Interest Rates Comparison

Ten Year mortgage

With the ten year yield falling to 1.65%, there has been some discussion about whether mortgage rates will decline to new lows. Based on an historical relationship, 30-year rates should currently be around 3.55%. As of yesterday, Mortgage News Daily reported: Mortgage Rates Even Closer to All-Time Lows If rates are able to move any lower from here, that will put them in line…

Read more

Obama Home Buying program

PHOENIX - A new White House initiative could put hundreds of dollars back into the pockets of homeowners with mortgages through the Federal Housing Authority, President Obama says. Obama has directed the FHA to reduce the fees attached to government loans for home buyers by half a percent, from 1.35 to 0.85 percent. It may seem like a paltry figure, but the White House estimates…

Read more

Remortgage deals

Our guide to remortgaging can help you decide if switching from your current mortgage deal is right for you Paying off your existing mortgage with a new one can offer flexibility, a better deal on your monthly repayments or an opportunity to consolidate your debts. Remortgaging can also save you thousands of pounds, but it comes down to your personal circumstances. Continue…

Read more

Home interest Rates Comparison

Mortgage Rates Mortgage rates are the interest rates assigned to a home loan, which is commonly known as a mortgage . Mortgage rates are based on the price of mortgage-backed securities (MBS), which are bonds backed by U.S. mortgages. Mortgage rates vary between conventional, FHA, VA, USDA, and jumbo loans; and, by mortgage lender. How Mortgage Rates Are Made Huge numbers…

Read more

5 Year Mortgage Rates

The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record low is 3.5%, set in December 2012. I m betting that it will go even lower. At the same time, I encourage you to lock your rate…

Read more