Mortgage Rates Resources and Articles

Mortgage Rates Update for 10-10-2017

It’s Tuesday, October 10th and mortgage rates continue to trend upward, but ever so slightly. The good news is that mortgage rates remain at long-term lows, even for 2017. Check out this animated illustration of weekly 30-year fixed rate trends for 2017 as reported by Freddie Mac. U.S. weekly average 30-year fixed #mortgage rates in […]

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Is This a Good Time to Take an ARM Mortgage?

Are you considering taking an ARM mortgage in this interest rate environment? There are times and situations where an ARM mortgage makes sense. Is that true in this market? Security vs. a Lower Interest Rate The 30-year fixed rate mortgage represents the ultimate tool in home financing security. Both your interest rate and your monthly payment […]

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Mortgage News: 2017 Outlook for Florida Real Estate Market

With rumors of further interest rate hikes and the thought that mortgage rates could go higher by the end of the year, some consumers wonder if it makes sense to buy now. If you’re looking into buying Florida real estate, it’s a good idea to understand where the market stands now and consider the forecast […]

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Will Mortgage Rates Keep Rising in 2017?

If the last month or so has been any indication, it looks as though mortgage rates are heading higher in 2017.

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Will Mortgage Rates Get Any Lower than they Are Now?

If you have been sitting on the fence, putting off buying a new home or refinancing your current one, thinking that interest rates might go lower, you might want to take action now.

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How the Brexit Affects Your Mortgage Rate

When the Brexit vote confirmed Britain’s exit from the European Union, many experts were quick to predict gloom and doom. Britain, and even Europe, would collapse, eventually dragging down the US and the rest of the world. But nearly three months after the fact, none of those dire predictions have played out. But closer to […]

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Mortgage Rates Continue to Hold Historic Lows

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week, continuing to hover near record lows. Rates fell across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Consistently low mortgage rates have been […]

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How Mortgage Rates are Set and Regulated

Your home is likely one of the biggest purchases you make in your lifetime. A home is so expensive that you probably need to borrow to afford the home purchase. Whenever you borrow money, you pay for the privilege in the form of interest. How much you pay for your home depends on your mortgage […]

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Survey Finds Average Mortgage Rates Down

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell across all loan categories last week, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. But despite lower rates, demand for mortgage applications actually fell from the week before. In […]

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Mortgage Rates Increased Last Week

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates rose across all loan categories last week, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. The increase slowed mortgage demand, especially refinance activity. Michael Fratantoni, MBA’s chief economist, told CNBC […]

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