Interest rates had been in an ugly trend from October until just a few weeks ago. We’d seen rates rise by nearly a full 1.00%.
With the spring buying market already heating up, home affordability had definitely taken a hit over the past 4-5 months. However, it probably still made sense to buy with [...]
Continue Reading →The FHA loan rate approached its best levels since March on last week’s rally.
That marks two weeks in a row with considerable improvement and two weeks in a row where rates dropped due to “safe haven” buying.
Continue Reading →Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week’s results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin.
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