posted June 6, 2011
Houston Refinance: Bank of America’s 30-year fixed mortgage rates
Currently, Bank of America’s 30-year fixed mortgage rates are around 4.375% but… notice how they will charge you an additional 1.125%. We can get you the same low mortgage rates without charging you additional points! Why pay additional points if you don’t have to? Unlike most major lenders like Bank of America, Wells Fargo and Chase, we’re a “No Point” lender! Take a look at our straight forward closing costs here!
We’re a local Houston mortgage lender that’s been helping people all over Texas accomplish their mortgage refinance needs! We can offer you the best mortgage rates with the lowest closing costs! Give us a call today!
Houston:Â 713-589-2244Â Â Â Â Dallas:Â 972-325-2120Â Â Â Â Austin:Â 512-996-8194
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posted May 31, 2011
Houston Mortgage: With mortgage rates so low, why are home sales low?
As mortgage rates continue to fall, so too are home sales. That wouldn’t make sense in a normal housing market, but these are very unique times. Credit, or lack thereof, coupled with extremely weak consumer confidence is keeping potential buyers on the fence. http://www.cnbc.com/id/43193955
Contracts to purchase existing homes plunged a far weaker-than-expected 11.6 percent in April, the heart of the spring housing season. The National Association of Realtors’ Pending Home Sales Index is now 26 percent below its cyclical high in April of 2010, which was the deadline for the now-expired home buyer tax credit. http://www.coffeemortgage.com/
“The pullback in contract signings is disappointing and implies a slower than expected market recovery in upcoming months,” said NAR chief economist Lawrence Yun. The drop in new contracts comes as mortgage rates continue to fall, just last week to the lowest level of the year so far. Freddie Mac reported 4.60 percent on the 30-year fixed mortgage, but analysts say even that’s not enough to move this tough housing market.
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posted May 25, 2011
Houston Mortgage Refinance: Fixed Mortgage Rates Touch New Lows for 2011
http://abcnews.go.com/Business/wireStory?id=13637873
Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans.
Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.61 percent. That’s down from 4.63 percent and the lowest level since mid-December. The average rate on the 15-year fixed mortgage, a popular refinance option, slipped to 3.80 percent from 3.82 percent. That marked the lowest point since late November.
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posted May 13, 2011
Houston Mortgage Refinance: Mortgage Rates Decline; 30-year fixed at 4.63%
http://online.wsj.com/article/BT-CO-20110512-713709.html
Mortgage rates, including the average rate on 30-year fixed mortgages, declined again this week, according to Freddie Mac’s weekly survey of mortgage rates.
“Mortgage rates continued to decline this week following a mixed employment report,” Freddie Chief Economist Frank Nothaft said, noting the economy added the most workers in 11 months in April, though the unemployment rate rose to 9%, its highest reading since January. http://www.coffeemortgage.com/
Rates had slumped for much of last year, setting record lows in the process, as yields on Treasurys slid amid economic uncertainty. Before recent declines, rates had been rising this year. Mortgage rates generally track the yields, which move inversely to Treasury prices. Yields moved back near their lows of the year Thursday morning as investors sought save-haven investments with weakness in commodities and global equities.
Take advantage of low Houston mortgage refinance rates! Give us a call! 713-589-2244
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