Mortgage Rate News
October 13, 2011 by Monica McNamara · Leave a Comment
Mortgage Rates on the Rise, But Still Near Historic Lows October 13, 2011 (www.bankrate.com) Via Paul Soule, Coldwell Banker Home Loans. Mortgage rates climbed this week after investors became less pessimistic about the financial crisis in Europe and the employment market in the United States. But rates remain near all-time lows and are expected to [...]
Home Mortgage Rate Update
May 5, 2011 by Monica McNamara · Leave a Comment
Bin Laden’s Death and European Debt Crisis = Good News for Mortgage Rates May 5, 2011 One factor that may contribute to keeping rates low for now is the fear of potential retaliation from terrorist groups after the death of Osama bin Laden. The United States kept its official threat level unchanged after the al-Qaida [...]
Let’s Talk Mortgage Interest Rates
March 28, 2011 by Monica McNamara · Leave a Comment
The latest mortgage information shows that interest rates were up slightly this past week. Still very affordable rates. They remain at near historic lows. Here’s what’s driving our rates as shared with us by Paul Soule, Senior Mortgage Advisor with PHH Home Loans in Ocean City, Maryland. March 24, 2011 Inflation Concerns Hurts Bond Demand [...]
Market Briefs – 30 Years Back to 5%
February 19, 2011 by Monica McNamara · Leave a Comment
Thirty-Year Back to 5 Percent Freddie Mac’s latest survey reports longer-term rates eased a bit this week as was expected when Treasury yields fell slightly. The 30-year fixed-rate mortgage (FRM) averaged 5.0 percent for the week, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 4.93 [...]
What Does the Federal Reserve Do Anyway?
October 4, 2010 by Monica McNamara · Leave a Comment
With the economy in the news every day, more attention is being focused on the Federal Reserve than ever before. The Federal Reserve is made up of twelve Federal Reserve Banks, overseen by the Board of Governors. The Board of Governors is located in Washington, DC and is comprised of just seven members, who are [...]
Top 10 Credit Don’ts During The Loan Process
September 23, 2010 by Monica McNamara · Leave a Comment
So many buyers are taking advantage of interest rates at historic lows, either by re-structuring debt with a refinance or purchasing a new home or condominium. However, the recent economic issues have created even tougher guidelines and credit requirements and there are some things that consumers must be aware of when applying for a loan. [...]
Ocean City, Md Condo Financing Questions Discussed
January 6, 2010 by Monica McNamara · Leave a Comment
I can not stress the importance enough of working with a lender that has a proven track record of processing and approving a condominium product loan. If they don’t, many loans have not been placed, because lenders take a loan that they can not compete. Paul Soule with Coldwell Banker Home Mortgage takes the time [...]
Where Are These Interest Rates Going – Ask The Experts
October 31, 2009 by Monica McNamara · Leave a Comment
Mortgage Rates Seen Below 6% Through 2010 Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Still, the MBA expects rates to remain extremely attractive throughout 2010, helping to juice home sales and insert [...]
Mortgage Rates Down 5th Week In Row
October 2, 2009 by Monica McNamara · Leave a Comment
Here are the National Rate survey Results (10/01/2009) 30 year Conventional Loan: 5.25% w/ average points 0.31 15 year Conventional Loan: 4.64% w/ average points 0.31 30 year FHA Loan: 5.24% w/ average points 0.09 5 year Adjustable Rate Mortgage: 4.69% w/ average points 0.31 Will rates rise or remain relatively unchanged? Industry experts give [...]
So What About Those Interest Rates?
September 8, 2009 by Monica McNamara · Leave a Comment
Interest rates…everybody wants to know where they are headed. Here’s what’s coming out this week that will definitely have an impact. The Fed’s Beige Book – officially known as the Survey on Current Economic Conditions will be reported on Wednesday. It shows info from banks, interviews with business contacts, economists, market experts, and other sources. [...]
