Sep 22nd 2011 11:10AM
WASHINGTON -- Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates. The average rate on the 30-year fixed mortgage was unchanged at 4.09 percent this week, Freddie... Continue Reading »
Aug 5th 2011 12:25PM
WASHINGTON - The average rate on a 15-year fixed mortgage has fallen to a record low, leading to an increase in refinancing applications. But cheaper loans are unlikely to lift the struggling housing market or boost the weak economy. The rate on the 15-year loan, a popular refinancing option, dropped to 3.54 percent this... Continue Reading »
May 24th 2011 10:45AM
As mortgage interest rates dangle near record lows, more homeowners are doing away with their 30-year loans in favor of shorter alternatives, reports the L.A. Times. And when you can get away with a seven-year fixed-rate mortgage for just 3 percent, why not? That is, provided you have the cash to take advantage of this... Continue Reading »
Mar 9th 2011 12:17PM
Until recently, the only dilemma for home loan seekers was what kind of mortgage to take on: a 30-year fixed rate mortgage or adjustable rate (ARM). A gentle upward climb of current mortgage rates -- as well as home prices -- was looking inevitable. The smart money was predicting that home prices had dropped as low as they... Continue Reading »
Feb 14th 2011 12:12PM
Mark Shapiro, owner of a public relations company in San Diego, went shopping last month for a mortgage to buy a house near Poway, Calif. Shapiro, pictured left, had every intention of following his mortgage broker's advice and choosing a 30-year fixed-rate mortgage. But then he looked at the difference between what he'd... Continue Reading »
