30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent In Freddie Mac's results of its Primary Mortgage Market Survey® (PMMS®), the average fixed mortgage rates at or near their all-time lows. The 30-year fixed matched the average all-time record low of 3.94 percent, and a new all-time record low was set for the 15-year fixed, both previously set in the October 6, 2011 Freddie Mac PMMS. The 5-year ARM also set a new all-time record low at 2.86 percent for the … [Read more...]
Don’t Be Mystified By The Mortgage Maze
February 22, 2011 By
Years after the housing market tanked and sank the economy, more than 70 percent of Americans say getting a mortgage today is a serious national problem, according to a new study by MortgageMatch.com, a home loan and information site operated by Move, Inc. According to the MortgageMatch.com survey, today's lending environment is so confusing many borrowers are experiencing high levels of stress and frustration. More than one in five recent home buyers (20.9 percent) told MortgageMatch.com, … [Read more...]
Mortgage Rate Update
February 4, 2011 By
Mortgage Rates: Best Execution Rises Before Jobs Data It's been about a month since the last Employment Situation Report was released. What we had to say about it then is pretty much the same thing we have to say about it now. The only real difference is mortgage rates were closer the middle of a tight range heading into the last Jobs report whereas this time, they're at their worst levels since mid-December. Most of that pain has played out over the past two days... On conventional … [Read more...]
Credit Report Tip Of The Day !
July 27, 2010 By
Are You Monitoring Your Credit Report ? These days you hear a lot about monitoring your credit report, looking for signs of identity theft. As important as that is, my tip for the day comes as a result of working with one of my clients. Here is a situation where just checking to insure that all the lines of credit could be accounted for was not sufficient to explain the trouble he was having with his credit score. Anyone who has tried to read a credit report, quickly discovers that there is a … [Read more...]