For buyers and refinancing households throughout California , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac's weekly survey of more than 125 banks nationwide, Phoenix mortgage applicants electing for a conventional ARM over a conventional fixed-rate mortgage will save … [Read more...] about Adjustable-Rate Mortgages Are A Relative Bargain Today
Mortgage Payments Fall 12% Since February 2011
As mortgage rates drop, so do housing payments. It's a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history. According to Freddie Mac, the average 30-year fixed rate mortgage rate is now 3.94 percent -- an all-time low -- with an … [Read more...] about Mortgage Payments Fall 12% Since February 2011
Have Mortgage Rates Bottomed Out?
Mortgage rates have troughed. Or, so it seems. According to Freddie Mac's weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage is 4.00 percent nationwide -- roughly the same rate as it's been for 5 weeks. During that times, rates have ranged between 3.97 and 4.02 percent with an accompanying 0.7 … [Read more...] about Have Mortgage Rates Bottomed Out?