Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed-rate mortgages at or near their 60-year lows helping to drive record high homebuyer affordability. The 15-year fixed, a popular choice among refinance borrowers, averaged a new all-time record low of 3.13 percent. The survey shows that the 30-year [...]
Posts Tagged ‘financing’
Housing Affordability Index Hits Record High
March 9th, 2012
admin Housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of REALTORS®.
Buyers Better Hurry: Rates Reach New Lows
June 2nd, 2011
admin For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent.
100% USDA Loans Are Available Again!
October 29th, 2010
admin Funding for USDA 100% financing ran out a few months ago. But, it’s back! It is official as of this week….the rural housing mortgage program from the United States Department of Agriculture (USDA) is back. Yes, the same people that certify our beef at the grocery store offer a mortgage program.
Mortgage Rates Are At Rock Bottom And Won’t Stay There!
October 11th, 2010
admin Interest rates have hit rock bottom! The national average on a 30-year fixed-rate mortgage dropped to 4.36 percent in Aug 2010 – lower than it’s been in the past half century.
7 Reasons Why Now Is The Prime Time To Buy!
October 11th, 2010
admin Why now is the best time to buy real estate. Home affordablilty is at an all time high, interest rates at an all time low, now is the time to buy!
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