All Entries Tagged With: "mortgage rates"
Mortgage Rates Plunge on Signs of Credit Thaw
Mortgage rates reversed course in a big way this week, with the average 30-year fixed mortgage rate dropping from 6.74 percent to 6.32 percent. According to Bankrate.com’s weekly national survey, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.
Rates Up or Down After the Election
One mortgage advertiser puts forth that this is a good time to refinance the present mortgage. There was mention that after every presidential election, rates went up. Really? So with a presidential election about to be decided the time was ripe to make that call and get the new loan at lower rates. After the election might be too late.
Is it a good time to buy real estate?
When the Northwest Multiple Listing Service released August home-sales numbers Tuesday, it alluded several times to that oft-repeated line that makes some people laugh: “It’s a great time to buy.”



