By Holden Lewis at www.bankrate.com
Mortgage rates took a big jump this week, to their highest point in a year. There’s no single explanation for the rise.
The benchmark 30-year fixed-rate mortgage rose 35 basis points, to 6.77 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. [...]
Surviving and thriving in the real estate market these days means following a whole new set of rules. Here are five imperatives for those who want to master the home-buying game.
1. Gaming the market doesn’t work. There’s a chance that the home you buy today will be worth less next year. So instead of [...]
TODAY’S RATES ARE AS FOLLOWS
30 YR FIXED @ 5.625%
30 YR INT ONLY @ 6.625%
30 YR BOND PROGRAM @ 6.55%
30 YR FHA @ 5.75%
Did you know…starting in 2008 Fannie Mae and Freddie Mac have started to implement loan level pricing adjustments based solely on FICO scores. Here is the following breakdown if your credit scores [...]
TODAY’S RATES ARE AS FOLLOWS
30 YR FIXED @ 5.625%
30 YR INT ONLY @ 6.625%
30 YR BOND PROGRAM @ 6.55%
30 YR FHA @ 5.75%
Did you know…starting in 2008 Fannie Mae and Freddie Mac have started to implement loan level pricing adjustments based solely on FICO scores. Here is the following breakdown if your credit scores [...]
Thursday, July 24, 2008
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