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Jun 22

Mortgage Rates Make New Lows At 3.66%

June 22, 2012 By Leave a Comment
Mortgage Rates Make New Lows

Mortgage rates have resumed their downward trend. According to Freddie Mac's weekly Primary Mortgage Market Survey, the national average 30-year fixed rate mortgage rate fell 5 basis points to 3.66% this week. The rate is available to "prime" borrowers who are willing to pay, on average, 0.7 discount points plus a full set of closing costs. 30-year fixed rate mortgage rates are down in seven of the last eight weeks but, depending where you live, the mortgage rates made available to you … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , ,
Apr 13

Mortgage Rates Fall For Third Straight Week

April 13, 2012 By Leave a Comment
Mortgage Rates Fall for Third Week

After a brief surge north of 4 percent last month, mortgage rates have settled down, near their lowest levels of all-time. According to Freddie Mac's weekly Primary Mortgage Market Survey, for applicants willing to pay 0.7 discount points plus a complete set of closing costs, the average 30-year fixed rate mortgage rate fell to 3.88 percent this week. 0.7 discount points adds $700 to your mortgage closing costs for each $100,000 borrowed. Mortgage rates are down this week on "safe … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , , , , ,
Mar 30

Mortgage Rates Fall Back Below 4%

March 30, 2012 By 3 Comments
Mortgage Rates Fall Below Four Percent

After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It's good news for home buyers and mortgage rate shoppers of DC because with lower mortgage rates come lower mortgage payments. According to Freddie Mac's weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage rate fell to 3.99 percent this week from last week's 4.08 percent. Last week had marked the first time since December 2011 that the benchmark rate crossed north of 4 … [Read more...]

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Dec 07

Have Mortgage Rates Bottomed Out?

December 7, 2011 By 4 Comments
freddiechart

Mortgage rates have troughed. Or, so it seems. According to Freddie Mac's weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage is 4.00 percent nationwide -- roughly the same rate as it's been for 5 weeks. During that times, rates have ranged between 3.97 and 4.02 percent with an accompanying 0.7 discount points, plus "typical" closing costs. Closing costs vary by state and 1 discount point is equal to 1 percent of your loan size. In other words, to get the … [Read more...]

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Jun 10

Do You Know What Questions To Ask Your Lender?

June 10, 2011 By Leave a Comment

A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work -- from mortgage types to mortgage fees. In this back-to-basics interview on NBC's The Today Show, you'll learn some mortgage planning basics to help you get smarter with your next home loan in District of Columbia or anywhere else -- purchase or refinance. Some of the topics covered include: The mortgage … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , ,
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