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Mortgage rates decline to lowest level in decades

Mortgage rates decline to lowest level in decades Mortgage rates continued to decline this week, plunging to the lowest level in decades, according to surveys from Freddie Mac and Bankrate. Read more on CNNMoney.com via Yahoo! Finance Mortgage rates fall yet again Mortgage rates inch ever lower. Read more on San Diego...

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If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?

If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor? “Lower than prime,” you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible “floor” of lending rates. The very best customers can get very close to that floor. It is...

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Mortgage rates rise slightly but remain near record lows

Mortgage rates rise slightly but remain near record lows Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says. Mortgage rates rose slightly but remained near record lows this week after lenders reported the first increase in six weeks in the number of loan applications by would-be home buyers. But for the housing market, doubt remains about...

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What are Mortgage Rates Like in Colorado? are They Different?

What are Mortgage Rates Like in Colorado? are They Different? Colorado mortgage shopper may wonder, while they are shopping around for a loan, if there are different mortgage rates in the state? —? higher or lower than the rest of the nation. The basic answer is no, when you compare rates for mortgages in Colorado to elsewhere. Mortgage rates in Colorado and other states are based on federal standards....