Archive for the Interest Rate Information Category

Interesting that the paper posted the same date range this week as last week.  I wonder if the person in charge of this was on vacation. Source: Real Estate Section Milwaukee Journal Sentinel 3 May 2009 30-year mortgages rates tie record low, Fraddie Mac says Rates on 30-year mortgages tied a record low last week, [...]

Source: Real Estate Section Milwaukee Journal Sentinel 26 April 2009

Source: Real Estate Section Milwaukee Journal Sentinel 19 April 2009

Source: Real Estate Section Milwaukee Journal Sentinel 12 April 2009 From the front page of the Real Estate Section Milwaukee Journal Sentinel 12 April 2009 30-year rate edges higher Rates on 30-year mortgages inched higher after two straight weeks of record lows, but still remained at attractive levels for borrowers looking to refinance their home [...]

Posted 8 April 2009 Source: cnbc.com Link:http://www.cnbc.com/id/30106560 The 30-year mortgage rate could fall to nearly 4 percent by the end of the year as both the economy and housing market make a slow recovery, Bank of America-Merrill Lynch said.  Efforts to ease monetary policy combined with a general weakening of the economy will combine to [...]

Source: Real Estate Section Milwaukee Journal Sentinel 5 April 2009

I was talking to my mortgage broker Kevin McSwain from Quest Home Loan Center and he said that while interest rates are lower,  most people will not qualify for the lowest of rates unless they are 80% loan to value or better and have credit scores above 750.  Another factor is the amount of money [...]

February Single Family Home Statics are an improvement over January but leave a lot to be desired.  I would expect that with the new home buyer stimulus plan coupled with the low interest rates that we will see the numbers get progressively better this year.  The only thing that is keeping this all in check [...]

Source: Milwaukee Journal Sentinel Real Estate Section 22 March 2009 Mortgages slip to near-record lows Fed action may push them down further Washington -Rates on 30-year mortgages fell last week to the lowest level since January, and my fall further after the Federal Reserve launched a new effort to prop up the weak housing market.  [...]

Source: Milwaukee Journal Sentinel Real Estate Section 15 March 2009 Job numbers push mortgage rates down 30-year fixed home loan drops to 5.03% Associated Press  McLean, VA. – Rates on 30-year-fixed mortgages declined last week amid report of a weakening job market and easing concerns over inflation, Freddie Mac said.  The average rate on a [...]