Average Loan to Value Ratios Projected to Hit 109%
Home prices have fallen 18% since 2006 and could drop another 10% in 2009, which means the average mortgage could be “underwater” soon, according to a former Fannie Mae executive who served as the...
View ArticleMortgage Rates Lowered
According to Web site Zillow.com. the national average interest rate for a thirty-year fixed rate home loans dropped last week, with Georgia remaining the state offering the lowest mortgage rates. For...
View ArticleLow Mortgage Rates Continue
Mortgage rates were lowered slightly today for conventional and fixed rate FHA mortgage loans. Mortgage interest rates continued their trend with 30-year fixed rate home loans being reported under 5%....
View Article30-Year Mortgage Rates Creep Up
According to CNN Money, mortgage loan rates were mixed this week, with the average 30-year ticking higher, according to a report released Thursday. FHA rates remain low as new homebuyers are...
View ArticleMortgage Rates Spike
A significant rise in mortgage rates is threatening to undermine the already shaky real estate market and toss sand into the gears of the Government’s plans to rescue the economy. Beginning last fall,...
View ArticleThirty Year Mortgage Rates Continue to Rise
Mortgage interest rates on U.S. 30-year fixed-rate mortgages rose to 5.57 % a few days after hovering around 5.47% earlier in the week. According to Zillow Mortgage the rate are down sharply from the...
View ArticleTrend Upward for Mortgage Rates
The average rate on a 15-year fixed mortgage dropped to 4.81 % from 4.93 % the prior week. The rate on a one-year adjustable mortgage loans decreased to 6.52 % last week from 6.54 %, according to the...
View ArticleCurrent Mortgage Rates
Current mortgage interest rates are up this past week brought on by higher Treasury rates, 10-year U.S. Treasury rates rose from about 3.30 % to 3.65 % this week. Today’s mortgage interest rates remain...
View ArticleFed Chief Talks Mortgage Rates and More
Today on Capitol Hill, Fed Chairman Ben Bernanke continued his testimony before Congress and is taking a lot of heart from many of the Senators are questioning some of his past action and future plans....
View ArticleMortgage Loan Application Activity Slowing
According to the Mortgage Bankers Association home loan rates hopped last week and the response was less mortgage applications. The volume of mortgage loan applications declined 3.5% compared with the...
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