Archives for the 'Financing' Category
Freddie Mac – Mortgage Rates Near Historical Low Levels
Tuesday, June 15th, 2010
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Rates for 30-year fixed mortgages fell to the lowest level of the year last Thursday and near historical all-time lows. Following is a chart of the Freddie Mac Primary Mortgage Market Survey® (PMMS) showing last week’s average national rates (June 10, 2010 PMMS Survey) for 30 –year and 15- year fixed rates and 5- [...]
Buyer’s Estimated Closing Costs in Florida
Tuesday, November 13th, 2007
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It’s important for buyers to know what your closing costs and mortgage payments are going to be when you start to look for a home and get pre-qualified. I’ve prepared a Buyer’s Estimated Closing Costs Pro-Forma: 80% FRM Loan, 6.5% Int., 10-21-07 (pdf) based on a specific scenario that shows [...]
Mortgage Interest Rate Survey - November 4, 2007
Sunday, November 4th, 2007
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In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “October’s consumer confidence fell to its lowest level since October 2005 as mortgage rates continued to decline this week to their lowest level in almost six months. Continued market concerns about weaker economic growth and further [...]
Mortgage Interest Rate Survey - October 21, 2007
Sunday, October 21st, 2007
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In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “Both economic indicators and mortgage rates came in mixed this week. While retail sales were stronger in September, consumer confidence fell below market expectations in October. Moreover, both the core consumer price index and producer prices [...]
15 Steps to Homeownership - How are Purchase Loans Made and What is the Typical Process?
Friday, June 8th, 2007
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How are Purchase Loans Made? Here are the 15 Steps to Homeownership involved in the typical purchase home loan process?
Before you get started looking for homes, it is good to do some preparation, so when you find the home you’re looking for, you are ready to make an offer and will have a [...]
Mortgage Interest Rate Survey - June 1, 2007
Friday, June 1st, 2007
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In this week’s Mortgage Interest Rate Survey, according to Freddie Mac
rates jumped another 5 basis points or .5/100%. “The interest rates on fixed-rate mortgages increased further following stronger growth in orders for durable goods,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Recent reports have indicated that economic growth outside of the [...]
South Florida “Subprime” Mortgage Market
Wednesday, May 30th, 2007
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South Florida “Subprime” Mortgage Market - the area has much at stake in the furor over the quality of its so-called “subprime” mortgages.
How do South Florida’s numbers compare to the national average and other areas of the country? The latest twist – were half of the subprime borrowers ripped off? Did they actually qualify for [...]
Mortgage Interest Rate Survey - May 25, 2007
Monday, May 28th, 2007
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In this week’s Mortgage Interest rate survey, according to Freddie Mac, rates jumped 10 basis points or 1/100%, as investors sold bonds on the market - the law of supply and demand causes bond prices to go down. When bond prices fall, bond yields rise, and mortgage rates follow the trend.
Freddie [...]
What to know before you buy - Good info for first-time buyers and buyers relocating to Boca Raton
Tuesday, April 24th, 2007
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The softening Florida real estate market may signal some good news for first-time home buyers, and many others who have been shut out of the local real estate market due to sky-high home prices.
But now, with more inventory on the market, lower fixed-rate mortgages, and sellers desperately cutting their asking prices, home buyers are starting [...]
