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mortgage prices FAQ
mortgage prices?
Apr 17, 2008 by the living christ | Posted in Renting & Real Estate
currently i have a fixed rate mortgage of 6% which runs out next year at the moment im paying £589 per month, when my mortgage is up for renewal im going to try and switch lenders but if i have to stay with the same lender it goes up to 7 .1/2 %
i would go with hondaman is has a good choice
Kristy215 | Apr 17, 2008
after fed rate cut how long before mortgage prices drop?
Sep 18, 2007 by curiousmorey | Posted in Credit
fed dropped rates 0.5% today, how long will it take for this to affect mortgage interest rates (esp 30 year interest only), if at all?
i noticed they went down a tiny bit today, but not nearly as much as the fed dropped whatever rate the press was
rates have dropped for 30yr fixed mortgages...
30yr fixed are at 5.875% with 1origination fee.
the borrower must have good equity or at least 5% down for purchases. Of course they will need to have over 720 credit scores.
Carolinahomerates.com | Sep 18, 2007
u may live long enough.
what they dropped is prime and really will not affect 30 yrs given the housing and mortgage corrections coming.
robert w | Sep 18, 2007
Do we need lower mortgage rates or lower home prices?
Oct 28, 2010 by Christopher | Posted in Politics
We need lower home prices not lower mortgage rates. We built too many homes.
By printing off money and keeping home prices inflated, homes are STILL being constructed. See how they delay recovery?
Obama said he was going to help those in foreclosure - he didn't. Foreclosed homes are being bought by foreigners because they are seen to be more "affordable" than property in their own countries. Comforting isn't it.
Di | Oct 28, 2010
mortgage prices news
FHA ready to ease rules for mortgages on condos
21.05.12
ASHINGTON — Thousands of condo unit owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying changes to its controversial condominium rules that have rendered large numbers of units ineligible for low down-payment insured mortgages.
Source: Boston Herald
Pledging 'heavy burden'
21.05.12
Prolonged implementation of the government's rice mortgage scheme will only serve to hurt the economy to the tune of at least 70 billion baht, say academics.
Nipon Poapongsakorn, chairman of the Thailand Development Research Institute (TDRI), said extending the scheme for three or four years would result in severe economic damage and place a heavy burden on fiscal expenses.
Source: Bangkok Post
mortgage prices about
Need for rate rise 'reduced'
Sydney Morning Herald - May 01, 2011
The big four banks - Commonwealth Bank, Westpac, ANZ and National Australia Bank - have pushed through rises of between 1.1 per cent (NAB) and 1.29 per cent (Westpac) to their standard variable mortgage rates since January 2008, when their own cost of
Mortgage rates at six-week low
Bizjournals.com - Apr 29, 2011
Long-term mortgage rates have fallen to their lowest level in six weeks on more weak housing news. A 30-year fixed-rate mortgage averaged 4.78 percent this week, down from 4.8 percent last week, according to Freddie Mac. A 15-year fixed-rate mortgage
Mortgage Rates Remain Stable at Near Historical Lows
Personal Finance Bulletin - Apr 30, 2011
The low mortgage rates continue this week. The Fed made a statement that it is going to keep the rates near these low levels. These rates vary depending on geographic location. One type of mortgage is the 30-year fixed rate. According to Bankrate.com,
Thank Ben Bernanke for keeping rates low
Rochester Democrat and Chronicle - May 01, 2011
The Fed's policies have helped keep mortgage rates extremely low. The average 30-year fixed-rate loan now carries a 4.78 percent rate. Jim Condello, regional sales manager at M&T Bank and president of the Mortgage Bankers Association in Rochester,
Mortgage Rates Fall, Pending Home Sales Rise
Consumer Affairs - Apr 28, 2011
Meanwhile, those home buyers who are able to qualify for mortgages are getting lower interest rates. Freddie Mac reports the average mortgage rate continues to fall because of the stagnant housing market and a slowdown in economic growth.