Why The Good News About Rising Mortgage Rates

On September 9, 2010, in Florida Real Estate Blog, by Marc Vitorillo

The Mortgage Bankers Association’s upcoming data on mortgage-application activity might show whether the prospect of higher mortgage rates is spurring consumers to buy homes; mortgage rates tend to move in lock-step with bond yields, which suddenly rose by a significant amount on Friday. Federal Reserve policy makers want to keep mortgage rates low to boost [...]

Mortgage Rates Hit Low for Year

On June 14, 2010, in Buyer Tips, Florida Real Estate Blog, Mortgage, by Marc Vitorillo

Rates on 30-year fixed mortgages fell this week to the lowest level of the year and barely shy of the all-time low. Mortgage finance company Freddie Mac says the average rate sank to 4.72 percent, down from 4.79 percent last week. It was just above the record of 4.71 set last December. The average rate [...]

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