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Mortgage rates continue to drop

Posted on 04. Sep, 2010 by admin.

Mortgage rates continue to drop
National mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. Rates in Greater Cincinnati, meanwhile, set a new 25-year low for the third time in the last eight weeks.
Read more on The Cincinnati Enquirer

Mortgage Rates Hit Decades-Low of [...]

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Mortgage rates hit low of 4.36 percent

Posted on 29. Aug, 2010 by admin.

Mortgage rates hit low of 4.36 percent
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent this week, down from… Freddie Mac – [...]

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If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?

Posted on 13. Aug, 2010 by admin.

If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?
“Lower than prime,” you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible “floor” of lending rates. The very best customers can [...]

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What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?

Posted on 26. Jun, 2010 by admin.

Question by Christopher: What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?
The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?
Banks were not getting their money back from home owners, causing a credit crunch, thus [...]

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What are Mortgage Rates Like in Colorado? are They Different?

Posted on 12. Jun, 2010 by admin.

What are Mortgage Rates Like in Colorado? are They Different?
Colorado mortgage shopper may wonder, while they are shopping around for a loan, if there are different mortgage rates in the state? —? higher or lower than the rest of the nation. The basic answer is no, when you compare rates for mortgages in Colorado to [...]

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