Posts with tag Mortgage rates

By Diana Olick Mortgage rates today are very low, but U.S. borrowers have a very short memory. They forget that the rate on the 30-year fixed, which sits around 3.6 percent today, was a full percentage point higher a year ago, and above 5 percent in January of 2010. The purchasing power gained through today's low rates... Continue Reading »

By Kirk Haverkamp When most people start shopping for a mortgage, the first thing they do is look for the lowest interest rate they can find. And that can get them into trouble. A low interest rate can save you money, obviously. But it's only part of the story. If you're not careful, you could easily end up paying... Continue Reading »

Even today, a popular type of mortgage financing comes with a 30-year term and fixed interest rates, but another loan type is growing far more popular as a result of the continued low interest rates available nationwide. These days, consumers are slowly beginning to favor 15-year fixed-rate mortgages over their 30-year... Continue Reading »

Home affordability has been high for much of the year, as mortgage rates have been at less than 4 percent for all but one week in 2012, and that trend continued in the period ending Dec. 7 as well. At the end of that week, home loan rates slipped to just 3.47 percent on 30-year fixed loans, according to the latest data... Continue Reading »

By Christopher S. Rugaber WASHINGTON -- A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market. Core Logic also said Tuesday that prices declined 0.2 percent in October from... Continue Reading »