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A 30-Year, Fixed-Rate Mortgage Starts at 4.25% at Affiliated Financial Group

Posted by: RateAPY Bank Rates News
May 26th, 2010

Current Mortgage Rates Near Record Low
When Freddie Mac released its rate survey figures for week ending May 20, it revealed that the then current mortgage rates were the lowest so far this year. In fact, at an average 4.84% for a 30-year fixed-rate mortgage (FRM), they were extremely close to ... Read more »

30-year Mortgage Rates Average 4.8%

Posted by: RateAPY Bank Rates News
May 21st, 2010

Not since December 10, 2009, have mortgage rates been this low. According to this week’s Freddie Mac PMMS, the average 30-year conforming home loan dipped to 4.84% with 0.7 points, a .09% improvement week-over-week. Last year at this time the average 30-year home loan was 4.81%. Year-over-year, mortgage rates may ... Read more »

American Bank’s 30-Year Fixed-Rate Mortgage at 4.90% APR

Posted by: RateAPY Bank Rates News
May 21st, 2010

While some financial analysts anticipate an increase in mortgage interest rates in the next several months, rates remain historically low this week. Whether you are arranging financing to buy a home or are interested in refinancing to improve your monthly cash flow, searching online to compare mortgage interest rates can save you money.
When ... Read more »

New Home Investments Jump To 1 1/2-Year High In April

Posted by: RateAPY Bank Rates News
May 18th, 2010

According to the Commerce Department’s U.S. Census Bureau, home starts were up 5.8% in April and up 40.9% from the same time last year. Home start statistics show that consumers were making investments in new residences, creating jobs during the building phase. Most likely this surge was due to the tax credits of up to ... Read more »

Mortgage Rates Dip Below 5%

Posted by: RateAPY Bank Rates News
May 14th, 2010

Current mortgage rates are below 5% again, according to this week’s Freddie Mac Primary Mortgage Market Survey (PMMS). The 30-year fixed conforming mortgage rate averaged 4.93% with 0.7 points, down 0.7% from last week. This time last year the 30-year fixed was 4.86%. Mortgage rates have not been this low ... Read more »

Voyage Financial Group Offering 30-Year Fixed-Rate Mortgage at 4.951% APR

Posted by: RateAPY Bank Rates News
May 13th, 2010

Homeowners interested in refinancing or potential home buyers often search for the mortgage with the lowest interest rates, but they should be sure to compare all the fees and requirements associated with each loan. Some mortgage loans require discount points to be paid at settlement to earn the lowest interest rates.
Not all lenders ... Read more »

A 3.25% Mortgage? It’s Not Impossible with a Hunter Financial Group ARM

Posted by: RateAPY Bank Rates News
May 12th, 2010

Mortgage Doesn’t Have to Cost ARM and a Leg
It wasn’t long ago that you could pay more for an adjustable-rate mortgage (ARM) than you would for a fixed-rate mortgage (FRM). So why would you want to pay extra to pass up a 30-year locked in mortgage at some of the lowest rates ... Read more »

Mortgage Rates Back To March Lows

Posted by: RateAPY Bank Rates News
May 7th, 2010

The average rate for a 30-year fixed conforming mortgage was 5.00% with 0.7% points this week, according to the Freddie Mac Primary Mortgage Market Survey (PMMS). That is a .06% improvement from last week, continuing a month-long trend towards better mortgage rates. Last year at this time, the 30-year fixed ... Read more »

Flagstar Bank FSB Offers 30-Year Fixed-Rate Mortgage at 5.322% APR

Posted by: RateAPY Bank Rates News
May 4th, 2010

While financial experts’ predictions about the direction of interest rates vary, consumers are always eager to lock-in the lowest possible interest rate for a mortgage. When comparing mortgage loan rates, be sure to check the requirement for paying discount points and other fees along with searching for the lowest interest rate.
Flagstar ... Read more »

Top Mortgage News

Posted by: RateAPY Bank Rates News
April 30th, 2010

Tax Credits Are Ending
Today is the last day to sign purchase contracts before the end of the government’s tax credits. Contracts must be signed by April 30, 2010, and transactions must close by June 30, 2010, to qualify for up to $8,000.
Purchase Mortgage Applications Are Up
The end of the tax credits has caused an increase ... Read more »