30-year loans still cheaper than a year ago
Friday, June 27th, 2008 Posted in Boston Metrowest News, Mortgage Information, Sudbury Real Estate | No Comments »Fixed rates stable, ARM rates up on Fed uncertainty Freddie Mac reports that rates on 30-year fixed-rate mortgages averaged 6.45 percent with an average 0.6 point for the week ending June 26, up from 6.42 percent last week but down from ...
Home resales rise, prices fall
Friday, June 27th, 2008 Posted in Boston Metrowest News, Market Conditions, Mortgage Information, Sudbury Real Estate | No Comments »WASHINGTON - Sales of previously owned homes in the United States rose in May from the lowest level in at least nine years as a slide in prices lured some buyers into the market. Resales increased 2 percent to a 4.99 ...
Loan requirements tighten, change as home sales fall
Wednesday, March 12th, 2008 Posted in Mortgage Information, Sudbury Real Estate | No Comments »NEW YORK - The loan you qualify for on Monday might be out of reach on Tuesday. Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market ...
Mortgage Pre-Approval versus Mortgage Pre-Qualification
Wednesday, March 12th, 2008 Posted in Market Conditions, Mortgage Information | No Comments »Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter? The reality is that most all buyers need to obtain a mortgage loan to purchase a home. Since mortgage approval is such an integral aspect of a ...
Mortgage rates lowest in nearly 4 years
Thursday, January 24th, 2008 Posted in Mortgage Information | No Comments »Freddie Mac reports 30-year, fixed-rate mortgages averaged 5.48 percent WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in ...
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