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Published 15 March 2020 On March 5, the Federal National Mortgage Corporation, a.k.a. Freddie Mac, announced that the rate for the 30-year, fixed-rate conventional mortgage fell to the lowest level ever recorded in the nearly 50-year history of their weekly survey. The rate for the 15-year mortgage also declined, falling to a point not seen
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Oct 05, 2019 No closing cost mortgages can be expensivePublished 5 October 2019 It costs money to take out a mortgage. Costs can range from $2,500 to $3,000 for a low-priced starter home to tens of thousands of dollars for multi-million-dollar homes. The truth is that all mortgages have closing costs. The no closing-cost moniker is simply mortgage-speak for employing alternative methods of having
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Aug 18, 2019 Is now the time to refinance?
Published 18 August 2019 It’s no secret that mortgage interest rates are at historic lows — the lowest in 33 months to be exact. Freddie Mac reported on Aug. 8 that the average conventional 30-year and 15-year mortgage rates were 3.60 percent and 3.05 percent, respectively. One year ago, the rates were 4.59 percent and
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Published 2 June 2019 June is National Homeownership Month. According to the National Association of Realtors, homeownership month is “a time to celebrate and promote the American Dream of owning a home.” NAR goes on to say that owning a home is not only the best investment an individual can make to build their personal
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Feb 03, 2019 Mortgage tip: How to turn $100 into $30,000
Published 3 February 2019 With lots of home sales come lots of new mortgages. And with each of those new mortgages come lots of monthly payments — 360 in the case of a typical 30-year loan. Each of those monthly payments is made up of multiple components; such as principal and interest, reserves for taxes
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