Tag Archive | "chief economist"
Posted on 13 February 2010
Tags: 30 year mortgage, 30 Year mortgage rate trends, adjustable rate mortgage, BFM FHLMC Mortgsecurities Fund, chief economist, economic, Economy of the United States, Finance, fixed mortgage, fixed rate mortgage, freddie Mac, home loan, home mortgage loan, interest, interest charges, interest fee, interest only mortgage, Interest Rates, lower mortgage rates, Mortgage, Mortgage Bankers Association, mortgage news, Mortgage-backed security, Personal Finance, refinance, Refinance loans, refinancing, Strategies Research Partners, Super jumbo mortgage
No doubt, 30 year mortgage is the most popular type of home loans among people as it offers a fixed interest rate and monthly payments are lower. But due to the long term mortgage borrowers is required to pay off more interest over the loan life. These mortgages are the best options to purchase home through loans.

A fluctuation in the rates on the 30-year mortgages has been recorded as in comparison with the last year these rates are lower this year. Last year the average rates were about 5.16% where as the average rate this year is nearly 5%.
According to Freddie Mac fixed rate mortgages have faced a drastic downfall from the 4.04% to 4.34%. Likewise, this downfall was also recorded on five year adjustable rate mortgages from 4.27% to 4.19% before a week. While the rise in one year ARMs have been recorded from 4.22% to 4.33%.
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Posted on 25 March 2009
Tags: 5% Interest Rate, California, chief economist, FL, Florida, Florida Association of Realtors, Florida Condo sales, Florida home sales, Foreclosure, freddie Mac, home sales, Lawrence Yun, Massachusetts, Mortgage, National Association of Realtors, real estate market
With the entire nation’s eyes on the real estate market, the analysts and the media these days are keeping a very close eye on how the mortgage and sales market is faring in every region of the country.
For the sixth consecutive month in February, home sales in Florida showed an upward trend, compared to the same period a year ago, according to the data released by the Florida Association of Realtors® (FAR). And what’s more is that the February figures outranked those of January even, in both home and condo sales.

It has been noted that 9,858 homes were sold statewide last month, compared to 8,181 in February 2008 – an increase of 20 percent. Even on a monthly comparison, February’s statewide sales soared by 16.7 percent, compared to January 2009.
As far as condos are concerned, according to Florida Realtors, a 15 percent gain has been recorded in condo sales. This reflects the continuing trend of higher sales of both existing homes and existing condos, compared to the figures of the same time period in 2008. A jump of 25.1 percent was recorded for statewide condo sales over the number of condos sold in January alone. Read the full story
Posted on 08 March 2009
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Posted on 08 March 2009
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Posted on 07 March 2009
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Posted on 26 February 2009
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Posted on 09 January 2009
Tags: 15-year fixed, 30-year fixed, adjustable rate mortgage, advantage of fixed mortgage, bank, bank spokesman, Cameron Findlay, central bank, CHICAGO, chief economist, disadvantage of fixed mortgage, Federal Reserve System, fixed rate mortgage, freddie Mac, home finance, home owners, house owners, insurance rates, is fixed mortgage right for me, JPMorgan Chase & Co, LendingTree, long term mortgage rate, Mortgage Bankers Association, mortgage broker, mortgage rate low, Mortgage Rates, New York Times, Orawin Velz, purchase applications, Reuters, Sponsored Agency, Thomas Kelly, time to refinance mortgage, united states, vice president for economic forecasting, Wall Street Journal, Wall Street Journal Reports, what does it mean for, will mortgage rate go down
Mortgage rates in U.S. have fallen to another record low as the week closes. It is has declined for 10th consecutive week this time.
As Freddie Mac reported this Thursday that 30-year fixed rate mortgage yields have averaged about 5.01% for the week ending on January 8th, 2009. it is a 9 basis point decline from last weeks’ rate. It is nice to compare it with the rates this time last year. which were 5.87% .

Since The Govt. Sponsored Agency Freddie Mac started the survey(1971), this is the lowest reported level for these rates.
15-year fixed rate mortgage is even lower at 4.62%. It is has declined sharper from 4.80% levels of last week and a down hill slide of 5.43% level of this time, last year. It is said to be the lowest reported rate since June 13, 2003.
It is expected that this will impact on adjustable-rate mortgage especially the 5-year adjustable mortgages which averaged about 5.5% this week down from 5.7% last week.
Plain English: What does it mean for house owners
Well, the the house owners around US are struggling with increased cost of living and job uncertainty, these attractive rates can offer real relief in terms of monthly amount spent on home loan re-payments. Most of the homeowners will see this as an opportunity to get rid of expensive adjustable rate mortgage and get a fixed payment loan instead for the peace of mind that comes with it. As It the fixed-rate mortgages are not likely to go down any further, It is a good time to bet on them.
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