Interest Rates

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12 Oct

30 Year Mortgage Rates Fall Back to Yearly Lows

2017-11-29T20:24:32+00:00October 12th, 2014|Mortgage News|

Borrowing costs were down once again this week, giving home buyers another opportunity to lock in some of the lowest rates of the year! Here are the following national mortgage rate averages for the week ending Oct. 9: 30-year fixed-rate mortgages: averaged 4.12 percent, with an average 0.5 point, dropping from last week’s 4.19 percent average. [...]

21 Jul

What Affects Mortgage Rates?

2017-12-01T09:57:05+00:00July 21st, 2014|Mortgage News|

Lately, historically low mortgage rates have been making the news once again. What causes rates to fluctuate? One main component is supply and demand. This controls the interest rate of mortgages on a fundamental level. When many people are seeking mortgages to buy homes. When there are a lot of buyers seeking mortgages, lenders can [...]

4 Jul

Mortgage Rates Fall for Third Straight Week

2017-11-30T19:42:10+00:00July 4th, 2014|Mortgage News|

This is great news for borrowers! According to Bloomberg, interest rates for 30 year fixed rate mortgages fell to an average of 4.12% this week, down from 4.14% last week. Despite a slow start to the year, housing demand has been steadily regaining strength since May. According to the National Association of Realtors, contracts to buy [...]