dan Green | Reposted from themortgagereports.com Despite day-to-day volatility, the broader mortgage market has been in a 3-week standstill, as 30-year fixed-rate mortgage rates went unchanged again this week according to data from Freddie Mac. The average 30-year fixed rate mortgage remained at 3.53%; the average 15-year fixed held at 2.77%. The mortgage refinance [...]
Mortgage Rates Improve after yesterdays January 2013 FOMC Statement
Reposted from http://themortgagereports.com by Dan Green This week’s FOMC meeting has adjourned with no change to key short-term interest rates or the Fed’s bond buying program. The lack of a change to interest rates was widely expected, but there was a lot of debate about the Fed maintaining their current stimulus programs. The news of [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 1/28th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it is difficult to say exactly which day will probably have the most movement in mortgage rates, but Wednesday and Friday are certainly the best candidates. Wednesday has the GDP and FOMC meeting while Friday’s agenda includes two highly important releases in the Employment [...]
Experts Predict Path of Mortgage Rates in 2013
Reposted from Bankrate.com | Published January 11, 2013 Expect mortgage rates to be higher at the end of 2013 than at the beginning of the year. That’s the consensus among mortgage experts whose opinions were solicited at the end of 2012 by Bankrate.com. Here is what mortgage lenders, economists and Bankrate’s journalists had to say [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 1/7th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it would be easy to say this will be a calm week for the mortgage markets due to the lack of important or highly influential events scheduled. I would not be surprised to see stocks move lower for the week, helping to push funds [...]
To Givers of Down Payments
Reposted from the New York Times By LISA PREVOST HOME buyers trying to scrape together enough money to cover the typical 20 percent down payment frequently look to relatives for help. In a National Association of Realtors survey of people who bought homes from July 2011 to June 2012, about a quarter of first-time buyers [...]
bc@smarterborrowing.com 617.771.5021
