Archive of mortgage rates

23Oct2008
Mortgage Rates Plunge on Signs of Credit Thaw Thumbnail

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.

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Rates Up or Down After the Election Thumbnail

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.

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10Sep2008

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."

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