Tagged : Mortgage interest rates

Found 6 blog entries tagged as "Mortgage interest rates".

interest_alexandrgordeev_450realtor.com - The new year is starting with a gift to home buyers: lower-than-expected interest rates.

The 30-year fixed-rate mortgage averaged 3.73%, the lowest it’s been since May 2013, according to the Freddie Mac Primary Mortgage Market Survey. During the last week of 2014, the rate averaged 3.87%. It was as high as 4.51% a year ago at this time.

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moneyhouse_oleg-doroshin_450Ryan Severino liked the location of his family's home in Scotch Plains, N.J., but he also thought they needed more space. So in the summer of 2011, they decided to buy a bigger house. Mortgage interest rates were down, and so were home prices. "We were outgrowing our house," Severino says. "We didn't want to wait for prices to go back up."

But one thing he didn't realize was exactly how long it would take to sell the first house or to rent it, if that turned out to be the better option. "It comes down to more than pure economics," says Severino, senior economist and associate director of research at Reis Inc., a real estate research firm.

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lifeince.today.com - It’s a seller’s market in many parts of the country right now. That’s a big change from the past six or seven years. With buyers competing for the same property, home prices are going up. It’s a good thing mortgage interest rates are at historic lows.

“If you want to get the home of your dreams, you need to be really serious,” advises real estate expert Ilyce Glink,author of the book Buy, Close, Move In. “You've got to get pre-approved, not pre-qualified for your purchase. You have to know what you want and how much you feel comfortable spending (it may be less than what the bank suggests). If you know what you want and how much you want to spend, and you've spent a lot of time in your neighborhood of choice, when the right property

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forbes.com - Insanely low mortgage interest rates—and the knowledge that they’ll eventually go up again—make a lot of people feel like it’s time to buy a house right now. And maybe it is … if you go about it the right way.

Buying a home is a major purchase (to put it mildly), and there are plenty of ways to trip up. But don’t worry—we’ve got your primer right here. 1. Don’t … buy a house if you’re planning to move again soon.  2. Don’t … bust your budget.  3. Don’t … forget about added costs.  4. Don’t … put down a nominal down payment.  5. Don’t … neglect to get everything in writing.  6. Don’t … skip the inspection.  7. Don’t … think a brand-new home entitles you to brand-new everything.

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homes.yahoo.com - Are you ready and eager to buy your first home, but not sure if you'll qualify for those historically low mortgage interest rates that are splashed across every real estate section?

Well, you are right to be excited, since rates really are extremely low by historical standards. Here are some tips on how to get a low mortgage rate.

 1.  Improve your credit
 2.  Decrease you liabilities
 3.  Put at least 20 percent down
 4.  Emphasize you job stability

 

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latimes.com - Mortgage interest rates finished out the year near record lows, helping fuel the housing market’s modest recovery.

The average rate for a 30-year, fixed-rate mortgage was 3.35%, down slightly from 3.37%, Freddie Mac said in its weekly survey. This week’s rate is close to the 3.31% rate hit earlier this year, the lowest since records begin in 1971.

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