Tag Archives: Interest Rates
Interest Rates Predicted to Rise in 2010
Along with just about everything else like food prices, energy prices, and taxes, interest rates are predicted to rise to 6% by end of 2010. The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because the private buyers will demand more return than the Fed.
It’s funny because those who [...]
First-Time Homebuyers Have Advantage in Mortgage Market
First-Time homebuyers and those thinking about refinancing are in a great position. For the third straight week, mortgage rates have fallen according to Freddie Mac.
“The credit markets are tight, but they have loosedned up significantly from 90 days ago,” said Todd Wilson of Wells Fargo.
This means it’s a great time to enter a mortgage transaction [...]
Don’t Wait for Prices to Fall
The biggest issue that I run into with my clients is the fear of overpaying for a property. They are worried about bidding wars and ending up not getting as good a deal as they thought. The truth is in Northern Virginia, homes are priced way under the market value because of all the foreclosure [...]
Full StoryInterest Rates Decrease
Interest rates are still looking good.
Product Rate +/- Last week
30 yr fixed 5.35% - 5.41%
15 yr fixed 4.78% [...]
Loan Shopping – 5 Tips for Home Buyers
Getting a great rate is sometimes all about luck. It happens when preparation meets opportunity. Some home buyers are wondering if they should have held out to get that lower rate. Don’t beat yourself up over a 1/4 point. Predicting interest rates is like predicting who is going to win the Superbowl in April. Frankly, [...]
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