Dec 28th 2010 6:30AM
With mortgage interest rates traveling for months between around 4.2% to around 4.45%, mid-December suddenly brought new spikes with rates spiking as high as 5.19%, a six-month high. The sudden yo-yo has left many consumers (and even experts) scratching their heads: Are mortgage interest rates really going up?... Continue Reading »
Jan 25th 2010 1:29PM
Home-buyers have been enjoying rock-bottom mortgage interest rates. But several key factors threaten to disrupt the low rates, as well as the budding housing recovery. It has the makings of a perfect storm: The Federal Reserve may stop propping up the marketplace at the end of March. The home buyer tax credit ends April... Continue Reading »
Dec 21st 2009 8:00AM
An Adjustable-Rate Mortgage that only goes down? Sounds too good to be true. But that's what a Virginia startup is promising. But first, the background. If you've refinanced your mortgage without paying closing costs, there's a good chance that you're still paying for the privilege, in the form of a "yield spread... Continue Reading »
Dec 17th 2009 2:39PM
If you think the tiny bump up in interest rates over the last week was bad, wait till you see rates a year from now. No one can predict the future, of course, but there's good reason to think that average interest rates for 30-year home loans will be well above 5 percent or even 6 percent by the end of 2010. The average... Continue Reading »
Dec 13th 2009 11:00AM
Average interest rates crept up from last week's record low, according to the economists at Freddie Mac. The average interest rate for a 30-year home fixed-rate mortgage climbed to 4.81 percent, according to the Freddie Mac's Primary Mortgage Market Survey, released December 10. That's up from 4.71 percent the week... Continue Reading »
