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. [...]
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 [...]
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 [...]
Houston Mortgage Refinance:Â Mortgage Rates Plunge to 5 Month Low! http://www.foxbusiness.com/personal-finance/2011/05/05/mortgage-rates-plunge-5-month-low/ Mortgage rates fell this week as investors sought safety, amid concerns of global instability and the still-weak economy. The benchmark 30-year fixed-rate mortgage fell 7 basis points this week, to 4.88%, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth [...]
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