Perhaps we will be down to 3.5% on a 30-year fixed rate mortgage soon?
If this trend continues.... A new record was set yesterday, with an average rate of 3.67% for a 30-year fixed rate mortgage. Wow!
Good news round up
Mortgage rates hit all-time low again: 3.83% on 30-year fixed rate. WSJ: Home prices rise in most of United States. NAHB: Harrisonburg added to list of improving markets…
Low mortgage interest rates offer unique opportunities
At some point, we will look back at early 2012 and marvel at how inexpensive money was at the time. After all, for over six months now, mortgage interest rates have…
Harrisonburg, Rockingham County housing market continues to gradually improve with home sales up 2%, prices up 4%
Many aspects of the local housing market have improved over the past year, and there are signs that this gradual recovery will continue. As shown above, most market…
National Association of Home Builders Remains Optimistic About Housing Recovery
"In its latest construction forecast, the NAHB on Wednesday stuck to its guns that “underlying fundamentals” such as low mortgage rates, decent economic growth, and…
Harrisonburg housing market shows continued signs of improvement in March 2012
Harrisonburg and Rockingham County home sales were at a four year high during March 2012, and for the entire first quarter of 2012. Click here to jump to the PDF of the…
The perils of waiting to tell you that mortgage interest rates are headed back up
If I had been a bit more timely, and had broken this news about a week ago, I might have told you that THE SKY IS FALLING, LOCK IN AN INTEREST RATE NOW. Indeed, mortgage…
With a small down payment, check both FHA and conventional mortgage options!
This was a great tip that Oguz Sengul (Wells Fargo Home Mortgage) shared with me yesterday.... As shown above, sometimes even with a lower rate (4.000% via the FHA loan…
Mortgage interest rates are on the rise....they are now at a sky high 3.95%
Don't get too worried, interest rates are still incredibly low, and still below 4%. But after four weeks at record lows, the average 30-year mortgage interest rate…
It might get to where it is more affordable to buy than rent. Oh wait, it already did.
It seems likely that at least one of these active listings at Avalon Woods could be purchased for $130,000 -- and I know of several townhouses that have recently been…
Making Home Affordable
One of my clients will soon be refinancing with their current loan servicer (SunTrust Mortgage) under the HARP program. With the new HARP II guidelines, the first…
Average mortgage interest rates (3.87%) break historic low levels, again
Not only have 30-year fixed mortgage interest rates been at or below 4% since November 3rd, they also hit an all-time low this past week at 3.87%. Buying a median priced…