McKinney, Allen, Frisco, Plano TX real estate
Mortgage rates couldn't fall forever, it seems. This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average, nationwide. According to Freddie Mac, 3.55 percent is the highest average rate at which the benchmark product has been offered in close … [Read more...]
Home affordability is higher than it's been at any time in recorded history. Today, home prices remain low and 30-year fixed rate mortgage rates now average 3.56% nationwide. And, at least for now, low downpayment mortgage products remain readily available. Six months from now, the markets may be different. We can't know for sure. All we … [Read more...]
30-year fixed rate mortgage rates made new, all-time lows once again this week. According to Freddie Mac's weekly mortgage rate survey of more than 125 banks nationwide, the average 30-year fixed rate mortgage rate fell 4 basis point to 3.62% nationwide. The rate is available to conforming, prime borrowers willing to pay an accompanying 0.8 … [Read more...]
It's a money-saving time to be a Collin County home buyer. Historically, mortgage rates of all types -- conventional, FHA, VA and USDA -- have never been lower. And low mortgage rates make for low monthly payments. The average 30-year fixed rate mortgage fell to 3.67% nationwide last week for borrowers willing to pay 0.7 discount points at … [Read more...]
For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows. This week, "prime" mortgage applicants willing to pay 0.8 discount points plus closing costs can secure an average mortgage rate of 3.78%, according to Primary Mortgage Market Survey from Freddie Mac This is a small improvement in … [Read more...]
The Federal Open Market Committee begins a 2-day meeting today in the nation's capitol. It's the group's third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed's adjournment. Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve sub-committee. The FOMC is the group within the Fed which votes … [Read more...]
After a brief surge north of 4 percent last month, mortgage rates have settled down, near their lowest levels of all-time. The average 30-year fixed rate mortgage rate fell to 3.88 percent this week, for applicants willing to pay 0.7 discount points plus a complete set of closing costs, according to Freddie Mac's weekly Primary Mortgage Market … [Read more...]
After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It's good news for home buyers and mortgage rate shoppers of Allen because with lower mortgage rates come lower mortgage payments. According to Freddie Mac's weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage rate fell to 3.99 … [Read more...]
Normally we think of adjustable rate mortgages (ARM) as good options when interest rates are high -- which is certainly not the case today with interest rates bouncing around at historic lows. For buyers and refinancing households , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac's weekly … [Read more...]
As mortgage rates drop, so do house payments for new loans. It's a good time to refinance your home, or buy a new one. Mortgage payments have never been more affordable in history. The average 30-year fixed rate mortgage rate is now 3.94 percent -- an all-time low -- with an accompanying 0.8 discount points, according to Freddie Mac. This … [Read more...]
If you think 30-year fixed rate mortgage rates are low today -- 15-year fixed rates represent an even greater savings, long-term. The average 15-year fixed mortgage rate is now 3.27% nationwide, according to Freddie Mac's weekly mortgage rate survey. The current 15-year product is just one tick above the all-time low of 3.26% set in October … [Read more...]
Mortgage rates have troughed. Or, so it seems. The average 30-year fixed rate mortgage is 4.00 percent nationwide -- roughly the same rate as it's been for 5 weeks - according to Freddie Mac's weekly Primary Mortgage Market Survey During that times, rates have ranged between 3.97 and 4.02 percent with an accompanying 0.7 discount points, plus … [Read more...]
Information is deemed reliable but not guaranteed.
