15-year mortgage interest rates hit new low
According to freerateupdate.com 15-year mortgage rates have hit a new low at 3.75% for “well qualified borrowers paying 1 point origination.” (Note this is not the APR rate which would reflect the truer cost of the loan.) 30-year fixed rates are still at 4.375%. FHA rates are the same as the conforming loan rates but their loan costs tend to be higher. Jumbo loan rates are still at...
Read MoreSenate votes to extend tax credit deadline – for closing
If you were under contract on a home by April 30, but are having trouble getting your loan in by the June 30 deadline the US Senate has voted to give you another 3 months. I believe the House still must approve this as well. Now whether or not your sellers will want to give you another 3 months to close is another story…
Read MoreFixed mortgage rates stable this week
According to Freddie Mac the interest rate on a 30-year fixed mortgage averaged 5.06% this week, down a snitch from 5.07% of last week. Last year at this time it was 4.78%. Would you like to be notified when new homes are listed on the market in your favorite neighborhood? Join my VIP email list here. I promise never to spam you or sell your information to anyone. photo credit: zombieite...
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