Mortgage rates for the 30-year fixed rate mortgage sunk this week, with reports of the average rate being 4.14 percent, down from 4.20 percent at this same time last week. Rates have continued to slink down for the past week, and these are nearing the lowest that they have been all year, according to the …
Low interest rates are a must when looking to finance a home, and one way to guarantee lower rates is choosing to enact a 15-year fixed-rate mortgage. However, this type of mortgage also comes with the burden of an increased monthly payment amount. So, how do you decide which option is right for you? By …
Saving with a 15-Year Mortgage on Your Chicago New Home Read More »
Many people around the Chicagoland area thought they had seen mortgage rates fall to their lowest a week ago. Now comes news that mortgage rates dropped even further. Freddie Mac’s Primary Mortgage Market Survey (PMMS), released last Thursday, shows the current mortgage rates as of the week ending June 21: 30-year fixed rate mortgage now …
The economy is struggling and mortgage rates are responding. Average fixed-rate mortgages fell to new all-time record lows for the sixth straight week in an effort to help keep homebuyer affordability high. Here are the mortgage rates for the week ending June 7, according to Freddie Mac: *30-year fixed-rate mortgage (FRM): Averaged 3.67 percent, down …
Mortgage rates continue to drop to historic lows as the housing industry makes its slow crawl towards a rebound. For the second consecutive week, the 30-year fixed rate average fell from 3.84 to 3.83 percent according to Freddie Mac. This is quite the drop considering that last year the average stood at 4.63 percent. It is …
I refinanced the mortgage in my Chicago real estate a year ago and got an outstanding rate of just over 4.00 percent on a 30-year loan. I felt lucky, since rates at the time were closer to 5 percent than 4. Here we are a year later, and today’s mortgage rates are starting to make …
