Personal Finance Blog By MoneyRates - Mortgage
June 13, 2011
While it might be nice not to have a house payment, your money might be better off if you left it in tax-deferred savings accounts.
March 15, 2011
Current mortgage rates are at unusually low levels that can't be expected to continue the way market developments are trending.
March 10, 2011
Mortgage rates have been kept low by government backing of Fannie Mae and Freddie Mac, but this has been too expensive to continue.
February 11, 2011
December 28, 2010
The dreaded double-dip could be upon us--at least as far as the housing market is concerned, according to home price data released Dec. 28 by Standard & Poor's for its S&P/Case-Shiller Home Price Indices. Home prices in 20 major metropolitan areas fell in October from September, and a composite index of 20 major cities fell 0.8 [...]
December 21, 2010
Following seven months of decline, mortgage rates are creeping up again. Both 15- and 30-year fixed mortgage rates rose for the fifth straight week, according to Freddie Mac's mortgage market survey for the week ending Dec. 16. The average 30-year fixed mortgage rate was 4.83 percent with an average 0.7 point, up from the previous week's average [...]
December 7, 2010
In the wake of the U.S. Department of Labor's depressing jobs report for November, Gallup's Job Creation Index provides a glimmer of hope. According to the index, job creation reached its highest level in November in more than two years. The nationwide index hit a positive 11, the best reading since September 2008, Gallup said. The [...]
November 3, 2010
A new refinance calculator makes it easier to compare the costs of different refinancing options
November 2, 2010
Not so long ago financial experts chided consumers for using their homes as ATM machines by doing cash-out mortgage refinance loans. Keeping debt levels lower with less cash-outs It took the collapse of the housing market and tighter lending standards though to change the trend. Last quarter, just 18 percent of homeowners who refinanced their [...]
October 26, 2010