Category Archives: Mortgage Rates

Mortgage Rates Again at Historic Lows

Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic […]

Also posted in Chicagoland Real Estate News, FHA Loans, For Buyers, Mortgage Guidelines, Move-Up Buyers | Leave a comment

How Will Mortgage Rate Hikes Impact Home Sales?

When mortgage interest rates begin to climb, experts immediately begin to discuss home affordability indexes. They calculate how an increase in rates will slow home purchases as more and more potential buyers are priced out of the market. Today, with home prices also increasing, many believe that home sales may slow down rather dramatically.   […]

Also posted in Chicagoland Real Estate News, For Buyers, Interest Rates | Leave a comment

Mortgage Rates Just Jumped Over 4%. Now What?

Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac‘s Mortgage Market Survey. In an article in Housing Wire, a Bankrate analyst explained: “Mortgage rates rocketed higher following a stronger than expected monthly employment report. The good news on the job front further solidifies the […]

Also posted in Chicagoland Real Estate News, Credit Scoring, FHA Loans, For Buyers, Homeownership, Interest Rates, Mortgage Guidelines | Leave a comment

Is Getting a Mortgage Getting Easier?

There has been a lot of discussion about how difficult it is to get a home mortgage in this market. There is no doubt that the process is not as easy as it was eight to ten years ago and that’s probably good news. However, it does appear that availability to mortgage money is increasing […]

Also posted in Chicagoland Real Estate News, Mortgage Guidelines | Leave a comment

Freddie Mac’s New 3% Down Program

Today, Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years. The program is called Freddie Mac Home Possible AdvantageSM. In a recent Executive Perspectives, Dave Lowman EVP, Single-Family Business Freddie Mac, […]

Also posted in For Buyers, Mortgage Guidelines, Renters | Leave a comment

Don’t Let Your “Luck” Run Out

The 30-year fixed mortgage interest rate is currently still below 4%. Many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year, believing they still have time to lock in a low rate. If you look at what the experts are predicting over […]

Also posted in FHA Loans, Personal Finance | Leave a comment

What’s Ahead For Mortgage Rates This Week: February 11th, 2013

Mortgage rates worsened for the week ending February 8, 2013 in response to strong economic data in the US and abroad.

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What’s Ahead For Mortgage Rates This Week : February 4, 2012

Mortgage rates worsened last week amid evidence of an improving economy.

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What’s Ahead For Mortgage Rates This Week : January 28, 2013

Mortgage rates rose last week as investors gained confidence in the global economy

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What’s Ahead For Mortgage Rates This Week : January 14, 2013

Mortgage rates rose last week nationwide during a week of sparse economic news.

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