By Martin Wolk Mortgage rates have continued to fall over the past week, setting record lows for both 30-year and 15-year contracts, mortgage giant Freddie Mac said Thursday. The 30-year benchmark now stands at 3.79 percent, down from 3.83 percent a week ago, with an average “point” fee of 0.7 percent of the mortgage value. The 15-year fixed rate average fell to 3.04 from 3.05 percent
Posts under ‘Mortgage Rates Quotes’
Bankrate: Mortgage Rates Set 4th New Record in a Row
NEW YORK, May 16, 2012 /PRNewswire/ – Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped below the 4 percent mark for the first time ever, down to 3.97 percent, according to Bankrate.com’s ( RATE ) weekly national survey
Home Repairs Required by Lender When Getting a Mortgage Loan
503.698.5801 – GoNorthwestLoans.com Home Buyers ask me all the time about what repairs will be required before closing their home purchase. Here’s a list of the most common items, and a few strategies on how to pay for those
Mortgage War Gives Borrowers an Edge
Existing and would-be home owners are being encouraged to “shop around” as banks slash mortgage rates. ASB last night became the latest bank to reduce its 12-month fixed home loan rate, down from 5.7 per cent to match Westpac and ANZ-National’s rate of 5.25 per cent. Kiwibank set off the latest round of cuts at the end of April, setting a one-year fixed special rate of 4.99 per cent.
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