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Archive for the ‘Mortgage Rates’ Category:

Mortgage Rates Stall, Drop Below 2013 Levels

Posted in Mortgage News, Mortgage Rates | July 30, 2014

Here’s a pleasant real estate surprise, mortgage rates are now lower than at this time in 2013. According to Freddie Mac, 30-year fixed-rate mortgages averaged 4.13 percent for the week ending July 17, 2014. A year ago the same loans were priced at 4.37 percent. The falling rates were hardly expected. A forecast from the National Association of Realtors estimated that mortgage rates this year would reach 5.4 percent. The forecast from the National Association of Home Builders was not much different, a prediction of rates above 5 percent for 2014 and rising to 5.5 percent in 2015. Lower mortgage rates are surely good for real estate. As rates go down affordability improves and that makes both ownership and refinancing more attractive. Reason Mortgage Rates Are Down So why have rates

Rates on the Rise? Low Mortgage Rates May Have a Limited Shelf Life

Posted in Mortgage Rates | June 13, 2014

Mortgage rates ticked upward slightly in the first week of June, but are still lower than they were at the end of 2013. Anyone looking to take advantage of low rates should act quickly though, because there are multiple signs that this valuable opportunity could be short lived, and it may be quite some time before rates are seen this low in the foreseeable future. Recent Mortgage Rate Changes Prior to rising in early June, 30-year fixed mortgage rates had fallen for five consecutive weeks. Those rates are now at 4.14 percent, according to mortgage finance company Freddie Mac. When the year began, rates were 4.48 percent, so after rising last year, home loan rates have been on a downward track so far in 2014. Lower home loan rates reduce

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