Posts Tagged ‘mortgage loan’

Interest Rates Hit New 12 Month Low!

Tuesday, March 5th, 2019

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. […]

Why Have Interest Rates Jumped to a 7-Year High?

Wednesday, May 30th, 2018

  Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy […]

Would You Qualify for a Mortgage Now?

Wednesday, July 20th, 2016

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe […]

Mortgage Rates are STILL at historic lows

Thursday, May 26th, 2016

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).  This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many […]

One more time, you do not need 20% down payment to buy a house

Thursday, May 12th, 2016

A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.  1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to […]



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