Mortgage rates drop for fifth consecutive week
Interest rates hit their lowest level this year, mortgage company Freddie Mac says. The average rate for a 30-year fixed loan is 4.93%. The European debt crisis is helping to drive down rates. Interest rates on mortgages have declined for a fifth straight week, with 30-year fixed-rate loans dropping below 5% to the lowest level [...]
30-year fixed mortgage rates rise slightly
The average rate offered by lenders this week increases to 4.99% from 4.96% last week. The average rate on 15-year fixed loans edges up to 4.34%. Interest rates offered by mortgage lenders edged higher this week, with the typical rate on a 30-year fixed home loan at 4.99%, up from 4.96% last week, Freddie Mac [...]
For many, affordable housing in Maryland still out of reach
Prices and interest rates haven’t dropped far enough, study says Interest rates and home prices haven’t fallen far enough to put homeownership within reach of many moderate-income workers in the Baltimore metro area, a new study suggests. View full post on baltimoresun.com – Real Estate Share and Enjoy:
Affordable homeownership out of reach for many in region, study says
Interest rates and home prices haven’t fallen enough to put homeownership in reach of many moderate-income workers in the Baltimore area, a new study suggests. View full post on baltimoresun.com – Real Estate Share and Enjoy:
Top Reasons to Refinance Your Mortgage
The most common reason for people looking to refinance their mortgage is to find a cheaper interest rate than the one they are paying with their current mortgage provider. The mortgage market is competitive and there are deals to be found if you look at what’s on offer – a mortgage advisor [...]