Posts Tagged ‘shopping interest rates’
Weekly Mortgage Update
Inflation was back in the picture this week as the core the consumer price index came in at an annualized rate of 3.6%, which pushed rates up. Remember, the people who lend their money to Fannie & Freddie need to adjust their rate of return for what inflation takes away. So, when inflation goes up,…
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It’s the flight to safety effect coming into play again this week as the S&P index has dropped approximately 10% and fears continue over Greek and Portuguese debt. The flight to safety occurs when investors become less concerned with a rate of return and more concerned with just keeping what they have. The US bond…
Read MoreFind out more on FHA raising the MIP
Did you know that FHA is raising the Mortgage Insurance Premium, MIP, on all loans filed after October 4th, 2010? FHA will raise the MIP on all FHA case numbers assigned on or after October 4th. This is a value added proposition for any one out there that is on the fence about buying a house. …
Read MoreShopping Interest Rates
If you are in the real estate market to buy or interested in refinancing your home loan, shopping interest rates is very important. With rates as low as 4.25% lately, it is a great time to buy or even if you do not want to move, you may think about refinancing you home. Everyone interested…
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