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Wrong Time to Fix Mortgage Rates

Homeowners should ignore calls to fix their mortgage rates, some commentators say. Philip Macalister, editor of Good Returns, said some banks had been “gently encouraging” people to move to a fixed rate but there was no good reason to do so, until there was some certainty of a mortgage rates rise in the near future

Elvis Crespo Featuring Los Crespo Kids

Elvis Crespo

Mortgage Rates Still Falling

The average rate for a 30 year fixed rate mortgage declined 3 basis points to 3.94 percent since last week while the purchase application volume increased 4.4 percent and the refinance application declined 4.10 percent over the same period. The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages as well as the volume of both purchase and refinance applications

Have Dinner on Us for Next 30 Years – Portland Mortgage Loan Rates

503.698.5801 – see today’s rates at www.GoNorthwestLoans.com Watch all my videos at www.YouTube.com/EricNewmanBanker

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