Posts Tagged ‘Interest’

It’s often said homeownership is the American dream and the safest place to invest one’s earnings. No doubt, owning real estate for most is the single greatest purchase endeavor they’ll undertake in their lifetime.   Whether real estate is a good investment depends primarily on one variable factor; time. Many homeowners were injured by the [...]

Tax Benefits on a Refinance – Did you refinance last year? Be sure to make the most of it: http://www.smartmoney.com/taxes/income/the-tax-benefits-of-refinancing-1329845305909/?link=SM_hp_featStory FHA Loan Expense Increase – It’s official, the Federal Housing Administration (FHA), which insures loans, will be increasing costs by an estimated 57 percent: http://justrealseattle.com/2012/02/fha-premium-increase/ Obama Cuts Costs for Some Loans – For those considering [...]

WASHINGTON — Fixed mortgages were mostly flat this week after hitting their lowest levels in decades. The average rate on the 30-year fixed mortgage stayed at 4.22 percent for the second straight week, Freddie Mac said Thursday. The rate hit 4.15 percent two weeks ago, the lowest level on records dating to 1971. The average rate [...]

While the long term impact of the U.S. credit downgrade from AAA to AA+ rating is unclear at best, the immediate outcome was quite favorable to mortgage lending. Interest rates fell yesterday to their lowest levels this year or 3.88% for a 30-year fixed rate FHA mortgage. The credit rating agency Standard and Poor’s (S&P) downgraded mortgage finance [...]