Tagged : home loans

Found 8 blog entries tagged as "home loans".

interest__max5128_450realtor.com - Mortgage rates for most U.S. home loans remained largely unchanged this week following news of rising unemployment claims.

The average for a 30-year fixed-rate mortgage rose to 4.28 percent, up slightly from 4.23 percent last week, according to the latest survey from mortgage buyer Freddie Mac. Although the increase was small, it marked the first time the 30-year fixed-rate mortgage has risen in 2014. The popular loan averaged 4.53 percent at the start of 2014 and was at 3.53 percent a year ago.

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interest__max5128_450realtor.com - As we rang in the New Year, the 30-year fixed average inched up for the third consecutive week, going above the 4.5 percent threshold for the first time since mid-September. Previously at 4.48 percent, the average rate on a 30-year loan is now trending at 4.53 percent, according to the latest survey from mortgage buyer Freddie Mac. The current rate reflects an increase of 1.19 percentage points from where it stood a year ago, at 3.34 percent.

The average on a 15-year fixed-rate mortgage also saw a slight uptick, climbing from 3.52 percent to 3.55 percent over the last week. A year ago, it averaged 2.64 percent. Similarly to the 30-year fixed-rate average, the average on the 15-year fixed-rate loan stayed consistently below the 3.5 percent

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housekeys_voronin_450money.cnn.com - Thanks to a sharp increase in home prices last quarter, 2.5 million more mortgage borrowers no longer owe more on their homes than they are worth, according to CoreLogic.

By the end of June, 7.1 million, or 14.5%, of mortgage borrowers remained underwater on their loans compared with 9.6 million, or 19.7%, at the end of the first quarter. In late 2009, during the worst of the housing market's meltdown, 26% of all borrowers were underwater.

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finance.yahoo.com - Freddie Mac released the results of its Primary Mortgage Market Survey this week, which indicated that average fixed mortgage rates have declined slightly in the wake of the sharp increase after the Federal Reserve’s announcement that it will slow its bond-buying program in the near future.

Average interest rates on a 30-year fixed mortgage have dropped to an average of 4.37 percent from last week’s 4.51 percent. Fifteen-year home loans also fell from 3.53 percent to an average of 3.41 percent this week. Though experts in the field are saying that rates may still continue to rise, albeit at a steadier pace than the initial spike.

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bloomberg.com - Sales of previously owned U.S. homes probably held in October near a two-year high, indicating the recovery in residential real estate is being sustained by cheap borrowing costs, economists said a report may show today.

Purchases held at a 4.75 million annual rate last month, according to the median forecast of 64 economists surveyed by Bloomberg. In August, demand reached a 4.83 million rate, the most since May 2010. Homebuilder confidence probably held at a six-year high in November, another report may show.

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money.cnn.com -- Rates on the average 15-year, fixed-rate mortgage hit a new low this week, falling to 2.66%, according to mortgage giant Freddie Mac.

The 15-year is particularly popular with homeowners who want to refinance their old mortgages to a lower rate and pay off their loan more quickly.

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NEW YORK (CNNMoney) -- Mortgage rates fell to record low levels once again last week, as the Federal Reserve's decision to buy billions in home loans for the foreseeable future helped bring lending costs down for home buyers and owners.

Mortgage finance backer Freddie Mac's weekly survey of mortgage rates showed the average 30-year fixed-rate mortgage fell to 3.49% from 3.55% the previous week. That matched the previous record low set in July. The fixed-rate 15-year mortgage reached a new record low of 2.77%, down from 2.85% a week earlier.

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realtytimes.com - Its a three-digit number that carries a lot of influence over your future. It can dictate whether or not you'll qualify for a home, car, or business loan. It can also be the deciding factor in whether or not you qualify for a low interest rate.

What exactly is a credit score and what factors contribute to its number?

  • Type of Credit
  • Amount of Debt
  • Payment History
  • New CreditCredit History Length

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