By admin on May 22, 2010
Before we talk about what happened with mortgage rates this week lets do a quick recap of what happened last week. Last week mortgage interest rates made a sudden jump over the previous week. For the entire month of June and July 30 year mortgage interest rates only fluctuated from 6.09 to [...]
Posted in Music Blog | Tagged a, down, interest, little, mortgage, nudge, rates
By admin on March 3, 2010
Sometimes if you don’t read the fine print you might find yourself signing up to a credit card with extremely high interest rates. And no body wants to pay extra when they can save.
The main secret to comparing credit cards is reading through the marketing material provided, visiting their website and looking around the … [...]
Posted in Music Blog | Tagged card, compare, credit, how, interest, rates, to
By admin on February 22, 2010
An interest-only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest-only term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and [...]
Posted in Music Blog | Tagged canada, interest, mortgage, Only
By admin on February 22, 2010
Mortgage interest rates moved down this week. 30 Year rates feel back below 6 dropping from 6.10 last week to 5.94. 15 Year rates all fell quite a bit going from 5.78 last week to 5.63 this week. Below are rates for the major mortgage products for the last few weeks.
October 9, [...]
Posted in Music Blog | Tagged down, interest, mortgage, move, rates
By admin on February 7, 2010
The current mortgage interest rates are very low right now and more people that have been renting homes are finding it more affordable to purchase their homes at this time. If you are renting your home that is money just thrown away, but if you buy your home you are making an investment.
Buying a home [...]
Posted in Music Blog | Tagged as, buying, drop, from, interest, mortgage, rates, renting, to
By admin on January 15, 2010
Mortgage interest rates moved down slightly this week. This was a good sign since it was not preceded by any rate cuts from the FED. The 30 year mortgage rate fell from 6.52 to 6.47 and the 15 year mortgage rate fell from 6.07 to 6.00. For arms the 5 year rate [...]
Posted in Music Blog | Tagged and, down, fannie, freddie, impending, interest, mac, mae, mortgage, move, of, rates, slightly, takeover, the
By admin on January 4, 2010
I have been tracking mortgage interest rates for the last few months. Its always more interesting when there are drastic changes. This week we saw some of the largest changes we have seen this year. This is of course in response to the Fannie Mae and Freddie Mac takeover. The 30 [...]
Posted in Music Blog | Tagged after, fannie, interest, mac, maefreddie, mortgage, plummet, rates, takeover
