Everyone makes resolutions around this time every year - from taking up a long-delayed painting project, to finally remodeling that kitchen, or finally making up your mind about packing up and selling the place. The web is full of real estate resolutions, so as we ease into the New Year, we'll present a punch list of the best of these 2014 pledges: Purge - Get rid of stuff you don't want buyers to...
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates hitting their lowest levels since this summer amid market speculation that the Federal Reserve will not alter its bond buying purchases this year. Findings • 30-year fixed-rate mortgage (FRM) averaged 4.13 percent with an average 0.8 point for the week ending October 24, 2013,...
With home prices rising and interest rates still well below historic norms, many potential buyers would like to get into the marketplace but are stymied by one hurdle: credit. "The credit process mystifies many borrowers," said Ray Brousseau, executive vice president of a nationwide lender. "They worry that their credit may be imperfect or that a late payment from long ago will doom a loan application,...
RISMedia- Freddie Mac recently released the results of its Primary Mortgage Market Survey®, showing mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance....
U.S. borrowers can get the cheapest mortgages this year, thanks to worries over European debt, and that could keep homebuyers active even after the expiration of a tax credit designed to lift sales. Mortgage rates fell to their lowest level of the year this week as yields on U.S. government securities fell, Freddie Mac said Thursday. Fixed mortgage rates tend to follow the yield of 10-year Treasury...
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